In October, the Austin City Council approved Ordinance No. 20201001-052, which authorized the development of three grant programs that together are referred to as Save Austin’s Vital Economic Sectors (SAVES). These programs seek to provide immediate relief for live music venues, art venues, restaurants and bars, and childcare facilities.
The current plan is to expand and modify the Chapter 380 program to address the needs of the business community impacted by the COVID-19 pandemic. A draft of the Chapter 380: Recovery Lease Incentive Program is available here (see item 11). While not yet finalized, the preliminary list of eligibility requirements hints at a broad scope of eligible types of businesses by including those in adjacent sectors to those named in the original resolution.
This item was postponed at the November 12th Austin City Council meeting and should be on the December 3rd agenda. Stay tuned for updates!
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Global pandemic or not, AIBA works tirelessly to support and advocate for Austin’s local business community. Reach out to us via email at hello@ibuyaustin.com.