Local First Arizona Launches Small Business Relief Fund

In response to the COVID-19 pandemic, Local First Arizona and its community partners are launching a fund to provide mini-grants to Arizona’s smallest, locally owned, independent enterprises. These micro-entrepreneurs — businesses with 0-3 employees and less than $250,000 in annual revenue (approximately $35k-$45k in net profits) — need immediate assistance to sustain the impact from decreased business and cash flow caused by the shut down of our economy. We are calling upon the community, from corporate partners to individuals just like you, to help our entrepreneurs by donating to the fund. Each donation is tax deductible and supports a family owned business by providing a mini-grant that offers much needed financial support through the duration of this crisis.

 

ANY INDIVIDUAL OR COMPANY INTERESTED IN HELPING FAMILY-OWNED BUSINESSES IN OUR STATE CAN DONATE TO THE FUND.

 

Applying for Assistance

 

Micro-entrepreneurs struggling to surmount the financial impact of the novel coronavirus may apply for funds to cover business expenses, employee salaries, and other operation-related costs.

 

Regional review panels (northern, central, and southern Arizona) of business owners assembled by Local first Arizona will review applications weekly. Within 7 days of review, applicants will be informed of their standing for a Small Business Relief grant: approved, pending future consideration, or declined. Once approved, funds will be distributed within 5 business days.

 

Local First Arizona is attempting to serve as many individuals and families in need as possible; there will not be enough funding for everyone. Please read the blow criteria and determine if you’re a good fit before applying:

 

  • 0-3 employees

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  • Less than $250,000 in annual revenue (approximately $35k-$45k in net profits)

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  • Independent and locally owned (no franchises at this time)

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  • Priority will be placed on business owners with children under 18 at home

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  • Families reliant on the business as their sole income

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    For more information visit: Local First Arizona