During the Tega Cay City Council meeting on December 16, 2024, council members took significant steps to allocate the remaining $200,000 in American Rescue Plan Act (ARPA) funds aimed at supporting local businesses impacted by the COVID-19 pandemic. This funding is part of a larger disbursement of over $5.6 million received by the city in previous years.

The council unanimously approved a motion to allocate these funds specifically for small businesses, with a focus on those that experienced revenue losses during the pandemic. Council members emphasized the importance of transparency and fairness in the application process, ensuring that all eligible businesses have the opportunity to apply.

Key discussions revolved around establishing criteria for eligibility. Council members proposed that the funds be available to both brick-and-mortar establishments and home-based businesses, including non-profits. A significant point of debate was the maximum number of employees a business could have to qualify for funding. While the original threshold was set at 500 employees, council members agreed to lower this to 100, ensuring that the support targets smaller, local businesses.

Another critical aspect discussed was the maximum grant amount per business. Initially suggested at $10,000, council members agreed that this cap would allow for equitable distribution among applicants. However, they also recognized the need for flexibility, agreeing that if fewer businesses applied, the total funds could be divided accordingly.

The council also addressed concerns about businesses that had previously received federal assistance, such as PPP loans, stating that these businesses would not be eligible for the ARPA funds. This decision aims to ensure that the support reaches those who have not received sufficient aid.

Looking ahead, the city manager will develop an application process based on the criteria established during the meeting. The council plans to communicate this opportunity directly to local businesses, ensuring that all eligible parties are informed and able to apply.

This initiative reflects Tega Cay's commitment to supporting its local economy and helping businesses recover from the challenges posed by the pandemic. As the application process unfolds in early January, the council aims to foster a transparent and efficient system that prioritizes the needs of the community.