Wells Fargo today announced a $25,000 grant to aid merchants in the Valencia Corridor of San Francisco.
The grant will be administered by the Valencia Corridor Merchants Association and the Lower 24th Street Merchants and Neighbors Association, who serve local businesses in the Mission District of San Francisco.
Many small businesses in this neighborhood were impacted by a recent wave of vandalism, and these funds will allow for repairs and improvements so that local merchants can reopen for business. Reports estimate that more than 30 businesses were damaged during a recent streak of vandalism, which amount to necessary repairs in the tens of thousands of dollars.
“This grant will help our local merchants make much-needed repairs like replacing broken windows, removing graffiti and aiding in the general clean up required to open their doors again,” said Erick Arguello, President of the Lower 24th Street Merchants and Neighbors Association.
“Many small businesses in the Valencia Corridor don’t have the cash reserves to handle unexpected expenses like vandalism,” said Deena Davenport, President of the Valencia Corridor Merchants Association
Businesses were damaged by a Black Bloc that rampaged through the District after an Occupy pre-May Day “ruckus party” against gentrification in Dolores Park. Local occupiers claim that the damage was not caused by occupiers. See prior story and video from inside the black bloc rampage here