Business Improvement District (BID) / COVID-19
Oct 27, 2020
Tarrant County now accepting Small Business Assistance Grant applications from Oct. 26-Nov. 10
Earlier this summer, the Tarrant County Commissioners Court allocated $30 million in CARES Act funding for a Small Business Assistance Grant program to assist Small Businesses within Tarrant County, but outside the City of Fort Worth (the City of Fort Worth has separate CARES Act funding allocated for Small Businesses within Fort Worth municipal boundaries).
Grant applications for the initial round of funding closed on July 6, 2020. The review and awarding of these initial applications is now complete. Through the first round of funding, Tarrant County provided 2,196 small businesses with grant awards totaling $17.6 million of the original $30 million designated for the program.
Second Round of Grants Available
In order to assist additional Small Businesses in our community, new applications for the Small Business Assistance Grant are now being accepted. The deadline to apply is November 10, 2020 at 6 p.m.
Click here for more information and to apply.
The Tarrant County Small Business Assistance Grant program is designed to provide financial assistance to very small businesses located and operating in Tarrant county (outside the City of Fort Worth) 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.
Grant funding is limited to businesses who meet certain criteria, including:
- A small business with 25 or less employees
- Located within Tarrant County, outside the City of Fort Worth
- A for-profit business open and operating in Tarrant County as of January 1, 2020
- Business was closed or partially closed due to COVID-19
- Business shows a reduction in revenue or an increased loss from COVID-19
- Applications limited to one (1) business per owner(s)
For the Second Round of funding, independently owned and operated (non-franchisor owned) franchise businesses have now been included as an eligible business.
Businesses/Owners receiving a previous Tarrant County Small Business Assistance grant award will NOT be eligible for another grant award in the second round. Owners with more than one business who received grant funding for a business in the first round will NOT be eligible to receive grant funds for a different business in the second round.
Need assistance? The City of Arlington can help.
Need help scanning documents or have questions about the application? Attend a help session hosted by the City of Arlington on the following dates:
- Oct. 29 from 2 to 4 p.m.
- Nov 6 from 2 to 4 p.m.
- Nov 9 from 2 to 4 p.m.
All help sessions will be held at the George W. Hawkes Downtown Library. Call 817-459-6155 for more information.
Shared in partnership with the City of Arlington.