August 1, 2021 Breaking News, Latest News, and Videos

Santa Monica Launches Small Business Grant Program

City of Chamber partner with goal of supporting 1,000 small businesses

By Sam Catanzaro

Since the pandemic began, 130 small businesses have closed in Santa Monica. Now the City and the chamber of commerce have launched a recovery program with grants of up to $10,000 for support small businesses.

“Our small local businesses are in crisis. After the challenges of the past twelve months, many are hanging on by a thread,” said Santa Monica Chamber of Commerce President/CEO Laurel Rosen. “These businesses are the lifeblood of our community. They are our friends and neighbors, our community gathering spots, the sponsors of our schools and charities.

On March 17, the City of Santa Monica and the Santa Monica Chamber of Commerce rolled out the SaMo Small Business Recovery Grant Program. Officials say the goal is to support 1,000 small businesses with grants of up to $10,000. The City and Chamber have contributed $225,000 in seed funding to launch the program and are currently raising donations through the We Are Santa Monica Fund.

“Our community’s economic recovery depends on the vibrancy of the small businesses that we love and adore,” said Interim City Manager Lane Dilg. “If you are a large business located in Santa Monica and the lives of your customers and workforce are made better by our full economic diversity, we hope you will join us in boosting our shared recovery.”

The City says the Program will provide “urgent rescue funds” to local struggling small businesses. 

“While some have been able to secure federal loans or other sources of support, there is still a great need for local grants to help keep small businesses afloat. Grants could be used to help businesses make payroll, retain employees, assist with overhead costs, and pay back rent during the required closures,” the City said in a press release announcing the program’s launch.

Grants are not yet available for businesses to apply for. According to the City, once sufficient funds are raised, a process will be initiated with an independent third-party to select eligible small businesses with grants of up to $10,000.

To donate, visit https://www.calfund.org/wearesantamonica. Type SaMo Small Business Recovery Program in the Comment section, and select Business Recovery under Area of Support.

The program is part of the We are Santa Monica effort, a partnership between the City and the California Community Foundation (CCF). Other areas the fund supports include the Black Agenda in Santa Monica, and the Virginia Avenue Park Emergency Food Pantry.

According to the City, since the pandemic began, Santa Monica has lost 130 small, locally owned businesses and a recent City business survey indicates that many more are facing closure in the months to come.In addition, the City says 88 percent of the business community is comprised of small businesses.

Related Posts

Library Director Patty Wong to Leave Santa Monica

July 30, 2021

July 30, 2021

Santa Monica Public Library (SMPL) Director Patty Wong announced recently that she will leave Santa Monica to take on the...

City Council Prioritizes Housing for Historically Displaced Households

July 28, 2021

July 28, 2021

At its meeting on July 13, Santa Monica City Council made changes to Santa Monica’s Affordable Housing Production Program and...

Homeless Man Charged with Hate Crime in Assault of Korean Woman in Santa Monica

July 27, 2021

July 27, 2021

Melvin Taylor faces charges in connection to July 23 incident By Sam Catanzaro Hate crime charges have been filed against...

Homeless Advocate Arrested Near Shelter on Suspicion of Dealing Drugs, Claims no Wrongdoing

July 27, 2021

July 27, 2021

65-year-old Garry Featherstone accused of selling meth, PCP By Sam Catanzaro A self-described homeless outreach advocate was recently arrested near...

Off Leash Dog Park And Picnic Area Coming To Downtown Santa Monica: Santa Monica Beat – July 27, 2021

July 27, 2021

July 27, 2021

Local news and culture in under 5 minutes. * Off Leash Dog Park And Picnic Area Coming To Downtown Santa...

Two Arrested for Main Street Bike Shop Burglary

July 23, 2021

July 23, 2021

Two suspects were arrested for the burglary of a Main Street bike store after the owner witnessed the crime via...

Council Selects Berkeley Deputy City Manager to Helm Santa Monica

July 23, 2021

July 23, 2021

David White to be Santa Monica’s next City Manager starting in October  By Sam Catanzaro Santa Monica City Council has...

Ocean Park Library Set to Reopen

July 20, 2021

July 20, 2021

New self-service hours begin July 28 By Sam Catanzaro The Santa Monica Public Library’s Ocean Park Branch is set to...

Police Tase Suspect Following Santa Monica Beach Stabbing

July 19, 2021

July 19, 2021

32-year-old man arrested Sunday evening on Santa Monica Beach, suffers head injuries in arrest By Sam Catanzaro As part of...

Santa Monica Beat: Santa Monica Beat – July 19, 2021

July 19, 2021

July 19, 2021

Local news and culture in under 5 minutes. * Serial Killer Arrested by SMPD Sentenced to Death * New Grants...

Santa Monica May Ban Lobbyists From Serving on Boards and Commissions

July 19, 2021

July 19, 2021

City Council instructs staff to draft ordinance to bar paid policy advocates from serving on board, commissions, task forces   By...

Water Near Santa Monica Pier Remains Questionable as Beach Closures Lifted Following Sewage Discharge

July 15, 2021

July 15, 2021

17 million gallons of raw sewage discharged from Hyperion Water Reclamation Plant Sunday Night By Sam Catanzaro Beach closures have...