Valley Metro Small Business Financial Assistance Program

Program Grant Funding. The City of Phoenix and Valley Metro are providing Program Grants to eligible businesses through the Program, pursuant to the following monetary categories: a. Tier I: Amount of $3,000 b. Tier II: Amount up to $9,000 (cumulative of any Tier I payments) Program Period Grants. Grants shall be used to cover the cost of utilities, mortgage, rent, payroll expenses (collectively, Vendors). Program Period. The Program will disburse a Program Grant during the current funding year which concludes March 31, 2024. Grantee shall indemnify and hold harmless City of Phoenix, Valley Metro, Prestamos and CPLC (collectively “Indemnified Parties”) from and against any and all claims, losses, demands, causes of action, or liabilities incurred by the Indemnified Parties, arising from, in whole or in part, directly or indirectly, as a result of the Grantee’s acts or omissions under this Agreement, except as may arise from the gross negligence or willful misconduct of the Indemnified Parties. Any damages, costs, charge or expenses of any nature whatsoever incurred by Grantee, with respect to any action, claim, suit or proceedings taken by or against Grantee and relating to expenditure of the Program or the Program Grant, shall not be paid out of the proceeds of the Program Grant.