Business retention and growth took center stage at the San Antonio Economic and Workforce Development Committee meeting on May 27, 2025, highlighting the city’s commitment to supporting local businesses. The committee reported a significant increase in outreach efforts, with a 64% rise in engagement aimed at connecting with companies of all sizes. This initiative is in collaboration with Greater SATX and BiomedSA, targeting a goal of 600 businesses for the year.

Despite challenges in converting outreach into visits, the committee noted an 18% conversion rate, which they expect to improve as staff adjustments take effect. The focus on growth-stage grants has shown promising results, with several companies reporting revenue growth, indicating the effectiveness of these programs in fostering local economic development.

Additionally, the committee discussed the success of the 0% interest loan program, enhanced by ARPA funds, which has already provided 85 loans totaling nearly $300 million. However, the remaining balance for the program is low, with only about $13,000 left, signaling a nearing conclusion for this funding opportunity.

The meeting also touched on the importance of community collaboration, particularly in districts 3 and 5, where neighborhood associations and businesses have come together to enhance local initiatives. The committee emphasized the need for continued investment in programs like the facade grant, which supports small businesses in improving their properties and combating community displacement.

As the city prepares for upcoming budget discussions, the committee aims to advocate for sustained support of these vital programs, ensuring that San Antonio's economic landscape remains vibrant and inclusive.