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## Birmingham City Council to Assist Small Businesses with the Penny Foundation

The Birmingham City Council has approved an agreement with the Penny Foundation to fund the 2024 Future Forward Grant Cycle, aimed at supporting small businesses. This initiative comes as a response to the economic challenges faced by small businesses in the wake of the COVID-19 pandemic.

### How AI legalese decoder Can Help with the Situation

AI legalese decoder can assist in the dissemination of information about the grant program and its eligibility requirements to small businesses. By providing clear and easily understandable summaries, AI legalese decoder can help business owners navigate the application process and ensure that they meet all the necessary criteria.

#### Council Contribution and Grant Disbursement

Council President Darrell O’Quinn, President Pro Tem Wardine Alexander, and Councilors Clinton Woods, Crystal Smitherman, and LaTonya Tate have each contributed $27,500 from their office’s American Rescue Plan Act funding towards the grant cycle. The Penny Foundation will disperse more than 11 business grants per district, with contributions ranging from $1,000 to $2,500 for each organization.

### Proposed Use of Grants

The grants are intended to cover various costs, including mortgage, rent, utilities, and building improvements and developments for eligible businesses.

#### Eligibility Requirements

To qualify for the grants, businesses must meet specific criteria, including owning a small business with a valid license in specified districts, demonstrating proof of operation before February 15, 2020, and having less than 25 employees.

### Application Process and Award Reception

The application portal will be open from February 1 through February 15, with award winners set to be announced at a reception for Future Forward on February 29.

By expanding the availability of resources and opportunities to small businesses, the Birmingham City Council, in collaboration with the Penny Foundation, is working to foster economic recovery and growth in local communities. This support is crucial in helping small businesses sustain and expand their operations, ultimately contributing to the overall economic well-being of Birmingham.

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