The City of Corpus Christi’s Office of Economic Development and LiftFund, Inc. have partnered to launch the Drought Resiliency Workforce Stability Grant Program.
According to a recent press release, 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 affected by the drought restrictions.
Eligible businesses may receive up to $50,000 to cover payroll and retain existing employees and contractors, but they have to meet certain requirements, such as:
- 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% decline in revenue or workforce due to Stage 3 restrictions
- Be directly affected by the current drought restrictions.
An interest form is available here. Applications will remain open until all funds are exhausted, and will be reviewed on a first-come, first-served basis.
“When small business owners face challenges like this, it can be a tipping point between success and setback in their long-term goals,” LiftFund CEO Amy Hereford said. “Through this new grant program, we ensure 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.”
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,” Type B Corporation Chair Alan Wilson said.
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