July 29th 2023.
The city of Boston is thrilled to announce a huge grant that will help revitalize empty storefronts throughout the city. Thanks to the American Rescue Plan, 24 local business owners will be receiving assistance totaling up to $2.8 million to expand to vacant storefronts.
In partnership with the city’s Supporting Pandemic Affected Community Enterprises Grant (SPACE), three-quarters of the businesses receiving funds are minority-owned or women-owned. Mayor Michelle Wu expressed her excitement about the diverse stories being brought to life, saying, “These first 24 recipients each have an incredible story of entrepreneurship, from immigrants sharing their culture through food to daycares filling a need seen in many of our communities.”
The first round of grants goes to businesses within industries like retail, art, bars, food, and daycare centers. For some business owners, this will be their first storefront, while others like Dawne Brown, who owns a daycare, will use the funds to expand her business. She said, “When I got the grant I just started to cry. I’m so appreciative.”
All grant winners will be awarded between $40,000 and $200,000 over the next three years, depending on their business needs. With over 350 applications submitted, the city’s Chief of Economic Opportunity and Inclusion, Segun Idowu, said he is proud of the response and attests to Boston’s commitment to small businesses. He said, “By eliminating barriers to opening a new storefront or expanding one’s business, and by providing wrap-around, long-term technical assistance, the Wu Administration is ensuring the long-term success of local entrepreneurs.”
Applications for the next funding round will open on October 2nd. This is an incredible opportunity for businesses to grow and thrive in Boston, and the city is thrilled to be able to support its local entrepreneurs.
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