San Francisco is taking steps to revitalize its downtown by offering grants to businesses that open in empty storefronts. The city aims to fill these vacant spaces and support small businesses through its grant program. Mayor London Breed has announced $4 million in grants to help entrepreneurs secure new commercial leases and provide them with technical assistance.
Under this program, eligible small businesses can apply for grants of up to $25,000 for their first storefront location or up to $50,000 to expand to an additional location. This initiative is a part of the city’s efforts to boost its economic growth and create a vibrant downtown atmosphere. By incentivizing businesses to occupy empty storefronts, San Francisco hopes to attract more foot traffic and bring life back to its downtown area.
Expanding businesses in popular areas like Union Square could receive grants of up to $50,000 from the city. This financial support can help cover initial setup costs, renovations, and other expenses associated with opening a new location. It provides a valuable opportunity for entrepreneurs to establish their presence in prime locations and contribute to the city’s economic recovery.
The grant program also includes benefits for pop-up businesses. Those running pop-ups in empty downtown storefronts can receive three months of free rent and grants ranging from $3,000 to $8,000. This initiative encourages temporary businesses to bring activity and excitement to vacant spaces while they await long-term tenants. It offers a win-win situation for both entrepreneurs and property owners, as it fills empty spaces and provides marketing opportunities.
San Francisco’s downtown has faced challenges in recent years, with high vacancy rates and a decrease in occupancy due to the pandemic. By offering grants and incentives, the city aims to address these issues and create a more vibrant and thriving downtown area. The goal is to attract local institutions, businesses, and residents to the downtown core, revitalizing it as a residential neighborhood as well.
If you’re an entrepreneur looking to start or expand your business, this grant program presents a unique opportunity. By taking advantage of the financial support provided by the city, you can establish your business in a prime location and contribute to the revitalization of San Francisco’s downtown. Don’t miss out on this chance to receive up to $50,000 in grants and be a part of the city’s economic recovery.
Apply now and be a part of the transformation of San Francisco’s downtown. Help fill empty storefronts, support small businesses, and contribute to the city’s vibrant atmosphere. Together, we can bring life back to the heart of San Francisco.