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Fort Worth Hispanic Chamber rolls out emergency economic relief microgrant program

Posted July 16, 2020

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The U.S. Hispanic Chamber of Commerce launched an Emergency Economic Relief Grants Program to assist Hispanic chambers of commerce and small-business owners affected by COVID-19.

Through this program, the Fort Worth Hispanic Chamber of Commerce has been awarded $15,000 to provide emergency microgrants to Fort Worth small businesses. The goal of this program is to ensure minority business enterprises have access to the information, resources and funds they need to get past these difficult times.

The Fort Worth Hispanic Chamber will award microgrants to local minority-owned businesses in need of emergency economic assistance. Applicants will be asked to describe the emergency need and how the funding will be used. Grants will be awarded for $1,000 to $2,500.

The grant application period runs through July 24. Grant awards and funding disbursement will be made in mid-August.

To be eligible, an applicant must be a small business with fewer than 25 employees; located in Tarrant County; a minority-owned business; and in need of emergency economic assistance due to the impact of COVID-19.

More than 86% of Latino business owners report experiencing immediate negative effects of COVID-19, according to a recent survey by Stanford University. Similar estimates have been reported for other entrepreneurs of color.

In addition to this grant, other assistance and information is available.

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