Small Business Assistance Grant Program
Summary
The Urban Renewal Agency is developing micro, small-business, and pre-development loan programs to close financing gaps for newer and underserved businesses in TIF areas, addressing approval disparities for minority- and young firms. Councilors were supportive; details come back later this year.
At a glance
- Total mentions
- 3
- Last 30 days
- 0
Last discussed Aug 5, 2026.
Impact analysis
The Strategic Investment Plan authorized $5.3 million for the Core Area, $6 million for Juniper Ridge, and $1.5 million for Murphy Crossing in loans and grants.
Newer, smaller, and underfunded businesses that cannot obtain conventional financing, including minority-owned firms.
Mentions & discussions (3)
City Council Business Meeting - Aug 5, 2026
The Urban Renewal Agency is shaping new grant and loan programs — tenant improvements, facade grants, small business loans — aimed at filling gaps banks won't cover, with adoption expected September 2.
City Council Business Meeting - May 20, 2026
Businesses can soon apply for grants — $100,000 is earmarked for economic development projects and $30,000 for climate and sustainability work this biennium. Applications open in June-July with awards decided in early fall.
City Council Business and BURA Meeting - May 6, 2026
The Urban Renewal Agency is developing micro, small-business, and pre-development loan programs to close financing gaps for newer and underserved businesses in TIF areas, addressing approval disparities for minority- and young firms. Councilors were supportive; details come back later this year.
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