The City of San Marcos is offering minority entrepreneurs and small business owners operating within corporate city limits who were impacted by the COVID-19 pandemic the opportunity to apply for the Minority Business Stabilization Fund Program.
Donor Name: City of San Marcos
State: Texas
County: All Counties
Type of Grant: Grant
Deadline: All Time
Size of the Grant: $1000 to $10,000
Grant Duration: Grant Duration Not Mentioned
Details:
The Minority Business Stabilization Fund is a one-time grant assistance program funded through the American Rescue Plan Act (ARPA). Through this Fund, the City provides direct aid to minority-owned businesses in San Marcos.
Funding Information
- Self-employed businesses – up to $1,000
- Businesses with 1-5 FTEs – up to $5,000
- Businesses with 6-15 FTEs – up to $7,500
- Businesses with 16-25 FTEs – up too $10,000
Eligible Expenses
Physical improvements to business space to reopen safely as a result of covid Equipment to comply with public health and safety guidelines (e.g. touchless payment methods, automatic door open sensors) Costs associated with expanding the business to e-commerce sales Rent, payroll, and other operating expenses
Eligibility Criteria
To be eligible for consideration, a business must:
- Business must be located within the corporate city limits of the City of San Marcos;
- Have continual operation of business in San Marcos for at least 12 months before requesting a grant;
- Employ 1 to 25 full-time employees total across all locations;
- Be at least 51% unconditionally owned by a socially disadvantaged individual and the management and daily business operations are controlled by one or more disadvantaged individuals;
- Only one grant may be awarded per business with more than one location in San Marcos, and grant applicants are only eligible to receive one grant award;
- Not be an elected official of the City or employee of the City or married to an elected official of the City or employee of the City; and
- Be a for-profit entity.
For more information, visit City of San Marcos.