Financial Assistance for Small Business Owners
The City of Tustin is expanding its efforts to impact the community through the Tustin Cares program and is launching the Tustin Small Business Recovery Grant Program (Program) in partnership with the Orange County/Inland Empire Small Business Development Center (OCIE SBDC). The City is allocating up to two million dollars ($2,000,000) for the Program, which will provide grants to an expected 200 small businesses needing financial assistance in overcoming the temporary loss of revenue due to the COVID-19 pandemic.
Small businesses with a minimum of one (1) employee – not including the owner, and a maximum of twenty-five (25) employees (full or full-time equivalent combination) may be eligible to receive a working capital grant of up to ten thousand dollars ($10,000). The grant may be used for working capital to cover the day-to-day business operating expenses such as rent/lease payments, mortgage payments, payroll and benefit costs, utility expenses, inventory, Personal Protection Equipment (PPE) or other similar expenses that occur in the ordinary course of operations. All eligible businesses are invited to apply.
The Grant Guidelines are now available. Make sure to read them over before the Grant Application window opens on Monday, August 23 at 9:00 AM. The application period will close on Friday, September 3 at 5:00 PM.