Good news! Hopefully some relief for our local Saginaw businesses is on the way. For the past few months, the City of Saginaw Economic Development staff worked with Tarrant County on a Small Business Assistance Grant Program. The Tarrant County Commissioner Court approved this program during the first week of June and information on the grant program is now available on the Tarrant County website at http://smallbusiness.tarrantcounty.com. The online application will be open on June 22 at 10:00 a.m. through July 1 at 6:00 p.m.
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 and most likely have found it difficult to apply and access other federal grants or loans through the SBA or traditional banks and lending institutions. This grant program is aimed at assisting small businesses with the costs of business interruption caused by required closures. The dollar amount of individual grants will be determined by the financial 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 Commissioners Court has allocated an amount of $30 million in CARES Act funds to the Small Business Assistance Grant Program for grant funding purposes.
We are encouraging businesses to take this time to read the information, requirements and guidelines for the grant and to assemble, prepare and scan their documentation for upload with their application. Again, the grant program is now available on the Tarrant County website at http://smallbusiness.tarrantcounty.com. The online application will be open on June 22 at 10:00 a.m. through July 1 at 6:00 p.m.