Alexandria says $7,000 in small business grants are up for grabs

The City of Alexandria said $7,000 in assistance is available to each eligible local small business through a grant program.

Eligible businesses can receive up to $7,000 in grants through the 2024 Small Business Resiliency (SBR) Grant Program.

“The program is administered by the Latino Economic Development Center (LEDC) and aims to help businesses overcome challenges in accessing essential resources,” the city said in a news release. “The city’s contribution underlines its commitment to empowering entrepreneurs and nurturing a thriving business environment.”

According to the LEDC website, the eligibility requirements are:

  • Have one or more location(s), including its principal place of business, in the City of Alexandria.
  • Have 100 or fewer employees.
  • Established and generating income before December 31, 2023.
  • Have a business turnover in 2022 or 2023 that does not exceed $250,000.
  • Have a “good reputation”.
    • Be aware of all local taxes or arrange a payment plan with the City of Alexandria.
    • There are currently no bankruptcy proceedings underway.

Nonprofit organizations, banks, financial institutions, and gig economy contractors are all ineligible, as are locations, branches, subsidiaries, and franchises of businesses unless those businesses are wholly owned and operated within the City of Alexandria.

On the grant website you will find a list of documents required to submit an application.

Applications will be prioritized by those who have not previously received federally funded city grants and by those located in census tracts with low indicators of economic activity.

“Applications will be accepted via the LEDC website from Tuesday, May 28 through Tuesday, June 18,” the release said.

A virtual webinar about the program is scheduled for Thursday, May 23 from 4:00 PM to 5:00 PM. An in-person meeting is scheduled for Monday, June 3 at the Charles Houston Recreation Center (901 Wythe Street).

Photo via Richard Balog/Unsplash