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American Rescue Plan Act grants available for Waco small businesses

Waco
Posted at 2:55 PM, Aug 31, 2022
and last updated 2022-08-31 19:53:22-04

WACO, Texas — Applications for the city of Waco's small business support program are now available.

Funded using American Rescue Plan Act and TIF dollars, the grant program is targeted at local small businesses with less than 25 employees in hopes of easing the burden of economic instability, COVID-19 and construction.

The program is in its pilot stage, focusing on East Waco businesses. The program is set to open to other neighborhoods in the coming months.

"I would anticipate us assisting at least 10 to 15 businesses during this pilot phase, if not more," said Galen Price, director of housing and community development for the city.

The city is providing up to $80,000 to eligible businesses.

More information about the grant program is available on the 'We All Win' page on the city's website.

In order to qualify, the applicant must prove one of the HUD eligibility guidelines laid out by the city on the website.

The pilot phase's application deadline is September 19, with funding being distributed as early as late October.