San Francisco's Grant Program Supports Small Businesses with $14M Dispersed Locally

San Francisco's innovative grant program for small businesses is making waves, with nearly $14 million distributed to local operators. During a recent government meeting, Deputy Director Schwartz highlighted the program's success, noting that San Francisco is one of the few jurisdictions in California to consistently secure state awards for community support.

The program stands out for its flexibility, allowing businesses to decide how to best utilize grant funds—whether for rent, professional services, or even property acquisition. This year, the eligibility for grant expenses expanded to include the purchase of commercial real estate, with a focus on social equity. Businesses can now use these funds to acquire properties, provided they meet specific ownership criteria aimed at supporting verified social equity applicants.

Schwartz emphasized the program's high utilization rates, which hover between 95% and 100%, indicating that very little funding goes unspent. The city also partners with local nonprofits like Success Centers to offer additional support, including business development and legal services.

The meeting underscored the importance of this grant program amid ongoing discussions about landlord-tenant relations, showcasing San Francisco's commitment to fostering a thriving small business environment. As the city continues to navigate the complexities of the cannabis industry and broader economic challenges, the grant program remains a vital resource for local entrepreneurs.