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For-Profit Business Grants, RFP's, and Funding Opportunities

Goals

To provide 7-10 additional grants/RFPs/funding opportunities that for-profit businesses can apply for.

Early Findings

The Neighborhood Mini-Grants

  • On April 24, 2020, the Mayor of San Francisco, London Breed in union with the Office of Economic and Workforce Development (OEWD) announced about "$1 million in new funding for mini-grants to independently-owned and women-owned small businesses in underserved commercial corridors."
  • The Neighborhood Mini-Grants is designed to provide funding in the range of $1,000 - $10,000 as urgent economic relief for small businesses and women-owned businesses serving the city who have been impacted by COVID-19.
  • The grants will provide financial support to owner-operated businesses, family-run businesses, women-owned businesses, entrepreneurs of color, and other enterprises in historically underserved communities who may not have employees on payroll or have access to traditional capital.
  • Businesses that will receive the funding include salons, flower shops, gift shops, barbershops, independent contractors, and many other businesses severely impacted by the stay-at-home order or reduced operations due to COVID-19.
  • Neighborhoods included are Bayview, Excelsior, Fillmore, Ocean View-Merced Heights-Ingleside (OMI), and Tenderloin. Applications are already closed for Calle 24 Latino Cultural District, Mission Street, and Japan town.
  • The grant is available for businesses with less than $2.5 million in gross annual receipts, closed/seen a 25% drop in revenue as a result of the coronavirus outbreak.
  • Other conditions include that the business must be a for-profit business, have a current SF business license, and must have been in full operation since at least September 16, 2019. A link to the application portal for the different neighborhoods is provided herein.

Women-Owned Small Business Mini-Grant

City of Oakland Small Business Emergency Grants

  • On March 31st, 2020, the City of Oakland announced the availability of "emergency grants to help vulnerable small businesses weather the impacts of COVID-19. The grants will be administered by Working Solutions, a non-profit Community Development Financial Institution (CDFI)."
  • The SBE Grant Program will provide a rapid response working capital grants of $5,000 to low-income owned enterprise.
  • The grant is designed to cover costs such as worker payroll, outstanding debt, rent and utilities, and other current operational costs.
  • To qualify for the grant, a small business owner must "have an income below 80% of the Area Median Income (AMI), with priority given to very low and extremely low-income business owners (making at or below 50% of AMI). Businesses must be based in Oakland and demonstrate that they have suffered financial loss due to the COVID-19 crisis."
  • Applications are made online at www.workingsolutions.org/oakland-grants. The application is available in English, Vietnamese, Spanish, and Chinese.
  • Business owners can also access the application by visiting OaklandBusinessCenter.com. People with questions are advised to contact adgrants@workingsolutions.org or call (415) 780-1217.

Proposed next steps:

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