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UTAH SMALL BUSINESSES MAY NOW APPLY FOR THE COVID-19 RENTAL ASSISTANCE PROGRAM
May 08, 2020


All information in this COVID-19 Response Resource issue is effective as of May 8, 2020.


Application period begins Monday morning, May 11, 2020

The State of Utah has created a $40 million COVID-19: Commercial Rental Assistance Program to help small businesses pay their rent. The program is administered by the Utah Governor’s Office of Economic Development.  The program is for small businesses (including nonprofits, sole proprietors, independent contractors and those that are self-employed) that: 

  • Have a current lease on commercial property in the State of Utah
  • Claim Utah as its principal place of business
  • Operated with less than 100 employees (as of February 15, 2020)
  • Demonstrate at least a 50 percent loss of gross monthly revenue after March 1, 2020, as a result of federal, state, or local public health measures taken to minimize the public's exposure to COVID-19; and
  • Have not received funds from the COVID-19 Agricultural Operations Grant Program 

Businesses can receive:  

(a) $10,000

(b) 50 percent of monthly rent, if the monthly gross revenue loss is between 50 and 70 percent, or

(c) 100 percent of monthly rent, if the monthly gross revenue loss is 71 percent or more, whichever is less.  

Businesses that received a Paycheck Protection Program (PPP) loan are eligible for rental assistance under the program, but the rental assistance will be approximately one-half of the amounts stated above. 

The application period for the COVID-19: Commercial Rental Assistance Program opens at 9 a.m. MDT, Monday, May 11, 2020.  The applications should be submitted at www.coronavirus.utah.gov.  The grants will be provided on a first-come, first-served basis until the $40 million is exhausted. 

More information about the COVID-19: Commercial Rental Assistance Program (including application requirements) can be found at https://business.utah.gov/utah-covid-19-commercial-rental-assistance-program/#faq

For questions, contact Jason Nichols by calling (801) 536-6907 or send an email to jnichols@parsonsbehle.com.