Weatherization Services for Washington Low-Income Multifamily Housing

The Riverside Small & Micro Business Grant Program is a City of Riverside initiative designed to foster local small business resiliency by offering grant awards of up to $25,000 to qualified businesses. This program aligns with a mission to support long-term economic stability and growth within the community, addressing not only ongoing pandemic recovery needs but also promoting access to valuable partner resources. The program's foundation is rooted in the Department of Treasury State & Local Fiscal Recovery Funds (SLFRF), demonstrating a commitment to enhancing financial stability for small businesses. The primary target beneficiaries of this grant program are small and micro businesses located within Riverside city limits, particularly those in disadvantaged communities. The program focuses on businesses with under 50 employees, an annual gross revenue between $10,000 and $2,500,000, and those that can demonstrate a COVID-19 financial impact. By targeting these specific businesses, the program aims to reduce barriers to success and promote equitable economic development. A key priority of the Riverside Small & Micro Business Grant Program is to offer direct financial support, with grant sizes ranging from $10,000 to $100,000. Beyond monetary aid, the program also emphasizes capacity building through a FREE one-on-one Strategic Planning Consultation. These consultations are designed to help applicants identify opportunities for improvement, develop customized strategies for increased financial stability, and build long-term sustainability. The focus is on holistic support, extending beyond immediate financial relief to include strategic planning and resource connection. The expected outcomes of this program include enhanced financial stability, long-term sustainability, and increased capacity for success among Riverside's small and micro businesses. Measurable results will likely stem from the improved financial health of participating businesses, their ability to sustain operations, and their growth within the community. The program's strategic priorities are centered on recovery, resiliency, and growth, operating under a theory of change that postulates that by providing financial assistance and strategic guidance, small businesses will be better equipped to overcome challenges, thrive, and contribute to the local economy.