The City of Austin has posted preliminary metrics taken from applications for the Small Business Relief Grant Program, which closes tomorrow, July 24 at 5PM. As of Tuesday evening, July 21, there were 1,333 applicants. 67% of these businesses have been partially operating during the pandemic, 22% have been completely closed, and 11% have been fully operational. The vast majority (784 applicants) are LLC’s, with 231 being sole proprietors and 237 operating under a different business structure. 1,105 applicants have received some other form of recovery funding, reporting an average of 6.9 employees with an average annual revenue of $974,000.
44% of businesses applying for funding have been in business for five years or under, 24% for six to ten years, 17% for ten to twenty years, 10% for over twenty years, and 4.35% for less than a year. 49% of executives applying are white, 18% are Asian, 14% are Hispanic/Latino, 7% are Black/African American, and 5% prefer not to answer. 700 executives are male and 606 are female. 440 applicants are between the ages of 30-39, 436 are between the ages of 40-49, 255 are between the ages of 50-59, 139 are over 60, 55 are between the ages of 20-29, and 8 prefer not to answer.
The top ten industries applying for the grant are, in order: Restaurants, Commercial Kitchens, Bars (268); Personal Care Services such as Barbers, Salons, Nail Salons, etc. (149); Arts, Entertainment, Recreation (145); Other Services (137); Retail (118); Health Care and Social Assistance (112); Professional, Scientific, and Technical Services (77); Educational Services (70); Information, Software, Telecommunications, Media, etc. (43) and Finance, Insurance, Real Estate Rental and Leasing (42).
You still have a little over 24 hours to apply for this grant. If you are unsure if your business qualifies, take a minute to go over the eligibility criteria and grant FAQ, which has been updated with a list of questions received from businesses (refresh your browser window!) This page also contains charts of the metrics mentioned above. If you still have questions after reviewing the grant information page, don’t hesitate to reach out to the Better Business Bureau, who is administering the grant. They can be reached at 512-318-2683 and email@example.com. You can also reach out to us at for assistance at firstname.lastname@example.org .
Gather your documentation, take a deep breath, and good luck!
Good news for small businesses suffering financial hardship due to COVID-19! On July 7th, applications opened for the City of Austin’s Small Business Relief Grant program, which provides assistance of up to $40,000 per qualifying business to be used for rent, payroll, and other approved expenses incurred between March 1 and July 7, 2020. $16.5 million in federal funding from the CARES Act has been set aside for this program.
To be eligible, businesses must be able to demonstrate an economic loss associated with the COVID-19 pandemic, have been in continuous operation for at least two years, have under $5 million in annual revenue, be located within a City Council District, provide one year of federal tax returns, and have fewer than 25 full-time equivalent employees (full time = 30+ hours/week, and two half-time employees would count as one full-time equivalent employee.) The grant is open to businesses operating under various business structures such as partnerships, sole proprietorships, LLCs, cooperatives, etc. Businesses who aren’t eligible include those engaged in multi-level marketing, lobbying, those who receive more than one third of their annual revenue from gambling, religious institutions, businesses debarred from contracting with the federal government, government entities, individuals, and nonprofits (there is a separate City grant for nonprofits, up to $20k.) Full-time City of Austin employees are not eligible for the Small Business Relief Grant.
Eligible expenses include rent, payroll, facility and business modifications for safety compliance, PPE, sanitation and cleaning, inventory, business insurance, technology, business adaptation and worker training, operational costs, and more. The grant does not cover lost sales or sponsorships, merchandise sold for marketing purposes, or costs that have been paid for by other COVID-19 grants or loans.
Applications will close at 5pm on July 24, and no priority is given to early applicants. Half of the applications will be evaluated according to a scoring matrix, and the other half will be distributed according to a lottery. For more information about the scoring matrix and detailed eligibility criteria, visit https://www.austintexas.gov/department/austin-small-business-relief-grant. For complete resources on Covid-19 recovery, visit www.atxrecovers.com.
AIBA and the Local Economies Council are working with the City and the Better Business Bureau, the administers of the application and selection process, to get information and assistance to local businesses in Austin. Please reach out to us at email@example.com or 512-441-2123 with questions or if you need technical assistance in completing the application.
We are pleased to announce that Manor Road is joining the IBIZ Districts Program! Close to campus but far enough away to have its own distinct flavor, Manor Road has become a favorite destination for restaurants, patio happy hours, and artful entertainment, including the east side’s first community theatre. The district runs from Salina Street at the west to Alexander Avenue on the east, with a largely residential area separating it from Airport Boulevard.
Manor represents a world of food tradition: Southern comfort food, Mediterranean, Thai, Mexican, Tex-Mex, Italian, Peruvian… You will find farm-to-table concepts, a restaurant with its own butcher shop, an award-winning bakery, famous Austin ice cream, freshly squeezed juices, shaved ice, biscuit sandwiches, burgers, and a patio coffee shop, as well as neighborhood bars where you can find real food, craft brews, creative cocktails, a range of authentic mezcal and tequila, and all the old favorites– variously coupled with conversation nooks, ping pong, hula hooping, corn hole, air hockey, and even–in case you get bored–TV. Not to mention parking, which actually exists in this district!
Manor Road also has apartments, convenience stores, automotive services, a head shop, organic apparel for kids, media post-production, waxing, bookkeeping, and tax services, so you can take care of business here and not just go out for food and drinks all the time… not that you shouldn’t!
All locally-owned businesses in the Manor Road IBIZ District are members of AIBA, making it a Premiere District– the first in the IBIZ Districts Program. A special shout-out to the first IBIZ Premiere Merchants who led the way: Amy’s Ice Creams, the El Chile Group (El Chile, El Chilito, Yuyo), Hoover’s Cooking, Planet K, and The Vortex. Thank you!
To stay in the loop with Manor Road and help build community, please follow their social media (Facebook, Twitter) and use the hashtags #ManorRdIBIZDistrict and #AustinIBIZDistricts.
Let’s give a warm welcome to the Manor Road IBIZ District!