Alhambra Small Business Grant Program to Ease Pandemic Effects – Pasadena Star News
In an ongoing effort to try and help the local economy through the tough times brought on by the coronavirus pandemic, the city of Alhambra recently passed a small business relief grant program to help mitigate its effects.
Approximately $150,000 of funds will go to small business owners at $5,000 each, which can be used for overhead, rent and utilities, day-to-day expenses and more. Some 27 companies are expected to receive the payments, with the remaining $15,000 being used for program delivery.
The resolution to take previously unused federal coronavirus-related funds distributed by the Department of Housing and Urban Development and transfer them from the Community Development Block Grant program under CDBG-CV (coronavirus) for this program passed by vote 5-0 on March 14. Online applications are available on the city’s website, which also contains all eligibility requirements.
One of the main requirements is that the respective companies must meet HUD’s criteria for low-income benefits. For a full list of eligibility requirements and to apply, go to www.cityofalhambra.org/606/Small-Business-Assistance-Grant. The deadline is April 14 at 5 p.m.
Mayor Jeffrey Maloney said it was important that it passed.
“Our local businesses and our small businesses, our family shops in Alhambra, are really kind of the life blood and part of the identity of our local economy,” he said. “Especially restaurants and other small businesses like that, they are so important to what makes Alhambra a special community.
“So $5,000 might not seem like a lot, but for some of these businesses that are struggling to make ends meet, to source, to pay their employees, it could really give them that extra leeway for a month or two, which helps them get over the bump.