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Wednesday, December 18, 2024

Atlanta City Council approves $7.5 million recovery fund for small businesses

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Mayor Andre Dickens | City of Atlanta

Mayor Andre Dickens | City of Atlanta

The City of Atlanta Recovery Fund was unanimously approved by the Atlanta City Council. The fund, increased to a total of $7.5 million, is designed to assist small businesses and their employees adversely affected by recent watermain breaks that impacted certain areas of the city.

Mayor Andre Dickens partnered with Councilmember Matt Westmoreland, who sponsored the initial legislation on behalf of the Administration, Dr. Eloisa Klementich, President and CEO of Invest Atlanta, and senior city leadership to build out the program expeditiously in order to get funds dispersed as quickly as possible.

"Our Administration knows there is a need for this assistance and together we have made sure that getting money in the hands of the impacted small businesses and their employees remains a priority," said Mayor Dickens. "Thank you to Councilmember Westmoreland and the entire City Council, Invest Atlanta, Chief Policy Officer and Senior Advisor Courtney English, members of my Cabinet and everyone who helped set up the Atlanta Recovery Fund."

Invest Atlanta will serve as the fiscal agent for the Atlanta Recovery Fund. Information on applying and the process can be found online.

The application process opens June 24, 2024. Funds not expended by June 30, 2025, will revert back to the Water & Wastewater Revenue Fund. The city is working to provide direct support to impacted residents and will provide further information once available.

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