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Research Outline
Prepared for Jesse | Delivered May 6, 2020
For-Profit Business Grants, RFP's, and Funding Opportunities
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Goals
To provide 7-10 additional grants/RFPs/funding opportunities that for-profit businesses can apply for.
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Early Findings
The Neighborhood Mini-Grants
On
April 24, 2020
, the Mayor of San Francisco,
London Breed
in union with the Office of Economic and Workforce Development (OEWD) announced about "
$1 million
in new funding for mini-grants to independently-owned and women-owned small businesses in underserved commercial corridors."
The
Neighborhood Mini-Grants
is designed to provide funding in the range of
$1,000
-
$10,000
as urgent economic relief for
small businesses and women-owned businesses
serving the city who have been impacted by COVID-19.
T
h
e
grants will provide financial support to
owner-operated businesses
, family-run businesses, women-owned businesses, entrepreneurs of color, and other enterprises in historically underserved communities who may not have employees on payroll or have access to traditional capital.
Businesses that will receive the funding include
salons, flower shops, gift shops
, barbershops, independent contractors, and many other businesses severely impacted by the stay-at-home order or reduced operations due to COVID-19.
Neighborhoods included are
Bayview, Excelsior, Fillmore
, Ocean View-Merced Heights-Ingleside (OMI), and Tenderloin. Applications are already closed for Calle 24 Latino Cultural District, Mission Street, and Japan town.
The grant is available for businesses with less than
$2.5 million in gross annual receipts
, closed/seen a
25% drop in revenue
as a result of the coronavirus outbreak.
Other conditions include that the business must be a
for-profit business
, have a current SF business license, and must have been in full operation since at least September 16, 2019. A link to the application portal for the different neighborhoods is provided
herein
.
Women-Owned Small Business Mini-Grant
The Office of Economic & Workforce Development San Francisco is also offering a
$2,000 grant for women-owned small businesses
affected by the COVID-19 pandemic.
The San Fransisco
Women’s Entrepreneurship Fund
team will review applications and hand out the available funding. Application for the funding is on until
May 8, 2020, at 5 pm
.
Eligibility criteria include that the business
must be 100% women-owned
, have up to five employees, be a
for-profit business
, and must be a family child care business or a non-essential business.
Other eligibility criteria are provided
herein
.
Required documents during the application process include
completed and signed W-9
, SF business license, and registration, and business reopening or recovery plan.
The city of San Fransisco
reopening plan template
and a link to the application portal is provided
herein
.
City of Oakland Small Business Emergency Grants
On
March 31st, 2020
, the City of Oakland announced the availability of "emergency grants to help vulnerable small businesses weather the impacts of COVID-19. The grants will be administered by
Working Solutions
, a non-profit Community Development Financial Institution (CDFI)."
The SBE Grant Program will provide a rapid response working capital grants of
$5,000
to low-income owned enterprise.
T
h
e
grant is designed to cover costs such as
worker payroll, outstanding debt
, rent and utilities, and other current operational costs.
To qualify for the grant, a small business owner must "have an income below
80% of the Area Median Income
(AMI), with priority given to very low and extremely low-income business owners (making at or below
50%
of AMI). Businesses must be based in Oakland and demonstrate that they have suffered financial loss due to the COVID-19 crisis."
Applications are made online at
www.workingsolutions.org/oakland-grants
. The application is available in
English, Vietnamese, Spanish, and Chinese
.
Business owners can also access the application by visiting OaklandBusinessCenter.com. People with questions are advised to contact
adgrants@workingsolutions.org
or call
(415) 780-1217
.
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