Wells Fargo Invests $250,000 in New York City Small Business Grant Program

Neighborhood businesses have a huge impact on the economies of cities like New York and Los Angeles. But many of these companies are struggling due to the pandemic, staff shortages and supply chain issues. To combat these problems, many cities and counties offer small business grant programs. Opportunities lie here in multiple cities, from Savannah to Peoria.

CitizensNYC Neighborhood Business Grant Program

Citizens Committee for New York City (CitizensNYC) and Wells Fargo team up on a new round of funding for small businesses. Wells Fargo is investing $250,000 in the CitizensNYC Neighborhood Business Grant program, which provides micro-grants of up to $10,000 to the city’s small businesses. The program prioritizes businesses owned by people of color, immigrants and women. Applications are accepted continuously until the summer.

Los Angeles Small Business Rental Tool

The City of Los Angeles Small Business Rental Assistance Program offers grants of up to $15,000 to eligible city businesses. To qualify for aid, businesses must have a physical store within the LA city limits and earn less than $5 million in annual revenue. Companies must also have experienced pandemic-related hardship and demonstrate that funds will be used for recovery efforts. The application deadline is May 6. Companies interested in this program should therefore apply immediately.

Savannah Small Business Recovery Grant

Savannah’s Small Business Recovery Program supports local small businesses affected by the pandemic. Funded by the United States Department of Housing and Urban Development, eligible businesses with fewer than ten employees can apply for grants of up to $10,000. Applications are now available at the Pennsylvania Avenue Resource Center, Savannah Entrepreneurial Center, and Moses Jackson Advancement Center.

Peoria RISE

The RISE grant program of Peoria, Illinois stands for Recovery, Income, Startup, Expansion. Companies that have been hit by the pandemic can apply for up to $50,000 in funding. Grant applications can cover the four categories listed in the program’s name: recovery, income, startup, and expansion. So eligible uses could include things like opening a new storefront or expanding to a new location. June 10 is the deadline to apply for funding online.

Any County Small Business Grant Program

Elk County, Pennsylvania is making funds available to local small businesses through a new American Rescue Plan Act grant program. The Aid to Small Businesses Grants program supports businesses negatively affected by the COVID-19 pandemic. These dollars are specifically reserved for the smallest businesses in the community, including those with five or fewer employees. Grants range from $1,000 to $5,000. Applications must be submitted to the Commissioner’s Office by 15 June at the latest.

Ban ARPA grants

Banning, California is setting aside $350,000 of its American Rescue Plan Act funds for a small business grant program. To be eligible, companies must be physically located in Banning, have 25 or fewer employees, and be in business for at least six months. Grants can cover operating costs, website development, labor, inventory or new capital purchases. The city originally wanted to set aside money for improvements to the storefront. But companies must meet the qualifications set by the federal government. The municipality is still developing the program. But applications are expected to be available soon.

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