Continue effective responses and supports for business community
Businesses have been very badly hit by the pandemic, and will endure the impact after the worst of the health crisis has been overcome. To keep the economic lifeblood of the community running, you will need to continue delivering effective supports for local business. This is a good time to assess what has or has not worked to strengthen those supports that are effective and pivot away from those that are not.
ASSESSMENT
Some questions to guide your thinking
- What supports have worked and why?
- What supports have not worked and why?
- What are emerging medium-term challenges that businesses are facing and that the city can support with?
Reading
Creating broad partnerships to give small businesses access to capital
Brookings Institute 5 minutes
This report highlights the Rapid Response Loan Fund deployed in Indianapolis and made possible by a collaboration between local lenders and the Chamber of Commerce.
- Small businesses were offered federal PPP loans and Rapid Response Loans to stay afloat during the pandemic.
- Local governments, nonprofits, and corporate partners provided funds through a community development financial institution
Resource
Providing expert assistance to local businesses
City of Dallas, TX
In Texas, the Dallas Forward coalition created Dallas BUILD, a networking website to support small businesses find programs that lead to funding, mentorship, incubators, and more.
Resource
Creating an online resource hub for small businesses
City of Dallas, TX
The Dallas Forward website contains information on small business grants and loans, connections to a small business innovation network, tips on accessing PPE, and more.
Reading
Creating broad partnerships to give small businesses access to capital
This report highlights the Rapid Response Loan Fund deployed in Indianapolis and …
Resource
Providing expert assistance to local businesses
In Texas, the Dallas Forward coalition created Dallas BUILD, a networking website to…
Resource
Creating an online resource hub for small businesses
The Dallas Forward website contains information on small business grants and loans, …