CONTACT: Landry Stafford
SAN ANTONIO (November 4, 2020) – Today at City Council’s briefing session, the City Manager’s team identified an additional $3.5m in funding that will be reallocated to small businesses that were negatively impacted by COVID 19. This reallocation will support approximately 100-120 additional micro businesses in San Antonio, with a special focus on food and beverage companies.
“This is something that I have pushed for since the beginning of this pandemic and am so glad to see that our City management is taking a step in the right direction by realizing the needs of our small businesses, their owners, and their employees. San Antonio has the highest percentage of small business closures in Texas and one of the highest percentages in the nation. According to a study done by Opportunity Insights, about 34% of small businesses in San Antonio were closed as of September 2020. Our small businesses need help now. I am grateful for this reallocation, but disappointed that it did not happen sooner.
Let’s hope this shift in funds is not too late. It is our challenge as a City Council and City staff to continue pursuing funding in order to help our small businesses here in San Antonio.”