Rio Nuevo District gets economic boost from new small business grant program

White File Salon among 33 recipients benefiting from pilot program thanks to Rio Nuevo and Groundswell Capital.

TUCSON, Ariz. (KGUN) — Entrepreneurs in Tucson’s Rio Nuevo District are getting a boost thanks to a new grant initiative aimed at revitalizing local small businesses.

Rio Nuevo, a tax increment finance district focused on revitalizing downtown Tucson, and Groundswell Capital, a local nonprofit that provides capital and resources to underrepresented entrepreneurs, teamed up to award 33 grants—ranging from $1,500 to $25,000—through the Rio Nuevo Impact Grants pilot program.

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