APPLY TODAY: Invest Atlanta Small Business Recovery Grants

Invest Atlanta Small Business Recovery Grants

Invest Atlanta has been tasked with facilitating the Small Business Recovery Grants introduced by Atlanta Mayor Andre Dickens and the Atlanta City Council. These grants will go to businesses located in the impact zone during the recent Atlanta water crisis, with priority given to a group of business categories which includes restaurants. 

The amount of grants awarded will follow the structure below:

• Closed/Impacted 1-3 days, revenue < $500,000 ~ $2,000
• Closed/Impacted 1-3 days, revenue $500,000 - $1,000,000 ~ $4,000
• Closed/Impacted 1-3 days, revenue > $1,000,000 ~ $5,000
• Closed/Impacted 4+ days, revenue < $500,000 ~ $6,000
• Closed/Impacted 4+ days, revenue $500,000 - $1,000,000 ~ $8,000
• Closed/Impacted 4+ days, revenue > $1,000,000 ~ $10,000

Criteria to apply will include:

• Only businesses with a verifiable address within the impact boil water advisory area will be approved.
• Priority given to industries most directly impacted, including restaurants, beauty salons spas, and daycares.
• Application ranking will also consider the number of days the business was impacted.
• Businesses must be registered with the Georgia Secretary of State and have an active City of Atlanta business license.

The following information will be required when applying for a recovery fund grant:

• Active 2024 City of Atlanta business license
• Articles of incorporation or ownership
• Operating agreement or the corporate bylaws
• Georgia Secretary of State registration
• Proof of revenue/Point-of-sale report from the week prior and the impacted week
• Impact statement
• Save Affidavit (notarized): Download
• Valid lease or security deed
• Duplication of Benefits Certification Form: Download

Invest Atlanta hosted a webinar on Monday June 17 which can be found HERE. If you have any questions, please reach out to Scott Bierman, VP of Government Affairs.

APPLY TODAY!

AN ORDINANCE 

AN ORDINANCE BY COUNCILMEMBER MATT WESTMORELAND TO AUTHORIZE THE CHIEF FINANCIAL OFFICER TO TRANSFER UP TO FIVE MILLION DOLLARS AND ZERO CENTS ($5,000,000.00) TO THE ATLANTA DEVELOPMENT AUTHORITY D/B/A INVEST ATLANTA (“INVEST ATLANTA”) IN ORDER TO FUND THE CITY OF ATLANTA RECOVERY FUND PURSUANT TO THAT INTERGOVERNMENTAL AGREEMENT FOR ECONOMIC DEVELOPMENT SERVICES BETWEEN THE CITY OF ATLANTA (THE “CITY”) AND INVEST ATLANTA, FOR THE PUBLIC PURPOSE OF SUPPORTING SMALL BUSINESSES THAT WERE ADVERSELY IMPACTED DURING THE DISRUPTION IN WATER SERVICE; TO AUTHORIZE THE CHIEF FINANCIAL OFFICER TO MAKE ANY BUDGET AMENDMENTS, OPERATING TRANSFERS, OR OTHER ACTIONS NECESSARY TO ENABLE THE TRANSFER OF SAID FUNDS TO INVEST ATLANTA; AND FOR OTHER PURPOSES. 

WHEREAS, recent water main breaks in Atlanta have caused significant disruptions, forcing numerous local businesses to close during peak business periods, particularly over a weekend; and 

WHEREAS, these disruptions have resulted in financial losses for these businesses, many of which are small, locally owned establishments that are vital to the community's economic health and recovery from the COVID-19 pandemic; and 

WHEREAS, the closures due to water main breaks have negatively impacted the livelihoods of employees and the overall economic stability of the affected areas; and 

THE CITY COUNCIL OF THE CITY OF ATLANTA, GEORGIA, HEREBY ORDAINS as follows: 

SECTION 1: The City hereby authorizes the Chief Financial Officer to transfer up to Five Million Dollars and Zero Cents ($5,000,000.00) to the Atlanta Development Authority D/B/A Invest Atlanta, or its designee, in order to fund the Invest Atlanta Grocery and Fresh Food Providers Initiative from the following account: 

SECTION 2: The Chief Financial Officer is authorized to make any budget amendments, operating transfers, or other actions necessary to enable the transfer of said funds to Invest Atlanta. There is a need to provide financial assistance to affected businesses to cover lost revenue, employee wages, and other related expenses incurred during the closures. 

SECTION 3: The Mayor, or his designee, on behalf of the City, is authorized to execute all documents necessary to effectuate the City’s support of small businesses that were adversely impacted during the disruption in water service pursuant to this Ordinance, including but not limited to any amendment to the Intergovernmental Agreement for Economic Development Services dated October 21, 2020, or any such successor IGA. 

SECTION 4: Invest Atlanta shall provide an accounting to the City for all disbursements in accordance to the IGA for Economic Development Services between the City and Invest Atlanta effective as of October 21, 2020. 

SECTION 5: All Invest Atlanta grant agreements or loan documents, and/or amendments thereto, shall not be binding on the City and the City shall not incur any obligations and/or liability therefrom. 

SECTION 6: That all ordinances or parts thereof in conflict herewith are hereby waived to the extent of the conflict only. 

SECTION 7: That this ordinance shall be effective upon approval.