Qualified Santa Monica organizations can apply beginning July 16 for a $5,000 give
July 15, 2021 10:06 AM
The City of Santa Monica as well as Santa Monica Chamber Foundation are partnering with Regional Efforts Support Firm Los Angeles (LISC LA) to launch the Santa Monica Small Company Recuperation Grants to sustain Santa Monica’s small company area. Qualified Santa Monica companies are urged to apply from July 16 to July 30 for a $5,000 grant offered at www.santamonica.gov/bizgrants. Early applications are encouraged.
The Santa Monica Small Company Healing Give will certainly offer $5,000 gives to over 75 eligible small brick-and-mortar businesses found in the City of Santa Monica. Qualified services should have remained in presence considering that September 4, 2019, as well as in existing procedure with annual revenue under $2 million. Give winners will certainly be selected with an online, randomized application system. Companies that are located in low- and moderate-income demographics tracts will certainly receive extra weighting. Currently, the grant is restricted to for-profit services with existing stores in Santa Monica; future gives will certainly be readily available for Santa Monica nonprofits later on this summer. Home-based companies are not eligible.
Moneyed by the City of Santa Monica’s We Are Santa Monica Fund ($200,000), the Chamber Structure ($25,000), American Rescue Strategy Act funds ($200,000), individual donors, as well as local companies and philanthropic nonprofits like Hulu, Optimum Seismic, Rotating Club of Santa Monica, as well as Santa Monica Location, over $440,000 has been increased to sustain our neighborhood business neighborhood. The Santa Monica Small Business Recuperation Give will certainly be taken care of by LISC LA, a charitable neighborhood advancement financial institution (CDFI). LISC LA likewise handled the distribution of over $100 million in gives to local business across Los Angeles County via the LA Regional COVID-19 Recovery Fund in 2020 as well as 2021. Interested contributors can contribute to the We Are Santa Monica Fund at www.calfund.org/wearesantamonica (Select “Business Healing”).
“We know that the last 16 months were a very tough, uncertain time for Santa Monica organizations. They adapted their procedures to securely serve our neighborhood as well as did so with resolution and also grit,” states Mayor Sue Himmelrich. “We are eager to support our Santa Monica organizations as they aim for recuperation and I prompt all Santa Monica small businesses to apply. These vital funds are the cascade of a community-wide initiative and we’re thankful for every buck added.”
The local business give program belongs to the City’s priority for an Equitable and Inclusive Economic Recovery as well as improves existing economic healing efforts consisting of supporting vulnerable populaces, progressing regional business as well as area vitality with programs like outside dining, advertising safe interior and outdoor areas, and also a durable interactions and also outreach initiative.
“Santa Monica is a neighborhood that group and raises each other up when times are difficult. The Santa Monica Small Company Recuperation Grants are an additional instance of our caring neighborhood and also our resolution to sustain our vivid service neighborhood to endure after a terrible year,” stated Santa Monica Chamber of Commerce President/CEO Laurel Rosen.
“We applaud the City of Santa Monica for its commitment to rejuvenate its hard-hit local business community via this program,” stated Tunua Thrash-Ntuk, LISC LA Exec Director. “LISC LA expects distributing this targeted economic alleviation to local business across the city and aiding Santa Monica restore its business corridors.”
Eighty-eight percent of the Santa Monica business area is consisted of small businesses. As California proceeds its resuming procedure, grants like the Santa Monica Small Business Recovery Give are important to equipping our local business for an effective recuperation. Give applications can be submitted through Friday, July 30. Services are encouraged to use early. For additional information, please go to www.santamonica.gov/bizgrants.