BERNA
SAN
OF
Small Business Grant Program
Round Two: Proposed Award Amount Increase
Presented by: Ken Chapa
Director of Economic Development
Small Business Grant Program
DUNDED IN 1910
• Background
• Small Business and Non-Profit Grant Program
• Recommendations for Program Enhancement
• Questions & Discussion
2 Overview
BUNDED MY 1880
In February 2022, Council approved Resolution 2022-26 which directed staff to allocate ARPA funds:
• $4 Million to develop a Small Business and Non-Profit Grant Program • $1 Million for Entrepreneurial Resource Center (ERC)
• August 2, 2023
• Council approved the reassignment of $873,700 from the Small Business Grant Program to the ERC to enhance the education and training resources available to the community.
• The ERC provides training and education to small businesses and entrepreneurs and houses the regional Small Business Development Center which plays a critical role in reviewing and preparing potential applicants for Grant Program
3 Small Business Grant Program
ELIGIBLE BUSINESS GROSS GRANT AWARD AVAILABLE
REVENUE PER BUSINESS
First Round - $3 Million Allocation
Annual gross revenue $1,000 to $10,000
• Opened on October 10, 2022 $100,000
Annual gross revenue greater $20,000
• Closed on December 12, 2022 than
$100,000 up to $1,000,000
Annual gross revenue greater $35,000
• Qualified Applicants could receive than $1,000,000 up to $2,500,000 between $10,000 - $35,000
ELIGIBLE NON-PROFIT GROSS GRANT AWARD AVAILABLE
REVENUE PER NON-PROFIT
Annual gross revenue greater than $10,000
• $2 Million earmarked for eligible for- $100,000 up to $250,000 profit small businesses Annual gross revenue greater than $15,000 $250,000 up to $500,000
• $1 Million earmarked for eligible non- Annual gross revenue greater than $25,000 $500,000 up to $1,000,000
profit businesses $35,000
Annual gross revenue greater than
$1,000,000
4 Small Business Grant Program
BUNDED I 189
• First Round - Results:
• Over $2,575,000 awarded to 105 qualified applicants
87 For-Profit Small Businesses
• 18 Non-Profit Businesses
• Grants were used for a variety of critical needs including:
• Working Capital and Payroll Expenses
• New Furniture, Fixtures, and Equipment
Maintenance and Upgrades to existing Equipment
• Marketing
• Certifications/Licenses
5 BERN
Small Business Grant Program
10 Inland Empire Autism Assessment Center
Awarded $35,000
Funds were used to pay rent expenses
San Bernardino DATE: 4/17/2023
lEAACE $35,000
ORDER OF
Thirty Five Thousand /100
FOR ARPA GRANT City ot San Bernardino
6 BERN
SAN Small Business Grant Program
BUNDED IN 1910
Viva La Boba
Awarded $25,000
Funds were used for payroll, to purchase new
equipment, and to make repairs to existing
San Bernardino
DATE: 4/17/2023 equipment
PAYTOTHE Viva La Boba
ORDER OF
$ 25.000
Twenty Five Thousand /1oo
DOLLARS
FOR ARPA GRANT
City of San Bernardina
7 BERNA
SAN Small Business Grant Program
10 BUNDED IN 1910
Project Fighting Chance
Awarded $10,000
Funds were used for payroll, utilities,
inventory management, and marketing
DATE: 4/17/2023...
San Bernardino
$ 10.000
Project Fighting Chance
PAY TO THE DOLLARS
ORDER OF 0/100
Ten Thousand
ardina
City + San B.
ARPA GRANT
FOR
8 Small Business Grant Program
DUNDED IN 1910
Second Round - $551,300:
• March 6, 2024, Council approved Staff
to allocate the unspent funds from the
ELIGIBLE BUSINESS GROSS GRANT AWARD AVAILABLE PER
Small Business Grant Program to fund REVENUE BUSINESS
Round Two of the Small Business Grant Annual gross revenue under $5,000 $50,000
Program.
Annual gross revenue equal or $10,000
greater than $50,000 up to
• Council approved grants awards in the $2,500,000
amounts of $5,000 and $10,000
dependent, upon the applicant's gross
revenue.
• Program Opened on May 1, 2024
9 Small Business Grant Program
• Second Round:
• Opened on May 1, 2024
29 applications have been identified as qualified and
are currently eligible to receive grant awards.
• Grants will assist these businesses with items such as:
Maintaining and upgrading existing equipment
• Marketing/Website Maintenance
• New Furniture, Fixtures, and Equipment
• Inventory Management
• Re-employ previously downsized employees
• Security Systems
10 Small Business Grant Program
Based on the quality of the applications and the Recommended Awards:
types of projects the prospective grant awardees ELIGIBLE BUSINESS GROSS GRANT AWARD AVAILABLE have been outlining in their applications, staff REVENUE PER BUSINESS requests that Council consider increasing the Annual gross revenue under $10,000 award amounts in the program's second round. $50,000
This will allow the program to provide a Annual gross revenue equal or $20,000 maximum impact to the San Bernardino Small greater than $50,000 up to Business Community. $2,500,000
11 Recommendation
DUNDED IN 1910
It is recommended that the Mayor and City Council direct staff to increase the individual grant award amounts for the Small Business Grant Program, Round Two from $5,000 & $10,000 to $10,000 & $20,000 for eligible applicants.
12 Questions?
13