Sunday, April 21, 2024

Argyle offering $250k in small business grants

The town of Argyle has launched a Small Business Grant program to provide financial support to small business owners in Argyle that were impacted by the COVID-19 pandemic.

The town used funding it received from the federal 2021 American Rescue Plan Grant to dedicate $250,000 to support eligible small businesses, according to the town website. The grants will range from $5,000 to $25,000, and maximum grant amount is based on annual revenue (gross receipts and sales) in 2020. The funds must be used for business-related expenses, including payroll, working capital, business rent, inventory, supplies, equipment and other operating costs.

The town began accepting applications online on March 13, and the deadline to apply is 5 p.m. April 3. Applications will be reviewed from April 10 through May 8, and all grants will be awarded by May 31.

For eligibility requirements, a list of required documents, information about how to apply for the program and more, click here.

Mark Smith
Mark Smith
Mark Smith is the Digital Editor of The Cross Timbers Gazette.

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