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City of Alexandria Offers $7,000 Small Business Grant Program Through LEDC
The City of Alexandria is offering a lifeline to local small businesses in the form of a $7,000 grant program. Eligible businesses can receive up to $7,000 in grants through the 2024 Small Business Resiliency (SBR) Grant program, administered by the Latino Economic Development Center (LEDC).
The program aims to assist businesses in overcoming challenges in accessing essential resources, with the City of Alexandria emphasizing its commitment to empowering entrepreneurs and nurturing a thriving business environment. To qualify for the grant, businesses must meet certain eligibility requirements, including having 100 or fewer employees, being established and revenue-generating before December 31, 2023, and having business revenue in 2022 or 2023 that did not exceed $250,000.
Non-profits, banks, financial institutions, and gig economy contractors are ineligible for the grant, as are corporate-owned locations, branches, subsidiaries, and franchise businesses unless they are wholly owned and operated within the City of Alexandria. Applications will be accepted through the LEDC website from May 28 to June 18, with priority given to businesses that have not previously received federally funded City grants and those located in census tracts with low indicators of economic activity.
A virtual webinar about the program is scheduled for May 23, from 4-5 p.m., with an in-person meeting set for June 3 at the Charles Houston Recreation Center. This grant program offers a valuable opportunity for local small businesses to receive much-needed financial assistance and support in these challenging times.
