Pending approval from City Council, City of St. Pete could soon get in the seed-funding game
Friday, January 24, 2020
January 24, 2020 From StPeteCatalyst
St. Petersburg City Council will consider changes to the South St. Petersburg Community Revitalization Area (CRA) Redevelopment Microloan Program Thursday, as the city aims to better serve start-up businesses within South St. Petersburg.
The program, approved and established by City Council in December 2018, currently provides up to $5,000 of funding in the form of forgivable loans to existing small businesses upon complete required business education curriculum administered by The Greenhouse, a partnership between the City and the St. Petersburg Area Chamber of Commerce.
The proposed amendments to the program would change the name of the program to Redevelopment MicroFund Program. They would also convert the forgivable loan program to a grant award, and allow the funding to go to both currently established businesses and “pre-venture” or start-up businesses.
Visit www.stpetecatalyst.com to read more.
Categories: Business, History, Art & Culture Organizations