Drought Resilience Program Aims to Support Small Businesses
CORPUS CHRISTI, TEXAS (News Release) – The City of Corpus Christi’s Office of Economic Development and LiftFund, Inc. have partnered to launch the Drought Resilience Workforce Stability Grant Program to assist businesses impacted by the ongoing drought.
The program, funded in collaboration with the City of Corpus Christi Type B Corporation and administered by LiftFund, has dedicated $2 million in funding to support local small businesses. Eligible businesses may receive up to $50,000 to cover payroll and retain existing employees and contractors.
To be eligible, businesses must:
Be located within the Corpus Christi city limits
Have been operational for at least 12 months before applying
Demonstrate continuous business activity
Employ a minimum of one full-time employee
Exhibit a 20 percent decline in revenue or workforce due to Stage 3 restrictions
Be directly affected by the current drought restrictions.
An interest form is available at https://info.liftfund.com/acton/media/32698/corpus-christi-drought. Applications will remain open until all funds are exhausted. Applications will be reviewed on a first-come, first-served basis.
LiftFund and the Office of Economic Development will host bilingual, virtual information sessions on Wednesday, March 12, and Thursday, March 20, to share more information about the program, including eligibility, required documents, and timeline.
“Given the serious consequences on certain small businesses, this was an effort to support them through this very difficult time,” said Alan Wilson, Chair of the Type B Corporation.
“When small business owners face challenges like this, it can be a tipping point between success and setback in their long-term goals,” said Amy Hereford, LiftFund CEO. “Through this new grant program, we’re making sure they don’t lose momentum. Small businesses often have small margins, so those efforts provide vital support and make a transformative impact at a pivotal moment.”
For more information or to apply, contact LiftFund, at 1-800-923-9551 or email sbgrants@liftfund.com.
