The Tarrant County Small Business Assistance Grant Program has been established by the Tarrant County Commissioners Court to utilize $30 million in CARES Act funding to provide grants to Tarrant County small businesses who have been financially impacted by the COVID-19 public health emergency, with $6 million (20%) of this funding allocated for businesses with 51% Minority, Woman or Veteran ownership. The dollar amount of individual grants will be determined by the information provided, the number of eligible grant applications received and the funding pool available, with no individual grant being more than $10,000.
The Tarrant County Small Business Assistance Grant program is designed to provide financial assistance to very small businesses that have been adversely affected by the current COVID-19 public health emergency. This is geared towards businesses that have most likely found it difficult to apply and access other federal grants or loans through the SBA, traditional banks and lending institutions. This grant program is aimed at assisting small businesses with the costs of business interruption caused by required closures.
Applications are open June 22 at 10 a.m. through July 1 at 6 p.m. Please take this time to read over the requirements and documentation that will be necessary to complete your application.
Grant funding is limited to businesses who meet certain criteria, including:
- A small business with 25 or less Full-Time Equivalent employees
- Located within Tarrant County, outside the City of Fort Worth
- A for-profit business in operation in Tarrant County as of January 1, 2020
- Applications limited to one (1) business per Owner(s)
- Business was closed or partially closed due to COVID-19
- Business shows a reduction in Net Profit or an increased Loss from COVID-19
Learn more at smallbusiness.tarrantcounty.com
Feature image courtesy of the City of Arlington