GrantExec

City of San Antonio Small Business Construction Support Grant Program

$35,000
Closed
TX
Grant Description

The City of San Antonio's Small Business Construction Support Grant Program aims to provide financial assistance to eligible micro and small business owners whose enterprises are negatively affected by city-initiated construction projects. This initiative, funded by the City of San Antonio and managed by LiftFund, allocates $1,459,168 to support for-profit small businesses, with individual grants ranging from $5,000 to $35,000. The program's core objective is to mitigate the financial hardship experienced by businesses due to construction-related disruptions, thereby fostering economic stability and continuity within impacted commercial zones. The primary beneficiaries of this grant program are micro and small retail or service businesses that rely on customer foot traffic for their operations and are situated within designated construction zones. To be eligible, businesses must have generated a minimum of $10,000 in gross sales in 2022, meet the SBA Size standard for small businesses based on their NAICS code, and demonstrate a net profit/loss in 2022 that is at least $5,000 greater than in 2023. This focus ensures that the support reaches businesses that are actively contributing to the local economy and have experienced a measurable decline in profitability due to construction. The program specifically excludes non-profits, gambling/gaming businesses, franchisors, sexually oriented businesses, payday & auto loan providers, liquor stores, and businesses with a City employee or officer having a financial interest, ensuring the funds are directed towards a specific segment of the business community. The program prioritizes businesses that are currently operational, have not filed for bankruptcy, and are committed to remaining in their eligible construction zone for at least one year from the grant award date. This ensures the grants support resilient businesses that are integral to the community and will continue to operate in the affected areas. A key focus is on demonstrating financial impact, requiring applicants to show a significant difference in net profit/loss between 2022 and 2023, directly linking the need for support to the construction-related challenges. Expected outcomes include the sustained operation of small businesses within construction-impacted areas, job retention, and the overall economic recovery of affected commercial corridors. Measurable results will likely include the number of businesses receiving grants, the total amount of grant funds distributed, and potentially, tracking the survival rate of these businesses post-grant. The program's success will be measured by its ability to alleviate financial stress on small businesses, allowing them to weather construction periods without significant long-term negative impacts, and contributing to the vibrancy of San Antonio's local economy.

Funding Details

Award Range

$5,000 - $35,000

Total Program Funding

Not specified

Number of Awards

Not specified

Matching Requirement

No

Eligibility

Eligible Applicants

Small businesses

Geographic Eligibility

San Antonio

Key Dates

Application Opens

June 17, 2024

Application Closes

July 15, 2024

Contact Information

Grantor

City of San Antonio

Email

Phone

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Infrastructure
Business and Commerce
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