Governor Doug Ducey announced on Aug. 13 that $10 million, provided by Arizona’s Crisis Contingency and Safety Net Fund will go toward rent and mortgage assistance for Arizona small businesses required to pause operations due to the COVID-19 pandemic.
Through a partnership with the Local First Arizona Foundation, the newly developed Arizona Small Business Rent and Mortgage Relief Grant program will help struggling small businesses meet their rent or mortgage obligations, with a focus on those most in need and without access to other resources.
The grant program will provide grants for up to two months of rent or mortgage payments due by small businesses including gyms, fitness centers, bars, and water parks with fewer than 50 employees. The maximum award will be $25,000. Grants will be prioritized for businesses that are most in need of the funding to meet their rent or mortgage obligations and do not have access to other financial support.
Applications open the week of Aug. 17, 2020. Additional details are available at www.localfirstaz.com/azsmallbizrent