City creates program to aid local small businesses

By Debbie Eller, Director of Community Development

While the COVID-19 outbreak has arrived with a high human cost, it’s increasingly evident that the economic impacts could be substantial as well. In response, the City of College Station has created an Economic Assistance Grant Program for our small businesses with low-to-moderate income employees.

The city council unanimously approved the program’s guidelines as part of a special Monday afternoon teleconference meeting.

Funded with almost $300,000 in CDBG Economic Development Funds, the program could help prevent job losses for employees with families in the low-to-moderate household income range, such as a family of four that earns under $54,800 a year. In the long term, the program could also contribute to job creation or enable businesses to reach their pre-disaster employment numbers.

Grants of up to $40,000 will be available, based on the number of employees. Businesses need to provide information regarding their business before and after implementation of the COVID-19 declarations, including financial documents, employee information, and their willingness to comply with local, state, and federal requirements. 

To apply, click the link below, register as a vendor, and download the required documents. After you log-in, click on Current Bids and the Eco Assistance Grant link, where you can upload the documents.

New applications are reviewed and funds awarded each week, and each entity may receive only one grant. We expect the requests to outpace the available funds.

Funds will be disbursed in four installments, with the first distributed after the agreement is executed. Subsequent payments will be made following the submission of payroll documentation showing that the funding has helped retained job funding. 

For more information, email me at deller@cstx.gov.

 


About the Blogger

Community Services Coordinator Debbie Eller is in her 21st year with the City of College Station. She has led the Community Services Department since 2010. A native of Fort Worth, Debbie earned a bachelor’s degree in animal science from Texas A&M in 1984.


 

 

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3 responses

  1. Pingback: BCS leaders working to provide funds to small business owners – Free Ad Campaigns

  2. Pingback: College Station City Council Approves Adding Money To Preserve Some Small Business Jobs | WTAW

  3. Pingback: City creates program to aid local small businesses — City of College Station – BRAZOS REPORTER

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