The City of Riverside Small & Micro Business Grant Program is designed to support local small business resiliency consultation to identify areas for improvement and build customized strategies to increase financial stability, long-term sustainability, and capacity for success.
Donor Name: City of Riverside
State: California
County: All Counties
Type of Grant: Grant
Deadline: 08/31/2024
Size of the Grant: $10,000 to $100,000
Grant Duration: Grant Duration Not Mentioned
Details:
In addition to direct financial support, all applicants will have the opportunity to participate in a FREE one-on-one Strategic Planning Consultation to identify opportunities for improvement and build customized strategies to increase financial stability, long-term sustainability, and capacity for success.
The goal of the City of Riverside Small & Micro Business Grant Program is to address not only continuing pandemic recovery needs, but, as provided for in the Department of Treasury State & Local Fiscal Recovery Funds (SLFRF), it is intended to support long-term resiliency and growth of local small businesses, promote access to valuable partner resources, and reduce the barriers to success faced by small businesses in disadvantaged communities.
Eligibility Criteria
- Privately-Owned, For-Profit Business in operation Prior to 3/13/20
- The term “Business” includes Self-Employed Individuals, Entrepreneurs, Sole Proprietors, 1099 Independent Contractors, Home-Based Operations, Limited Liability Corporations (LLCs), C-Corporations, etc.
- Individuals who started a business (became self-employed) due to covid employment challenges prior to 1/1/23
- Located within City Limits of City of Riverside
- Must have a physical business address (or residential address if home-based)
- If you are unsure about your location, you can search your address via the “Find My Ward” map.
- Please Note: If you are not within a shaded area, you are unfortunately not eligible.
- Are Categorically Eligible (Presumed Impacted by ARPA) and/or Can Demonstrate Covid Financial Impact
- Decreased revenue or gross receipts
- Increased costs
- Challenges covering operating expenses such as payroll, rent, utilitities, etc.
- Lower capacity to weather financial hardship due to depleted savings, selling off assets, lack of working capital, etc.
- Other covid related impacts may be considered on a case-by-case basis
- Annual Gross Revenue between $10K – $2.5 Million
- Under 50 Employees (including the owners)
- Active & In Good Standing with all City, County, State, & Federal Entities
Funding Information
Grant awards of up to $25,000.
For more information, visit City of Riverside.
