The City of Fort Worth, which provided $6.2 million in stimulus funds to 842 businesses this summer, has authorized a second round of funding (up to $9 million) under the CARES Act. Funding criteria was expanded to include nonprofit organizations, in addition to smaller for-profit businesses and self-employed individuals/independent contractors. Deadline for applying was Oct.…
Heads of the three major chambers of commerce and Visit Fort Worth issued statements this month in reaction to the major national crises: the coronavirus and the everlasting virus of racism. FWMBCC President and CEO Devoid Jennings, as is his nature, focused his statement on economic development, particularly talking about three “immediate actionable items”:…
Subscribe to our new channel! We are excited to announce that we have launched our FWMBCC Media Youtube Channel. On this channel, we have uploaded our weekly webinars for you all to go back and watch! We will also be including the live recordings from our monthly ‘Chamber Day’ at MLCC, Minority Leadership Citizens…
AUSTIN – Governor Greg Abbott today announced that the State of Texas will pause any further phases to open Texas as the state responds to the recent increase in positive COVID-19 cases and hospitalizations. Businesses that are permitted to open under the previous phases can continue to operate at the designated occupancy levels and under…
Fort Worth recently received approximately $158 million in funding from the CARES Act, and is partnering with the United Way of Tarrant County to distribute $10 million of those funds to Fort Worth businesses through the Preserve the Fort grant program. Of this $10 million, $5 million will go towards supporting businesses across Fort Worth.…
The City of Fort Worth is teaming up with PeopleFund to launch the Business Resiliency Microloan Program, which is prepared to provide at least $850,000 to eligible businesses in Fort Worth who are being impacted by the COVID-19 crisis. These loans may be used to pay fixed debts, payroll or accounts payable, or cover other…
Congress recently approved the CARES Act, a federal bill to provide economic relief for individuals and businesses in light of the COVID-19 pandemic. One major component of the CARES Act is the Small Business Paycheck Protection Program, which provides small businesses with enough funds to pay up to eight weeks of payroll costs, including benefits.…
There’s an old saying that “when White America gets a cold, Black America gets pneumonia.” Black businesses, like most others, will be seriously challenged during this national disaster, especially those that are start-ups and those which are in the service industry. Still, some, like several food-service businesses, have adapted well to the rules that say…
The Fort Worth City Council extended the emergency declaration that was signed by Mayor Betsy Price on Tuesday, March 24, 2020, to implement stay home, work safe restrictions to help combat the spread and impact of COVID-19 on the City of Fort Worth. This action extends the declaration through April 7, 2020. Individuals are to…
