North Central News

Grants now available for Phoenix businesses

Small business resiliency grants up to $15,000 are now available for Phoenix businesses through the PHXbizGrants program.

An allocation of $8 million in funds from the American Rescue Plan Act of 2021 by the Phoenix City Council created a program helping micro and small businesses with the pandemic’s economic impact. The PHXbizGrants application portal is now available on the city’s website.

Grant money covers any business expense categorized as a “deductible expense” by the Internal Revenue Service. Companies receiving awards from previous city grant programs are eligible to apply. Payroll, business rent or mortgage payments, insurance, inventory, or utilities were among the uses of previous grant awards. There is no repayment required for grants used for these legitimate business expenses.

Business expenses incurred since March 2021 are eligible for the grant funds.

Micro and small businesses with 25 or fewer workers may apply for PHXbizGrants. Grant awards range from $3,000 to $15,000, depending on the number of employees and the location of the business. Eligibility requires businesses to have operated in Phoenix for at least one year and show a 25 percent loss of revenue due to COVID-19.

The Arizona Community Foundation and Local First Arizona are processing grant applications on behalf of the City. Visit Phoenix.gov/ PHXbizGrants for complete information and a link to the grant application form. For assistance, answers to questions and more information, contact Local First Arizona at PhoenixGrants@LocalFirstAZ.com or call 602-777-7636. Applications will be accepted until April 15, 2022, unless all grant funds are awarded prior to this deadline.

 

 

 

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