Fort Worth Announces Second Round of Grants for Businesses Affected by the Pandemic
The city of Fort Worth is preparing to launch another round of grants meant to assist businesses impacted by the COVID-19 pandemic.
With nearly $9 million left in its business-related CARES Act allocation, applications for the second round of "Preserve the Fort" business grants will soon open. Robert Sturns, director of economic development for the city of Fort Worth, said they’re aiming to open applications no later than Sept. 8.
“We’re trying to sustain as many businesses as we can,” Sturns said. “We don’t know what the next two, three, four months are going to look like for our small businesses.”
During the first round of grants, the city distributed $6.2 million to 842 businesses in Fort Worth. Of the companies that applied, 95% were businesses with 25 employees or fewer.
“This round, we’re really trying to get more of the mid-sized companies, up to a max of 500 employees. We also have a focus on the bars and music venues that were closed per the governor’s orders,” Sturns said. “They have not had really any income coming in, other than those that have been able to pivot to doing some type of hybrid of food and beverage sales.”
Click here for the full article and details on the grant and eligibility.