City of San Marcos Minority Business Stabilization Fund

City of San Marcos Minority Business Stabilization Fund (Texas) - The City of San Marcos is offering minority entrepreneurs and small business owners within corporate city limits the opportunity to apply for the Minority Business Stabilization Fund Program. This one-time grant assistance program, funded through the American Rescue Plan Act (ARPA), provides direct aid to minority-owned businesses in San Marcos. Grant amounts range from $1,000 to $10,000 based on the number of full-time employees and can be used for eligible expenses such as physical improvements, equipment, e-commerce expansion costs, rent, payroll, and operating expenses. To be eligible, businesses must have been in operation in San Marcos for at least 12 months, employ 1 to 25 full-time employees, and be at least 51% unconditionally owned by a socially disadvantaged individual. Only one grant may be awarded per business with multiple locations in San Marcos. For more information and to apply, visit City of San Marcos website.