In response to the COVID-19 pandemic, Local First Arizona and its community partners are launching a fund to provide mini-grants to Arizona’s smallest, locally owned, independent enterprises.
These micro-entrepreneurs – defined by Local First Arizona as non-franchise businesses with zero to three employees, less than $250,000 in annual revenue and approximately $35,000 to $45,000 in net profits – need immediate assistance to sustain the impact from decreased business and cash flow caused by the near-shutdown of the economy.
Priority will be placed on business owners with children under 18 at home. Once approved, the funds will be distributed within five business days.
– The Arizona 100 reports