San Francisco has awarded over $1 million in Resiliency Fund Round 1 grants to support 128 small businesses.
The Resiliency Fund launched on March 12, five days before San Francisco's Stay-At-Home order. The fund opened with $1 million and has now awarded grants up to $10,000 to 128 small businesses across 29 neighborhoods.
Round 1 of the program closed two weeks later on March 29, after receiving more than 1500 applications totaling more than $15 million in requests.
In Round 1, awards were granted on a first-come-first-served basis and limited to storefront businesses with 1-5 employees with a focus on dispersing funds quickly to neighborhood businesses who had begun experiencing significant losses as early as late January.
Round 2 closed on June 17, 2020. This page will be updated with more data as it becomes available.
GOAL: Provide immediate funds to businesses most impacted by COVID-19
The first significant impacts of COVID-19 on small businesses in San Francisco began weeks before the Stay-At-Home Order and were initially heavily concentrated in Chinatown. In the weeks and months since the impacts have deepened and now spread more evenly across the City.
Phase 2 addressed the Citywide impact of the Stay-At-Home Order by awarding grants using a lottery system developed to distribute them across the city.
GOAL: Help businesses prevent layoffs and continue paying their employees
Grantees were encouraged to use funds to keep staff on payroll. Phase 1 required applicants to have at least one employee. The impacts of the pandemic have now spread to all types of businesses, and other key government programs have excluded businesses with no employees including self-employed, sole-proprietors, and independent contractors.
Phase 2 expanded to include businesses without employees and targeted businesses ineligible for other government funding programs.
GOAL: Provide funding to businesses with the greatest need
GOAL: Target funds to businesses in hardest-hit industries
Businesses without options to telecommute or work remotely have been disproportionately impacted by the Stay-At-Home order. Layoffs have happened at a higher rate for industries commonly operating in storefronts especially food businesses and retail.