Small Business

Park Central Development Awards Small Businesses with Critical Grants

Park Central Development, a group that works to strengthen and attract investment that creates and maintains vibrant neighborhoods and commercial districts in the City of St. Louis, announced this afternoon a major round of grants toward St. Louis City businesses. Park Central works in several central St. Louis neighborhoods, including the CWE, Tiffany, Botanical Heights, FPSE, DeBaliviere Place, Cheltenham, Academy/Sherman Park, and Botanical Heights.

Announcement from Park Central Development’s Twitter

Small businesses in St. ,Louis and across the country are facing unprecedented hardship in the midst of a global pandemic that has disproportionately impacted the United States. With nearly twice as many COVID deaths as any other country and a caseload that has just recently dipped below 100,000 cases a day in the most recent 7-day average, the U.S. has only recently began to significantly curb community spread. This reality has forced businesses to make huge investments in marketing and health-related investments while many consumers stay home to avoid contracting COVID-19.

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While many communities, from the City of St. Louis itself and St. Louis County have been working to connect small businesses with CARES Act funding, there is still a massive hole in the budgets of many small businesses. With this in mind, community groups, like Park Central Development, are aiming to shore up businesses and the communities that run and support them. Local economic success is critical for cities and those who reside in their bounds.

With its COVID-19 Small Business Stimulus Grant, PCD is allotting $4,000 to the following small businesses: Saigon Café, Pharaohs Donuts, STL Elite Bets, Northwest Coffee Roasting Company, Revoaked Sandwiches, BBC Café and Bar, Kampai Sushi Bar, The BBQ Saloon, and Juniper STL.

The businesses receiving the grant can use the funds for launching an online presence, PPE and other safety supplies, short-term marketing, utility payments, replenishing inventory, interior modifications for health purposes, and rent/mortgage payments. Many of these are fixed and capital costs that simply must be paid, like a business’ rent or mortgage payments that are usually non-negotiable. For businesses seeing reduced sales during the pandemic, this grant might be the difference between closing now and renewed success 3 months form now.

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Park Central Development plans on announcing future grant awards in blocks of 5 over the next couple months, and they announced on Twitter that applicants will also receive business resource guides and direct contact to apply for separate PPP loans. If you are looking to donate to a resource where 100% of donations go directly to small businesses, you can donate to Park Central’s small business fund at this link.

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