Incentive Amount:
The grant program is a 50% match of all approved project costs in an amount between $15,000 and $50,000.
Minimum total investment of $30,000.
Target Audience:
Designed specifically for existing small businesses within the community.
Typically applies to businesses that meet the criteria of a small business based on revenue, number of employees, or other local definitions.
Objective:
Focused on supporting the growth and sustainability of small businesses.
Aimed at helping small businesses overcome challenges, expand operations, or improve competitiveness.
Eligible Activities:
Operational improvements, such as equipment upgrades, technology enhancements, or facility improvements.
Marketing and promotional activities to increase customer base and sales.
Training and development programs to enhance employee skills and productivity.
Typical Grant Size:
Generally smaller compared to new business grants, reflecting the scale and scope of small business operations.
Impact on Community:
Strengthens the local economy by supporting the backbone of the community’s business landscape.
Helps maintain and increase local employment, improving the overall business ecosystem.