The Seabrook Economic Development Corporation (SEDC) is now inviting Seabrook businesses who have been impacted by the COVID-19 pandemic to apply for the Seabrook Emergency Business Retention Incentive. To be eligible, businesses must be located with a Seabrook Empowerment Zone (see map below) and the business must have been active on or before January 1, 2020. Businesses who qualify may receive an incentive between $3,500 to $10,000 dependent upon the following the criteria:
Current operating status of the business
Size and number of employees within the business
Business type (franchise or independent)
Type of business; ie. retail, restaurant, professional, service related, automotive, personal care (salons), sales, industrial, etc.
A total program budget of $250,000 has been allocated to help local businesses recover from the COVID-19 pandemic and economic disaster. Each incentivized business must use the funds for business lease/loan payments, utilities, payroll, etc. and are determined by the SEDC to promote new or expanded business development and/or for the creation/retention of primary jobs. The funds are not intended for business owner salaries.
Click here to read more at www.seabrooktx.gov.