This week the Greater Taylor Chamber of Commerce ended Round 3 of its Small Business Support and Relief fund grants bringing the total to 47 small businesses assisted by the funds. Each grant was up to $1,500.
“A thriving small business community is essential for a thriving and vibrant community,” Chamber Board Chair Diana Phillips said. “Small businesses are the lifeblood of community…providing local jobs, keeping money in the community, supporting local causes and maintaining the local culture and characteristics that give us a sense of ‘place.’”
Award recipients have included traditional and specialty retail businesses, gyms, production studios, restaurants and hair salons, art and health studios, automotive, insurance, general painting and repair and hospitality businesses.
Fifty-three percent of the businesses are owned by women and 25% by ethnic minorities.
“Our small business owners are smart, entrepreneurial and influential bringing change and growth that shape the future of our community,” Phillips said. “We owe it to ourselves and our community to do all that we can to support these businesses.”
The Chamber is still $6,106 away from its fundraising goal of $100,000. Donations can be made to fund until the end of the day May 31. The fund currently has enough to fund grants of up to $1,500 for 15 more businesses.
The deadline for Round 4 of funding is 5 p.m. Tuesday, June 1. The application for first-time applicants can be found online at www.taylorchamber.org.
Businesses that received grants in Round 1 are eligible to reapply in Round 4. The application for re-funding will be sent via email to those businesses early next week. Funding priority will be given to first-time applicants and those who have not received other types of grant funding.
The fund, which began with a $50,000 donation from the TEDC, also includes $15,000 from the City of Taylor and almost $30,000 raised from local residents, business owners and the Chamber. As of Friday morning, the fund had taken in almost $94,000.
Awarding the grants is decided on by a committee that includes representatives from the Taylor business community, TEDC, City and Chamber.
For more information, including guidance on how your small business can apply for local grants or federal funding, call the Chamber at 512-352-6364.