Fort Worth to provide small businesses grants from the CARES Act
ByFunAsia 06 Nov 2020 10:38 AM 85
aqua

Nationwide Unemployment benefits are still on a higher side as compared to pre-pandemic levels.


According to the Latest claims, another 751,000 Americans filed for jobless benefits for the first time last week.


Tarrant County provides small business grants to keep employees on the payroll, but their deadline is coming up.


Maverick Western Wear and Gifts in the Fort Worth Stockyards remained open for business.


Its owners stated that it wasn't easy to continue running, bearing months of pandemic challenges.


Gayle Hill said, "I can't say where we'd be if it weren't for the help we've been getting financially."


A PPP loan helped the gift shop initially; then, the shop realized more federal assistance via the city of Fort Worth's Preserve the Fort Grant Program.


Hill added, "I don't think we could've survived without it, particularly, we were able to keep our employees all employed, as well, paying some of them for not working."

After the pandemic, the city's grant program helped more than 1,400 small businesses with 25 or fewer employees.


Fort Worth Mayor Betsy Price said, "We've got $60 million allocated, and we've got $45 million of it already in the hands of small businesses."


The city's economic development director, Robert Sturns, oversees the program's disbursements.


He said the need among small businesses, like Maverick Western Wear, is significantly significant.


"We're going to end up with a situation where we are not going to be able to fund everyone, and again, that number is fluctuating so, some of those may be ineligible, or maybe the estimated amount is less than what we projected," he explained.


Related News
aqua