The Small Business Relief Program is a targeted initiative of the Recovery St. Louis Coalition that directly responds to one of several immediate relief needs shared by small businesses most impacted by looting, vandalism, and other acts on or after August 9, 2014 in a compact geography within Ferguson, Dellwood, Jennings and unincorporated St. Louis County. The partnering organizations for the Small Business Relief Fund have agreed to expand the service area to include small businesses located in the South Grand Corridor between Highway 44 and Gravois Road that were impacted by looting, vandalism, and fires on November 24 and 25, 2014. The Small Business Relief Program is a first step to address one immediate need of a group of most-impacted businesses. Small businesses outside the most-impacted corridors have been impacted by the same events. The Recovery St. Louis Coalition will work together to bring a broader range of resources to assist these businesses located inside and outside the most-impacted corridors.

Eligibility

Any for-profit business that sustained physical and economic damage and that is located in one of the commercial corridors most impacted by the looting, vandalism, and other acts on or after August 9, 2014 in Ferguson, Dellwood, Jennings and unincorporated St. Louis County, or in the South Grand Corridor. The commercial corridors are: West Florissant from New Halls Ferry Road to Hamilton Avenue; Chambers Road from Norfolk Southern Railroad Tracks to Vickie Place; and an area commonly known as New Halls Ferry Triangle (Dunn Road, Old Halls Ferry Road, and New Halls Ferry Road). The commercial corridors were determined by economic development professionals through visual inspections of damage, face-to-face meetings with small business owners, and information provided by small business to the Recovery St. Louis Hotline. The South Grand Corridor includes the area between Highway 44 and Gravois Road. If you are small business that has been impacted by the events in Ferguson, please contact our Recovery St. Louis help desk at 314-206-3235 or by email at RecoverySTL@stlregionalchamber.com.

Form of Relief

The Small Business Relief Program will provide zero-interest loans with the option of a modest forgivable advance for most critical immediate needs, including rent, utilities, payroll, and inventory. The specific relief package will be reasonably customized to meet the specific needs of each of eligible business.

Relief Deployment

The relief will be deployed as immediately, seamlessly, and responsibly as possible. Economic development professionals from the Recovery St. Louis Coalition have already been meeting face-to-face with small business owners in the most-impacted commercial corridors, and will be assisting these small business owners with the preparation of a simple forthcoming application.

Funding Partners

A total of $1 million has been committed by a public-private partnership consisting of the State of Missouri ($250,000); St. Louis Economic Development Partnership ($250,000); St. Louis Regional Chamber ($250,000); and a coalition of local banks led by Pulaski Bank, Commerce Bank, and Enterprise Bank & Trust ($250,000).

Resource Coordination

The Small Business Relief Program is coordinated with and supports the broader relief efforts of the Recovery St. Louis Coalition, including the North County, Inc., Reinvest North County Fund, St. Louis Economic Development Partnership, U.S. Small Business Administration, Missouri Department of Economic Development, Missouri Department of Insurance, and many others.

More resources through the North County Economy Recovery Toolbox

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