City of Riverside Small & Micro Business Resiliency Grant Program

The City of Riverside Small & Micro Business Grant Program is designed to support local small business resiliency consultation to identify areas for improvement and build customized strategies to increase financial stability, long-term sustainability, and capacity for success. Donor Name: City of Riverside State: California County: All Counties Type of Grant: Grant Deadline: 08/31/2024 Size of the Grant: $10,000 to $100,000 Grant Duration: Grant Duration Not Mentioned Details: In addition to direct financial support, all applicants will have the opportunity to participate in a FREE one-on-one Strategic Planning Consultation to identify opportunities for improvement and build customized strategies to increase financial stability, long-term sustainability, and capacity for success. The goal of the City of Riverside Small & Micro Business Grant Program is to address not only continuing pandemic recovery needs, but, as provided for in the Department of Treasury State & Local Fiscal Recovery Funds (SLFRF), it is intended to support long-term resiliency and growth of local small businesses, promote access to valuable partner resources, and reduce the barriers to success faced by small businesses in disadvantaged communities. Eligibility Criteria Privately-Owned, For-Profit Business in operation Prior to 3/13/20 The term “Business” includes Self-Employed Individuals, Entrepreneurs, Sole Proprietors, 1099 Independent Contractors, Home-Based Operations, Limited Liability Corporations (LLCs), C-Corporations, etc. Individuals who started a business (became self-employed) due to covid employment challenges prior to 1/1/23 Located within City Limits of City of Riverside Must have a physical business address (or residential address if home-based) If you are unsure about your location, you can search your address via the “Find My Ward” map.  Please Note: If you are not within a shaded area, you are unfortunately not eligible. Are Categorically Eligible (Presumed Impacted by ARPA) and/or Can Demonstrate Covid Financial Impact Decreased revenue or gross receipts Increased costs Challenges covering operating expenses such as payroll, rent, utilitities, etc. Lower capacity to weather financial hardship due to depleted savings, selling off assets, lack of working capital, etc. Other covid related impacts may be considered on a case-by-case basis Annual Gross Revenue between $10K – $2.5 Million Under 50 Employees (including the owners) Active & In Good Standing with all City, County, State, & Federal Entities Funding Information Grant awards of up to $25,000. For more information, visit City of Riverside.