In a move to embolden Long Beach's economic landscape, the City's Economic Development Department has awarded a hefty sum to the burgeoning enterprises that color the region with innovation and promise. A total of $85,000 in grants was endowed to 29 local startups and micro-entrepreneurs, aimed at bolstering their business ventures within the community, as announced in a statement from the City of Long Beach.
Under the auspices of the Long Beach Recovery Act, the grant initiative drew an impressive 167 applications, 115 of which met the rigorous standards for consideration. Mayor Rex Richardson highlighted the city's welcoming stance towards these small-scale endeavors, saying, "Long Beach welcomes and supports micro-entrepreneurs and startups across all industries and professions.”
The awarded list features a diverse array of businesses, including entities like Catalina Reynoso Law, Debbie Gonzales, and Dreamy Vegan, to name a few. While 24 businesses received $2,500, five were deemed fitting to receive $5,000 each, a testament to the city's commitment "to investing in local entrepreneurs and providing the essential tools and funding to help launch and grow small businesses,” Economic Development Department Director Bo Martinez said, as stated by the City of Long Beach.
The grants are part of a larger scheme under the Long Beach Recovery Act, designed to resurrect and fortify businesses and public health initiatives that have been knocked sideways by the pandemic's unyielding grasp. A substantial $20 million has been dedicated to direct business support, emphasizing small businesses and nonprofits that took the brunt of the pandemic's economic havoc. Those interested in learning more about resources for small businesses can reach out through the City's BizCare Hotline.
