Has your small business been impacted economically due to COVID-19? If you are located in the Houston area, the City has created a grant program to help businesses survive during this time.
Funded by the CARES ACT, the City of Houston is giving out Small Business Grants up to $50,000 until Friday, September 4, 2020. While applications are due by the end of this week, the good news is that they are not processed in order of submission.
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Lastly, if you wish to know more about this program, the City of Houston has provided a few webinars that can be viewed at your convenience.
Is your business eligible for the grant?
The grant does have a few qualifications your small business must meet in order to be considered. Here are just a few to keep in mind:
- Must be a business whose principal place of business is located within city limits of the City of Houston;
- Must have been in business for at least one (1) year prior to March 1, 2020;
- Must provide evidence of how business revenue has significantly decreased because of government restrictions or other challenges due to COVID-19;
- Must have generated $2 million or less in gross annual revenue pre-COVID-19;
- Must be in good standing regarding City requirements (property taxes, personal property, grounds for debarment, etc);
Find out all of the requirements, documentation, and eligible businesses by visiting the City Of Houston website.
