ARP: St. Louis MO, Pledges $5 Million to Help Small Businesses
Idea Category: Jobs and Entrepreneurship | Funding Source: American Rescue Plan
St. Louis Mayor Tishaura Jones is determined to ensure small businesses are able to fully recover from the pandemic. To help them, the city is launching a $5 million Small Business Grant Fund for up to 900 small businesses. The companies will be able to apply – in person or online – for up to $5,000.
The funding can be used for a variety of purposes, including rent, purchasing new equipment, or covering payroll. In order to ensure the grants go out the door promptly, the city is hiring two full-time employees to review the applications, in addition to allocating time from ten current employees to assist in the process.
Another $2.5 million of ARP resources will support a revolving loan fund. This funding will focus on building the capacity of local community development corporations and neighborhood associations to drive equitable, community-driven development.
Update
Since March, St. Louis has conducted a widespread call for applications, hosting events at public libraries and community centers as well as launching an online grant portal. The city has received over 900 applications so far and is seeking 100 more. The first 192 are in the final review and are likely to receive their grants soon. Additionally, Jones signed a bill to target $37 million in ARP funds in North St. Louis to enhance the commercial corridors, support small businesses, and create more jobs to ensure a more equitable recovery in the city.
More Idea’s From Tishaura Jones
St. Louis Mayor Tishaura Jones Releases Neighborhood Transformation Investment Map
Idea Category: Housing, Infrastructure, Transparency | Funding Source: ARP
Mayor Tishaura Jones Announced Grant for Community Services to Find Employment for Unhoused Individuals
Idea Category: Housing, Workforce | Funding Source: ARP
Missouri: St. Louis Mayor Tishaura Jones Released Plan of American Rescue Plan Funding to Improve Street Safety
Idea Category: Infrastructure, Public Safety, Transportation | Funding Source: ARP
ARP: Mayor Tishaura O. Jones Signs Bill to Improve Public Safety, Creating Office of Violence Prevention and Dedicating Nearly $14 Million ARP funds to Community, Youth Programming
Idea Category: Public Safety | Funding Source: ARP
ARP: St. Louis gives dozens of child care providers a total of $1.7M, with more on the way
Idea Category: Child Care | Funding Source: ARP
ARP: St. Louis Mayor MO, Passed a Plan to Allocate $47.2 Million in American Rescue Plan Funding to Reduce Traffic Violence
Idea Category: Public Safety | Funding Source: ARP
ARP: St. Louis MO, Signed a Bill to Use American Rescue Plan Funds for Abortion Access
Idea Category: Healthcare | Funding Source: ARP
ARP: St. Louis MO, Determined to Keep Residents In Their Homes
Idea Category: Housing | Funding Source: ARP
ARP: St. Louis MO, Youth Engagement & Violence Prevention
Idea Category: Criminal Justice, Equity & Opportunity | Funding Source: ARP
St. Louis creates LGBTQIA+ Advisory Board to guide city initiative
Idea Category: Equity & Opportunity | Funding Source: ARP
Employment Financial Empowerment Lunch and Learn Series (EFELLS)
Idea Category: Safety Net | Funding Source: ARP
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