The City received a total of 157 applications requesting $2,816,762 in funding, the Malibu Administration and Finance Subcommittee was only able to award 46 grants through the Small Business Micro Stabilization Grant Program totaling $300,000. The need exceeded the amount of funding allocated which demonstrates the impact on small businesses in our community and we’re committed to continuing our local business support through both regional partnerships and direct assistance. Additional consideration was given to small businesses with more than 2 employees.