Fort Worth, Texas, is gearing up to assist businesses impacted by the explosion at the Sandman Signature Hotel in downtown Fort Worth, which occurred on January 8. This blast injured nearly two dozen individuals and caused extensive damage to the vicinity, disrupting normal business operations and restricting access for both motorists and pedestrians.
In response to the aftermath of the explosion, city officials are implementing a small business disaster-recovery stimulus program, allocating a fund of $250,000 to support affected businesses. The assistance program allows businesses in the area to apply for grants of up to $50,000 to help cover expenses incurred due to the blast. To qualify for the program, businesses must meet certain criteria, including having a physical storefront, being operational for at least six months prior to the incident, and showing a decline in revenue or employment as a result of the explosion.
During a board meeting, city officials identified five businesses most in need of financial assistance, such as La’ Creamian, Thompson’s Bookstore, Barber’s Bookstore, and a nearby law office. However, other businesses in the area are also eligible to apply for support through the program. Applications will be reviewed by the economic development department, with funding decisions expected to be made by the end of April or sooner.
The allocated funds can be used for various business needs, including rent or mortgage payments, employee expenses, utilities, and purchasing supplies to facilitate alternative business operations, such as curbside pickup or delivery services. Businesses that receive funding will be required to demonstrate how the money was utilized within six months.
Despite the passage of over two months since the explosion, investigations into its cause are ongoing. Legal action has been taken against the building’s owners, Northland Properties, and the gas provider, Atmos Energy. While some progress has been made in obtaining permits for cleanup, legal disputes continue, with Atmos Energy seeking exoneration from blame for the incident.
Overall, the program aims to provide much-needed relief to businesses struggling in the aftermath of the explosion, offering a lifeline to owners like Lisa Jackson from La’Creamian and Brian Perkins from Barber’s Bookstore. The community looks forward to the positive impact this support will bring to affected businesses as they work towards recovery and rebuilding in the wake of this tragic event.