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City approves $2 million drought relief grants for small businesses; LiftFund to administer program
Summary
City Council voted to create a short-term small-business drought relief program, directing Type B street funds to a LiftFund-administered grant pool that will provide up to $50,000 per eligible affected business. The program aims for speedy disbursement while staff pursue parallel work programs.
Corpus Christi's City Council approved a $2 million drought relief grant program on Feb. 11 to provide short-term financial help to small businesses hit by water restrictions.
The program, to be run by LiftFund, will provide grants up to $50,000 per eligible business to help retain employees and cover operating shortfalls caused by stage 3 water restrictions. The council authorized a Type B funding transfer to free general-fund dollars and cover the program. LiftFund will handle application intake, eligibility verification and disbursement; staff said they plan to start accepting…
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