City of West Park Mom & Pop Small Business Grant Program 2024

The City of West Park is offering a "Mom and Pop" Small Business Grant to support local businesses within its jurisdiction. This program is designed to provide financial assistance to qualified small businesses, fostering economic stability and growth within the community. The initiative aligns with the city's mission to support its local economy and preserve the unique character of its small business sector. The target beneficiaries for this grant are small businesses located exclusively within the City of West Park. This includes both brick-and-mortar establishments and home-based businesses, with specific provisions for the latter. The grant prioritizes businesses that are not part of national chains, have a gross income of $250,000 or less, and whose owners operate no more than two active businesses. Non-profit agencies are explicitly excluded from eligibility. The primary impact goals of this grant program are to sustain and strengthen the local small business ecosystem. By providing direct financial aid, the City of West Park aims to help these businesses with essential needs such as inventory, supplies, equipment, and marketing. This support is expected to prevent business closures, encourage local entrepreneurship, and contribute to the overall economic well-being of the city's residents. The program's priorities and focuses are clearly defined by its eligibility criteria. Emphasis is placed on truly independent local businesses that demonstrate a need for financial assistance and contribute to the local economy. The restriction on re-application for ten years for previous awardees ensures that the grant reaches a broader range of businesses over time. The inclusion of home-based businesses, with specific uses for the funds, demonstrates a commitment to supporting diverse small business models within the community. Expected outcomes include a more resilient local business community, increased retention of small businesses, and a stimulated local economy. By supporting businesses that might otherwise struggle, the City of West Park anticipates a positive ripple effect, leading to job retention and creation, and maintaining the vibrancy of its commercial districts. The program serves as a strategic tool for the city to directly invest in its local economy, reflecting a theory of change that small, targeted financial interventions can yield significant community-wide economic benefits.