October 23, 2020
Before this summer time, the Tarrant County Commissioners Courtroom allotted $30 million in CARES Act funding for a Modest Business Assistance Grant software to support Little Firms in Tarrant County, but exterior the City of Fort Truly worth (the Town of Fort Well worth has separate CARES Act funding allocated for Little Companies inside Fort Well worth municipal boundaries).
Grant purposes for the initial round of funding opened on June 22 and closed on July 6, 2020. The overview and awarding of these first programs is now comprehensive. By means of the initial round of funding, Tarrant County has presented 2,196 small companies with grant awards totaling $17.6 million of the initial $30 million selected for the method.
Second Round of Grants Accessible
In purchase to help more Little Businesses in our local community, a 2nd round of applications for the Smaller Business Support Grants are now getting acknowledged. The software period opens Monday, Oct. 26.
The Tarrant County Tiny Company Guidance Grant method is designed to supply financial assistance to very tiny firms found and running in Tarrant county (exterior the Metropolis of Fort Well worth) that have been adversely impacted by the present COVID-19 public overall health unexpected emergency and most very likely have uncovered it tricky to use and entry other federal grants or financial loans through the SBA or classic banking companies and lending establishments. This grant method is aimed at helping little businesses with the expenditures of business interruption prompted by needed closures. The dollar amount of person grants will be decided by the economic information and facts delivered, the selection of suitable grant applications been given and the funding pool obtainable, with no unique grant becoming far more than $10,000.
Grant funding is minimal to corporations who fulfill selected requirements, like:
- A tiny business with 25 or considerably less staff members
- Located inside Tarrant County, exterior the City of Fort Truly worth
- A for-gain business enterprise open and running in Tarrant County as of January 1, 2020
- Company was closed or partly shut thanks to COVID-19
- Organization displays a reduction in earnings or an improved decline from COVID-19
- Programs restricted to one particular (1) business for every Operator(s)
- For the Second Round of funding, independently owned and operated (non-franchisor owned) franchise organizations have now been included as an suitable small business.
Corporations/House owners obtaining a previous Tarrant County Modest Small business Support grant award will NOT be suitable for another grant award in the 2nd spherical. House owners with extra than just one business who obtained grant funding for a business in the to start with round will NOT be eligible to obtain grant resources for a distinct organization in the 2nd spherical.
Metropolis of Arlington Aid
Have to have support scanning files or have issues about the software? Show up at a assist session hosted by the Town of Arlington on the pursuing dates:
- Oct. 29: 2 to 4 p.m.
- Nov 6: 2 to 4 p.m.
- Nov 9: 2 to 4 p.m.
All assist classes will be held at the George W. Hawkes Downtown Library. Get in touch with 817-459-6155 for more info.