Minority Business Stabilization Fund

View of downtown businesses along the historic courthouse square in downtown.

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Overview

The Minority Business Stabilization Fund is a one-time grant assistance program funded through the American Rescue Plan Act (ARPA). Through this Fund, the City provides direct aid to minority-owned businesses in San Marcos. For questions about the program, please email our Economic Development Office.

Business Eligibility

To be eligible for consideration, a business must meet the following guidelines:

  • Business must be located within the corporate limits of San Marcos.
  • Continual operation of business in San Marcos for at least 12 months before grant request.
  • Employ 1-25 full-time employees across all locations.
  • Business is independently owned and operated.
  • Business is at least 51% unconditionally owned by a socially disadvantaged individual and the management and daily business operations are controlled by one or more disadvantaged individuals.
  • Only one grant award will be disbursed per business.
  • Applicant is not an elected official or employee of the city, or married to an elected official or employee of the city.
  • If the business is a franchise, eligibility is limited to a single location of the franchise.
  • Business is a for-profit entity.

Download the Minority Stabilization Fund Guidelines and Application. (PDF)

Funds awarded under this program may be used for the following expenses:

  • Physical improvements to business space to reopen safely as a result of covid
  • Equipment to comply with public health and safety guidelines (e.g. touchless payment methods, automatic door open sensors, etc.)
  • Costs associated with expanding the business to e-commerce sales
  • Rent, payroll, and other operating expenses

 Ineligible Expenses

Funds awarded under this program may not be used for the following expenses:

  • Funds cannot be used to pay debt
  • Funds cannot be used to pay taxes owed
  • Funds cannot be used to settle a lawsuit

Minority Business Stabilization Fund Application

Steps

  1. 1. Application Details
  2. 2. Business Owner Information
  3. 3. Business Information
  4. 4. United States Small Business Act Groups
  5. 5. Other Socially Disadvantaged Groups
  6. 6. Grant Funds
  7. 7. Authorization
  • Application Details

    1. About the Program

      The Minority Business Stabilization Fund is a one-time grant assistance program funded through the American Rescue Plan Act (ARPA). Through this Fund, the City provides direct aid to minority-owned businesses in San Marcos. For questions about the program, please email Economic & Business Development Manager Christian Smith.

      Application Process

      Applications for Minority Business Stabilization Funds will be reviewed on a first come first serve basis. All eligible applications will be considered while funding is available. The City of San Marcos does not intend to renew the Minority Business Stabilization Fund after funding is exhausted.

      Steps to Apply

      1. Applicant submits a completed application.
      2. Applicant submits a completed W-9 via email to Economic and Business Development Manager Christian Smith.
      3. The Minority Business Stabilization Fund Review Committee will review applications and will schedule a meeting with the applicant for accuracy and completion if necessary.
      4. Applicants will be reviewed in the order in which they are received so long as funding is available.
      5. Upon confirmation that the application is complete and eligible, the Review Committee will initiate the payment process.