What Local Business Funding Covers (and Excludes)

GrantID: 58125

Grant Funding Amount Low: Open

Deadline: August 31, 2023

Grant Amount High: Open

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Summary

Eligible applicants in with a demonstrated commitment to Other are encouraged to consider this funding opportunity. To identify additional grants aligned with your needs, visit The Grant Portal and utilize the Search Grant tool for tailored results.

Explore related grant categories to find additional funding opportunities aligned with this program:

Arts, Culture, History, Music & Humanities grants, College Scholarship grants, Community Development & Services grants, Community/Economic Development grants, Education grants, Income Security & Social Services grants.

Grant Overview

Funding to promote sustainable local businesses emerges from a trend of revitalizing community economies through support initiatives. In the last few years, an increased recognition of the importance of local businesses in economic resilience has driven policymakers to allocate more resources towards this sector. This funding can cover elements like business development training, mentorship opportunities, and access to micro-loans for promising entrepreneurs.

A typical use case may involve a local chamber of commerce developing a training program for aspiring small business owners, focusing on essential skills such as budgeting, marketing, and customer service tailored for the local context. On the other hand, grants could aid in establishing a local market for artisans and farmers, encouraging consumers to prioritize locally-sourced products.

Eligible applicants primarily include chambers of commerce, business associations, and nonprofit organizations dedicated to economic development. Businesses looking for direct funding for their operations without a proven community focus often fall outside eligibility criteria.

Fit assessment criteria will require an application to include how the proposed initiatives will lead to increased job creation or revenue growth within the local economy. Plans that delineate clear strategies for engaging various community members are likely to be prioritized.

Eligible Regions

Interests

Eligible Requirements

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Grant Portal - What Local Business Funding Covers (and Excludes) 58125

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