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Business

San Diego opens applications for flood relief small business grants

thedailyposting.comBy thedailyposting.comFebruary 12, 2024No Comments

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The City of San Diego on Monday opened applications for emergency relief grants for small businesses and nonprofits affected by the Jan. 22 floods and subsequent storms.

Business Emergency Response & Resilience Grant provides financial assistance to up to 100 businesses and nonprofit organizations, with up to $2,500 or $5,000 for businesses in federally designated Promise Zones and low-moderate income census tracts. are eligible to receive.

“We are doing everything we can to alleviate the burden on our residents and small businesses from this natural disaster,” said Mayor Todd Gloria. “Getting neighborhood businesses up and running is critical to helping communities recover from devastating damage. We urge business owners to start preparing their applications so these grants can be made available as soon as possible. It is recommended.”

According to the city, expenses eligible for the grant include materials and labor costs for storm cleanup efforts. Repairs and equipment replacements are not covered by insurance. Employee wages. and insurance deductibles.

The program’s budget is $370,000 through the San Diego Small Business Empowerment Program.

To qualify for funding, business owners must “certify they were affected by the storm” and submit a current business tax certificate to the city. Only companies with fewer than 12 employees are eligible.

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