Evansville Endowment Fund Grant 2024

The City of Alexandria's 2024 Small Business Resiliency (SBR) Grant Program aims to provide vital assistance to the city's small businesses. This initiative is designed to foster a resilient and inclusive business environment within the community by helping businesses overcome challenges in accessing essential resources. The program is administered by the Latino Economic Development Center (LEDC), highlighting a collaborative effort to empower entrepreneurs and cultivate a thriving local business ecosystem. The city's contribution of funds directly supports its commitment to a robust local economy. The program targets small businesses located within the City of Alexandria. To be eligible, businesses must have one or more locations, including their principal place of business, in Alexandria, and must employ 100 or fewer individuals. Furthermore, businesses must have been established and revenue-generating before December 31, 2023, and their business revenue in either 2022 or 2023 must not have exceeded $250,000. These criteria ensure that the grant focuses on genuinely small, local businesses that contribute significantly to the community's economic fabric. A key priority of the SBR Grant Program is to support businesses that are in "good standing," meaning they are current on all local taxes or have an active payment plan with the City of Alexandria, and are not currently undergoing bankruptcy proceedings. Ineligible entities include non-profits, banks, financial institutions, gig economy contractors, and corporate-owned locations, branches, subsidiaries, or franchise businesses, unless they are locally owned and operated within the City of Alexandria. This focus ensures that the grants directly benefit independent small businesses facing immediate challenges. The expected outcome of the program is to enhance the resilience of Alexandria's small business community, enabling them to better navigate and overcome economic challenges. By providing grants of up to $7,000, the program aims to provide tangible financial support that can be used to access essential resources, thereby strengthening individual businesses and, by extension, the overall local economy. The program's administration by LEDC further suggests an emphasis on equitable access to resources, aligning with a broader strategy of fostering an inclusive business environment and empowering diverse entrepreneurs within Alexandria.