Business Recoupment Relief Program
The Business Recoupment Relief Program provides awardees of the Main Street Relief Fund, SELF program, the GAP program, and/or the 2020 Live Venue Stabilization Program an opportunity to apply certain COVID-19 related business expenses toward any federally mandated recoupment requirements. The New Hampshire Department of Revenue Administration or GOFERR will notify any business if this requirement applies to them.
In order to obtain this benefit and reduce the amount owed, businesses must apply as described below by August 27, 2021.
Eligibility: This program is limited to the Main Street Relief Fund, Main Street Relief Fund 2.0, Self-Employed Livelihood Fund, General Assistance and Preservation Fund for-profit, and 2020 Live Venue Relief Program awardees that are notified by the Department of Revenue or GOFERR that their reporting indicates that they owe recoupment because their actual revenue losses do not cover the full amount of their award. This program modifies the terms of the initial awards to allow COVID-19 related business expenses to offset up to the full amount of recoupment owed. No new awards will be issued.
Self-Certify: Recoupment owed in excess of $10,000, with COVID-related business expenses being claimed that are at or below $20,000.
Businesses with more than $10,000 owed in recoupment can claim COVID-19 related business expenses up to the amount they owe in recoupment. In order to claim those expenses, businesses must submit an application and certify that the amount of claimed and allowed expenses is true and correct.
For businesses claiming $20,000 or less in COVID-19 related expenses, there is no additional documentation that must be provided beyond self-certification available at the link below. Their self-certification will be sufficient to complete the application. However, only expenses that fit within the list of allowable COVID-19 related expenses can be claimed.
Businesses are only allowed to submit one application to offset recoupment owed. If you are a business that would like to claim more than $20,000 in COVID-related business expenses, you must use a different application, which you can find here.
The application must be completed and submitted utilizing the GOFERR grant portal by Friday, August 27, 2021, at 4:00 PM, including all supporting documentation. You are encouraged to submit your completed application as early as possible before the deadline. If you miss the deadline, you cannot be considered for an award from this program.
For more information about the Business Recoupment Relief Program – Self-Certify generally, or the application, please email mainstreet@goferr.nh.gov or visit here.
Associated Links:
- Frequently Asked Questions