Small companies can use grant funds to revitalize communities, get well from challenges, or create high quality jobs. This week, authorities companies and firms launched a number of alternatives that cowl these numerous targets. Learn on to be taught extra about these applications.
American Specific Backing Small Enterprise Grant Program
American Specific and Most important Avenue America simply opened the second iteration of the Backing Small Companies grant program. This yr, this system is providing much more grants, with a complete of $2.3 million accessible. Eligible enterprise homeowners can apply for grants of $5,000 grants to cowl bills used to improve or develop their companies. Current companies that may enhance historic downtown areas or neighborhood business districts will probably be prioritized, and 350 whole companies will obtain funding. The deadline to use is April 7, and grantees will probably be introduced in June.
Illinois Again to Enterprise Program
The Illinois Division of Commerce and Financial Alternative is launching a brand new spherical of the state’s Again to Enterprise grant program. This spherical contains $175 million in accessible funds from the American Rescue Plan Act. This system will concentrate on companies that had been hit hardest by the pandemic, together with eating places, motels, and artistic arts organizations. The division will use declining revenues proven on tax returns to find out the quantity of every award. Nonetheless, for motels, funding will probably be primarily based on the variety of rooms. All eligible companies that apply will obtain funds, so quantities could range relying on the variety of candidates. The applying interval will open April 5 by means of Could 10.
Argyle Small Enterprise Grant Program
Argyle, Texas is providing a brand new Small Enterprise Grant program assist companies that had been negatively impacted by the pandemic.This system contains $250,000 in American Rescue Plan Act funds, and particular person grants will vary from $5,000 to $25,000. The quantity of every award will probably be primarily based on the enterprise’s annual income from 2020. And funds have to be used to cowl eligible enterprise bills. The deadline to use on-line is April 3.
South St. Petersburg Microfund Program
South St. Petersburg, Florida plans to launch its Microfund Program this spring to assist native small companies. Enterprise homeowners that apply for this system will create an enchancment plan, undergo an academic program, and work with a enterprise mentor. After finishing the 45-day program, small enterprise homeowners with a brick and mortar location can apply for grants of as much as $10,000. Co-working and home-based companies can apply for as much as $5,000. And startups can apply for as much as $2,500.
El Paso COVID Grants Program
El Paso, Texas is partnering with nonprofit lender LiftFund to launch a brand new COVID Grants Program. The town is dedicating $2.15 million to this system, which will probably be distributed in increments of $10,000 to eligible companies and nonprofits. Eligible bills embrace payroll, working capital, lease, stock, and numerous working prices. Companies and organizations that haven’t obtained prior COVID reduction grants will obtain precedence. Purposes can be found now by means of Could 31, or till funds are exhausted.
Philadelphia High quality Jobs Program
The Philadelphia High quality Jobs Program goals to assist the town’s companies entice and retain employees whereas offering high quality wages to people. Eligible enterprise homeowners can apply for grants once they create new jobs. To qualify, employment alternatives have to be full-time positions for Philadelphia residents that pay a residing wage of at the least $15 per hour, present medical health insurance advantages, and provide paid time without work. Moreover, the remainder of the employer’s full-time workforce should meet these necessities, although grants solely apply to new hires. Qualifying companies can apply for as much as $125,000 by means of this system, with every full-time rent eligible for $5,000.
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