FORT WORTH, Texas—Businesses in downtown Fort Worth are receiving assistance from the city following the aftermath of the Sandman Signature Hotel explosion earlier this year. The explosion caused economic hardship for many businesses in the area, prompting the city to step in with financial aid.
Ori Fernandez, the Assistant Economic Director of Fort Worth, revealed that the Fort Worth Local Development Corporation has allocated $250,000 for a disaster recovery stimulus program to help affected business owners cover expenses. Qualified businesses located near the blast site, which suffered financial losses, are eligible to receive up to $50,000 each. This funding can be used for rent, employee support, utilities, supplies, and other essential business costs.
The explosion not only caused financial difficulties for businesses but also hindered customers’ access to establishments near the blast zone. As a result, a section of 8th Street in downtown Fort Worth has been closed between Throckmorton St. and Houston St. since the incident on January 8th, as repair work continues in the area.
Affected businesses have a six-month window to take advantage of the relief program offered by the city. This initiative aims to support local business owners in restoring and maintaining their operations in the wake of the tragic event.
The economic impact of the explosion has been significant for businesses in the vicinity, making it challenging for them to recover without external assistance. By providing financial aid through the disaster recovery stimulus program, the City of Fort Worth hopes to alleviate some of the burdens faced by affected businesses and help them get back on their feet.
The initiative reflects the city’s commitment to supporting its local businesses and communities during times of crisis. The assistance provided underscores the importance of collaboration between the public and private sectors in overcoming challenges and fostering resilience in the face of adversity.
In conclusion, the City of Fort Worth’s efforts to assist businesses affected by the Sandman Signature Hotel explosion demonstrate a proactive approach to mitigating the impact of disasters on the local economy. Through strategic initiatives and financial support, the city aims to facilitate the recovery and resilience of downtown businesses in the aftermath of the tragic event.