The City of Schertz will be awarded a total of $10,417,416.86 from the American Rescue Plan Act, according to an Oct. 1 announcement from the The Chamber, representing the Schertz-Cibolo-Selma area. The ARPA is a $1.9 trillion economic stimulus bill passed by Congress and signed into law by President Joe Biden on March 11, 2021.
For Schertz, the awarded amount will be delivered in two equal disbursements of $5,208,708.43. On Aug. 24, the City Council passed a resolution authorizing approval of the allocation of the funds, which included a $1,000,000 allocation for small businesses to address negative economic impacts caused by the COVID-19 public health emergency, according to the resolution.
Chamber President Maggie Titterington said she encourages all Schertz-area businesses to apply for the grant money.
Allotted funds cover losses that businesses have faced since the beginning of the pandemic in March 2020. Applicants must provide documentation of the loss, and if applying for funds to cover previous expenditures, only purchases on or after March 1, 2021, are eligible.
Under the ARPA, the applicant needs to identify how a program, service or other intervention addresses the identified need or impact caused by the COVID-19 pandemic.
The application process for these funds begins on Oct. 1 and ends on Dec. 1. Applications will be reviewed by a grant committee before being recommended to the City Council for approval.
Find more information and the Small Business Grant Application here.
See more on how funding will be allocated below.