Stoney Administration Provides Grants To Businesses Damaged During Recent Demonstrations

Press release from the City of Richmond:

By Office of the Press Secretary to the Mayor - August 10, 2020

The City of Richmond has recommended that City Council allocate $500,000 to create the Business Recovery Grant Program. Under this new, one-time program, grants will be awarded to eligible local businesses, non-profit organizations, and commercial property owners to recover costs from damage during recent demonstrations within city limits.

“Though many protests have been peaceful, sporadic nights of severe property damage have hurt our small business community,” said Mayor Stoney. “These grants will help those establishments get back on their feet and send a message to the owners and employees of those businesses that they’re heard, they’re valued and we’re in this together.”

The grants will be a reimbursement of expenses paid to repair property destruction during the recent civil unrest. This could include window repair, graffiti removal and more. The maximum grant award is $10,000 for a single commercial property address.

The city’s Commercial Area Revitalization Effort (CARE) Program is the proposed funding source for the one-time grant program. The normal CARE Program grants will not be impacted by the creation of the one-time grant program.

If funding for the Business Recovery Grant Program is approved during the August 10, 2020 City Council meeting, the program guidelines will be posted on the city website and applications can be submitted electronically starting August 13.

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This press release was produced by the City of Richmond. The views expressed here are the author’s own.