URGENT UPDATE: Cleveland Mayor Justin M. Bibb has just announced a significant boost for local entrepreneurs with a $300,000 grant aimed at enhancing small businesses ahead of Small Business Saturday. This funding, sourced from the Steelyard Commons Tax Increment Financing (TIF), is designed to support storefront improvements, build-out assistance, and provide vital technical support for local businesses.
In a move that underscores his commitment to fostering economic growth in Cleveland, Mayor Bibb’s announcement comes at a crucial time, as communities prepare to celebrate local commerce on November 25, 2023. “These awards will help entrepreneurs grow their businesses, create jobs, and continue driving innovation in our neighborhoods,” Bibb stated, emphasizing the dual goals of economic expansion and job creation that are central to his administration’s vision.
The Steelyard TIF, established in 2006, was originally created to mitigate the impact of large retail developments on local neighborhoods. This latest grant marks a renewed effort to support small businesses that are essential to the community’s fabric. By broadening the TIF’s focus, Mayor Bibb is taking decisive steps to ensure that a diverse range of small enterprises receives the assistance they need to thrive.
With Small Business Saturday just around the corner, Cleveland’s proactive stance aligns with a nationwide movement to uplift local entrepreneurs. The timing of this funding announcement sends a clear message: Cleveland is dedicated to empowering its small business owners as they drive the city towards a more equitable and vibrant economic future.
For Cleveland residents looking to shop this weekend, Mayor Bibb’s message is clear: “Keep it local, keep it small, keep it supportive.” This initiative not only promises to enhance local commerce but also aims to foster a sense of community, encouraging residents to invest in their neighborhoods.
As the weekend approaches, keep an eye on local businesses that will benefit from this funding. The impact of this grant could resonate throughout Cleveland, reinforcing the importance of supporting local enterprises and the entrepreneurs who work tirelessly to make their communities better. Stay tuned for more updates as this story develops.
