The change would mean the end of municipal operational support for Prosper West, SAGE and Southside First Economic Development Council.
Direct funding for three nonprofits that support small businesses have been pulled from the City of San Antonio's proposed budget recommendation.The City of San Antonio is poised to end its direct support of three nonprofits that provide support services to small businesses on the East, South and West sides of town.document as a cost savings of $517,000, the change would mean the end of municipal operational support for Prosper West, SAGE and Southside First Economic Development Council.
The city’s decision earlier this year to hold back funding that had been allocated in the 2024 budget further strained the nonprofits, all had to lay off staff to stay afloat.
That appears to sum up the strategy of the city’s Economic Development Department: it will still support nonprofits that serve San Antonio’s small businesses, but will do so through “capacity strengthening, technical assistance and specific initiatives that address barriers to accessing capital.
“You need boots on the ground and grassroots connections in the community,” so strengthening these nonprofits is in the city’s interests, said Leilah Powell, LISC San Antonio’s executive director.The nonprofits and the city agree that small businesses’ single greatest need is access to flexible capital. The city has given out millions in federal pandemic relief grants to small businesses over the past several years, but that money.
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