x
Breaking News
More () »

How small businesses in St. Louis can apply for grants

Mayor Lyda Krewson announced a nearly $64 million relief package related to COVID-19 which included a $4 million grant fund for small businesses

ST. LOUIS — The St. Louis Development Corporation began accepting applications from small businesses interested in applying for financial assistance through a new program on Wednesday.

Last week, St. Louis Mayor Lyda Krewson announced a nearly $64 million relief package related to COVID-19 in the St. Louis area.

Part of the package is a $4 million Small Business Grant Fund to assist small businesses in the city that have been impacted by stay-at-home orders, according to a press release. The grant amounts will be $5,000.

The small business fund is subject to approval by the Board of Alderman and the Board of Estimate and Apportionment, the release said.

Click here to apply for a grant.

Fifty percent of the available funding will be reserved for businesses located within areas designated as Promise Zones, Opportunity Zones and Neighborhood Revitalization Stabilization Areas, according to the release.

RELATED: St. Louis mayor announces $64M funding package related to COVID-19

To be eligible for these grants, businesses:

  • Must have 25 or fewer employees (as of March 19, 2020)
  • Must have a physical presence in the City of St. Louis
  • Must have closed or been significantly impacted as a result of COVID-19 and the City’s Stay Home – Essential Activities Only Order, Health Commissioner’s Order No. 5”
  • Owners do not have a conflict of interest (no City employees or immediate family)
  • Does not discriminate per City of St. Louis ordinances
  • Must have had a current business license as of March 19, 2020
  • Must be current on all City taxes as confirmed by the Collector of Revenue’s office
  • Must not have received federally funded COVID-19 funding through SBA (PPP,EIDL)

The following businesses are not eligible for the program:

  • Nonprofit Organizations
  • Banks & Financial Institutions
  • Law Firms & Attorneys
  • Physicians, Dentists, Surgeons, Optometrists, Chiropractors, & Veterinarians
  • Insurance Brokers & Agents
  • Real Estate Brokers & Sales Agents
  • Architects, Engineers, Land Surveyors
  • Nursing Homes

RELATED: Some St. Louis businesses permanently close due to COVID-19

More Local News

Before You Leave, Check This Out