The City of Cypress recently created a $750,000 Cypress Small Business Resiliency Grant Program to provide $5,000 grants to 150 businesses most vulnerable to COVID-19 impacts, specifically businesses that have been forced to temporarily close or limit operations as a result of the pandemic.
Grant applications will be available online from December 29, 2020 through January 8, 2021 at 5:00 p.m. at https://www.cypressca.org/business/small-business-resiliency-grant-program.
Businesses that did not previously receive a CARES Act grant will be given priority for participation in the Cypress Small Business Resiliency Grant Program, although those that received a CARES Act grant are still eligible. Applicants must operate in a commercial, office or industrially zoned area in Cypress and cannot be a home-based business.
The Grant Program is intended to focus on business sectors that have suffered serious financial impact due to the COVID-19 pandemic. As such, small, service-based businesses that have been significantly affected by COVID-19, such as restaurants and food services, beauty salons, and barber shops and similar businesses are eligible to participate. Ineligible sectors include automotive repair services, dentistry and medical services, professional services and general retail.
The City of Cypress will conduct a lottery to determine the grant recipients.
This program was funded through a budget surplus from the previous fiscal year courtesy of the City’s long-standing conservative financial management.