STRATEGIC PRIORITY: Economic Development
AGENDA DATE: November 9, 2022
COUNCIL DISTRICT(S): All
DEPARTMENT: Small Business Center Department
EXECUTIVE: Kimberly Bizor Tolbert
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SUBJECT
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Authorize approval of a Program Statement supporting American Rescue Plan Act/Coronavirus State and Local Fiscal Recovery Funds (CSLFRF) funding for the Small Business Assistance Program and the Non-Profit Assistance Program with the intent of providing financial support in the form of a grant for operational expenses, including, but not limited to expenses such as rent, utilities, staff salaries and benefits, product loss, and cleaning supplies incurred between March 3, 2021 and September 30, 2024, and resulting from COVID-19 and/or in response to needs caused by COVID-19 - Financing: No cost consideration to the City
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BACKGROUND
The Novel Coronavirus Disease ("COVID-19") pandemic and its resulting economic impacts have put a strain on many local nonprofit organizations. The City has seen tremendous demand for community social services provided by local nonprofits. City of Dallas nonprofit organizations have experienced negative economic impacts or disproportionate impacts of the COVID-19 pandemic, including, but not limited to, increased service need in the community, and other financial hardships.
On September 22, 2021, City Council approved the Fiscal Year 2021-22 Budget, which authorized the appropriation of $355,426,891.00 from the American Rescue Plan Act in Local Fiscal Recovery Funds, including $16,000,000.00 to provide for City Council (districts) specific needs by Resolution No. 21-1590.
Small business eligible for assistance are those that experienced negative economic impacts or disproportionate impacts of the pandemic. To demonstrate need, applicants will be required to provide documents demonstrating negative economic impacts directly related to the COVID-19 pandemic for the perio...
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