The City of Phoenix has launched PHXbizGrants, a grant program for micro and small business in Phoenix. The grant funds are allocated from the American Rescue Plan Act to help small businesses continue to return stronger. Grants range up to $15,000 for business expenses such as rent or mortgage payments, payroll, insurance, inventory and utilities.
- Must have a physical or mobile location in Phoenix for at least 12 months.
- 25 or fewer employees
- Gross sales must be less than $3 million
- Gross sales must have declined at least 25% due to COVID-19 anytime after March 1, 2021, compared to the same month in 2019 or 2020.
Use of Funds
Grant funds can be applied to qualifying expenses classified as a business deduction by the Internal Revenue Service. The funds can be used for day-to-day operational expenses like payroll, rent, mortgage, utilities, and suppliers. Businesses can disseminate grant funds to address workforce challenges, such as hiring bonuses, adding or expanding employee benefits to improve employee retention.
Applications will be accepted until April 15, 2022 or until funds are fully awarded.