Do I need to pay taxes on the grant?

Because the tax status and circumstances are unique to each business, grant recipients should consult their tax professionals to determine what, if any, tax obligations will result from receiving this grant.

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1. Are grants issued on first-come, first-served basis?
2. How does the lottery process work?
3. How will I know if my application was selected in the lottery?
4. Will the grant be issued all at once or on a reimbursement basis?
5. What can I spend grant funds on?
6. Do I have to repay the grant?
7. Why are home-based businesses not eligible to apply?
8. Do I need to pay taxes on the grant?
9. Is there a maximum number of employees I can have to qualify for this grant?
10. Grant eligibility requires at least one of my employees hold a low-or moderate income job. What does this mean?
11. Who do I contact if I have questions?