Small companies can use grant funds to revitalize communities, get better from challenges, or create high quality jobs. This week, authorities companies and companies launched a number of alternatives that cowl these numerous objectives. Learn on to study extra about these packages.
American Specific Backing Small Enterprise Grant Program
American Specific and Primary Road 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 out there. Eligible enterprise house owners can apply for grants of $5,000 grants to cowl bills used to improve or develop their companies. Present companies that may enhance historic downtown areas or neighborhood industrial districts shall be prioritized, and 350 complete companies will obtain funding. The deadline to use is April 7, and grantees shall 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 consists of $175 million in out there funds from the American Rescue Plan Act. This system will concentrate on companies that have been hit hardest by the pandemic, together with eating places, inns, and artistic arts organizations. The division will use declining revenues proven on tax returns to find out the quantity of every award. Nevertheless, for inns, funding shall be based mostly 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 via Might 10.
Argyle Small Enterprise Grant Program
Argyle, Texas is providing a brand new Small Enterprise Grant program help companies that have been negatively impacted by the pandemic.This system consists of $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 shall be based mostly 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 help native small companies. Enterprise house owners 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 house owners 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 shall 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 via Might 31, or till funds are exhausted.
Philadelphia High quality Jobs Program
The Philadelphia High quality Jobs Program goals to assist town’s companies appeal to and retain staff whereas offering high quality wages to people. Eligible enterprise house owners can apply for grants after they create new jobs. To qualify, employment alternatives have to be full-time positions for Philadelphia residents that pay a dwelling wage of at the very least $15 per hour, present medical insurance advantages, and supply 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 via this system, with every full-time rent eligible for $5,000.
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