Rio Nuevo, Groundswell Capital Give 33 Impact Grants to Local Businesses

In a collaborative show of support for Tucson’s small business community, Rio Nuevo and Groundswell Capital have awarded 33 grants—ranging from $1,500 to $25,000—to entrepreneurs working to build a more vibrant and inclusive Rio Nuevo District.

The Rio Nuevo Impact Grants pilot program launched in January and wrapped its first round of funding in May, delivering $250,000 in direct support to small businesses across the district. Selected from nearly 300 applicants, the grants are helping fund storefront improvements, equipment purchases, marketing efforts, business expansions, and critical repairs.

“The Rio Nuevo grant has been instrumental in our growth. It allowed us to acquire essential tools and equipment, improve client services, and renovate our salon to create a more welcoming atmosphere,” said Nguyen Le, owner of White File Nail Salon. “These improvements have helped us attract new clients and team members. The future of our salon is very promising.”

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