San Antonio is launching a brand new $1.4 million grant program to help small companies affected by city-led building tasks, in line with the newest from San Antonio Report. The initiative, offered by the town’s Financial Growth Division, consists of three separate grants to supply help earlier than, throughout, and after building.
The most important of the three, the Stabilization Building Grant, is backed by $1 million and can provide as much as $35,000 to eligible companies alongside streets like South Alamo and inside the Zona Cultural. To qualify, companies should exhibit internet income losses from the previous yr. An estimated 266 companies may benefit from this funding.
The Mitigation Building Grant targets companies getting ready for main upcoming tasks. This spherical focuses on the Marbach Street Streets and Drainage Venture, anticipated to start this fall. Grants of $2,000 might be accessible for as much as 40 companies to assist cowl advertising and marketing and signage bills. A complete of $80,000 has been allotted for this effort.
The third grant, the Speed up Restoration Grant, helps companies alongside roads the place building was lately accomplished, together with Broadway Avenue and Bulverde Street. With $120,000 in funding, this system will provide $5,000 grants for as much as 24 companies to make exterior or inside enhancements—reminiscent of portray, signage, or seating upgrades.
Functions for the Stabilization and Restoration grants open by Could 1, whereas the Mitigation Grant utility interval begins June 2.
Based on San Antonio Report, metropolis knowledge reveals previous construction-related grants improved small enterprise survival charges, significantly in meals and lodging sectors.
