APPLICATION PROCESS

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How to Apply

APPLICATION PROCESS

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Eligibility Criteria

A firm must show that the Deepwater Horizon oil spill contributed significantly to both of the following:

• A decline in sales of 5% or greater during the period from April 20, 2010, through December 31, 2010, when compared to the same period from the previous year. If overall declines are not evident, the firm may be able to demonstrate declines in one product line if that product accounted for at least 25 percent of the total sales of the firm.
• The separation (or threat of separation) of a significant portion of the firm’s workers. An employment decline of 5 percent is considered significant.

Required Information

The application will include information about the company’s

• related firms; economic history; owners and managers; articles produced and sold; sales, production and employment data.

Required 2008, 2009, 2010 documentation, such as:

• financial statements, federal income tax returns, and quarterly employment report.

Approval

Once a firm has submitted its application with all supporting documentation, the package will be submitted to the Director of the GOSDAA program. A review of all information will be conducted to determine the extent of impact caused by the oil spill on the firm’s operations and to ensure that it has met all the criteria for eligibility of the assistance to be provided by the GOSDAA program.

All information is kept confidential.