For-Profit Business Grants, RFP's, and Funding Opportunities
Delivered May 6, 2020. Contributor: Toyoabasi E.
To provide 7-10 additional grants/RFPs/funding opportunities that for-profit businesses can apply for.
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 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.
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.
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.
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."