Applications are being accepted from businesses that saw sales decline at least 20...
The program is funded with some of the $327 million the city received through the American Rescue Plan Act. Passed last year, the $1.9 trillion measure was designed in part to buttress state and local governments’ budgets hit by lower-than-usual tax revenues during the pandemic.
Riverwalk restaurants and bars were empty March 19, 2020, after the city ordered non-essential businesses closed to curb spread of the coronavirus. A new city grant program aims to help businesses that lost lost sales in 2020 and 2021.City Council in February directed $31 million from the act to small businesses.
West Side-based small business lender LiftFund will be doling out the grants, a role similar to one it played in the early days of the pandemic, when it doled out federal dollars to keep small businesses afloat.CPS Energy bills jump more than 50 percent in June as temperatures and gas prices rise It’s not clear how many grants will be made. That’s because there’s an additional $10,000 “construction impact” supplement available for businesses located in 19 areas with heavy construction, such as the Alamo or North St. Mary’s street.A breakdown of key state and local races and candidates in the May 24 primary runoff.
To be eligible, small businesses must be located within San Antonio and show they experienced at least a 20 percent sales decline in both 2020 and 2021 compared with 2019. Business that saw a sales drop of 40 percent or more in both of the past two years are eligible for the maximum $35,000 grant.
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