$4.5 million to be awarded to help small businesses in San Francisco

$4.5 million to be awarded to help small businesses in San Francisco

It also supports small businesses operated by people of color, women, long-standing businesses and storefronts, those most impacted by stay-at-home orders and those excluded from or otherwise unable to access state and federal programs. Over 50 percent of the grant recipients so far are women-owned, and nearly 80 percent are minority-owned small businesses that operate on thin margins. The fund also targets cultural districts including Japantown, Calle 24, SoMa Pilipinas, Transgender, Leather & LGBTQ, Castro LGBTQ, American Indian, and African American Arts and Cultural. Copyright © 2021 Bay City News, Inc.

The mayor said the city’s small businesses are going to lead its economic recovery, and these grants will help make that happen. “From the beginning of this pandemic, when we had to lock down the city to keep our residents safe, we knew that it was going to have a major impact on our small businesses and their employees,” Mayor Breed said in a statement. “That’s why we’ve been doing everything we can as a city, from waiving millions in fees to passing important legislation like Prop H and Shared Spaces.”

The San Francisco Small News Relief Fund will offer grants of $5,000, $10,000, or $25,000. The fund targets small businesses that contribute to neighborhood commercial corridors such as the Bayview, Central Market/Tenderloin, Chinatown, Excelsior, Lower Fillmore and the Mission. The businesses can use the money for rent relief, payroll, equipment, utilities and bills and any other expenses needed to stay open, operate the business, and continue to serve the community. 

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