At a joint news conference on Wednesday, the Lehigh Valley's two county executives announced $7.5 million in grants for Lehigh Valley's suffering restaurants, bars and hotels. This program is available thanks to a block grant that went to each of the state's 67 counties. In the Lehigh Valley, the assistance will be administered by The Rising Tide. Applications may be made now, and until June 15. The maximum grant available is $10,000.
According to a news release from Lehigh County, the application process actually opened on March 15.
Eligibility is determined as follows:
• As stated on tax return, business has an industry classification starting with NAICS code 721: Accommodation or NAICS Code 722: Food Services and Drinking Places and is located in Northampton County and Lehigh County
• Was in operation on February 15, 2020 and remains in operation, and does not intend to permanently cease operations within one year of the date of application
• Experienced a reduction in revenue of at least 25% in gross receipts between comparable quarters in 2019 and 2020
• Has fewer than 300 full-time equivalent employees
• COVID-19 has had an adverse economic impact on the eligible business
• Has a maximum tangible net worth of not more than $15 million
• Business is not publicly traded
I'd like to know what kind of administrative fee is being paid to Rising Tide.