Southlake Business Relief Grant Program

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About the Grant Program

In response to the economic impacts of COVID-19 (Coronavirus) in the local business community, the Southlake City Council has authorized a stimulus program to assist businesses negatively affected by the pandemic. The Southlake Business Relief Grant Program is a local economic development program aimed at reducing the economic strain on local businesses located within Southlake. The program's $1 million is funded through the Economic Development Investment Fund. Local businesses that apply for this grant may be awarded up to $10,000, based on meeting eligibility requirements and availability of program funds.

View the full Southlake Business Relief Grant Program Resolution 20-051.

  1. Eligible Businesses
  2. Grant Award Tiers
  3. Ineligible Businesses
  4. Grant Uses

Eligible Businesses

  1. Business Types:
    1. Corporation 
    2. Individual
    3. Sole proprietorship
    4. Single-member limited liability company (LLC)
    5. LLC treated as a partnership
    6. LLC – C corporation
    7. LLC – S corporation
    8. Partnership
  2. 50 or fewer employees.
  3. Businesses physically located within the City of Southlake, with a Southlake mailing address. 
  4. Registered to do business in the State of Texas.
  5. Business must have been in operation since January 1, 2019.
  6. Eligible businesses must be able to demonstrate that the business was profitable prior to the COVID-19 outbreak and that they have experienced a loss of income due to COVID-19. 
  7. Business must affirmatively declare that they were not in arrears on rent prior to February 29, 2020, and they must provide their landlord’s contact information.
  8. Business must be in good standing with the City of Southlake, Tarrant County and other taxing entities.  If a business has outstanding payments due to the City, it may however, first apply grant funds to the amount owed first, with any remaining distributed to the business.
  9. A business owner applying for grant must own 51% or more of the business.
  10. Businesses that received assistance from SBA, CARES Act, PPP or other grant programs are still eligible.

Grant Disclaimers

Businesses that receive grant funding will be required to document how the funds are used and provide the necessary financial information such as bank statements and other information as deemed necessary by the City of Southlake Chief Financial Officer. This documentation will need to be provided to the City no later than July 1, 2021. Separate communication to grant recipients will be provided on this.

Any businesses seeking to receive grant funds from the Southlake Business Relief Grant Program shall be required to provide identification and financial information to the City of Southlake, within the timeline established as determined by the City, for review and consideration that may include but is not limited to driver’s license, bank statements, tax returns, Form 941 and Form W-9.

Nothing provided in the Southlake Business Relief Grant Program or by the City of Southlake shall be construed to suggest or imply that the City of Southlake is under any obligation to provide any grant or grant fund amount to any applicant irrespective of business eligibility and meeting all established criteria.

Application

The grant application and filing period will be available soon!