The city of Southlake has launched its first-ever grant program to help local business owners towards economic recovery.
On November 17, the Southlake city council adopted the Southlake Business Relief Grant Program, a $1 million initiative that provides stimulus relief for businesses affected by the pandemic. The program is funded through the city’s economic development investment fund and can award businesses up to $10,000.
“This program will help our local businesses bridge the revenue gap they’ve experienced so they can continue to provide the great products and services to the community without having to consistently worry about revenue,” Economic Development Director Daniel Cortez says in MySouthlakeNews.com. “It’s important to understand that when our local businesses hurt and struggle, as a community, we do as well.”
Southlake businesses with 50 or less employees are eligible and must have been in operation since January 2019. Applicants must be able to demonstrate loss of income due to COVID-19 and be in good standing with taxing entities. Businesses that have received financial assistance from other entities are still eligible to apply for the city’s grant program.
To learn more or apply, visit CityOfSouthlake.com.