What Micro-Enterprise Development Funding Covers (and Excludes)

GrantID: 65510

Grant Funding Amount Low: $15,000

Deadline: June 14, 2024

Grant Amount High: $15,000

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Summary

Those working in Youth/Out-of-School Youth and located in may meet the eligibility criteria for this grant. To browse other funding opportunities suited to your focus areas, visit The Grant Portal and try the Search Grant tool.

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

Arts, Culture, History, Music & Humanities grants, Awards grants, Community Development & Services grants, Community/Economic Development grants, Conflict Resolution grants, Education grants.

Grant Overview

Supporting Micro-Enterprise Development Programs

This funding program emphasizes the establishment and support of micro-enterprises within underserved communities. It specifically includes the provision of entrepreneurship training and capital assistance, while excluding funding for larger-scale businesses or initiatives with predominantly commercial goals.

For instance, a local organization might receive support to run a series of workshops that prepare aspiring entrepreneurs for the challenges of starting and operating a small business, coupled with opportunities for micro-loans to help them get started. Another example could be a mentorship program pairing new business owners with successful local entrepreneurs, fostering skill development and increasing the chances of sustainable business practices.

Projects that promote inclusivity in the entrepreneurial ecosystem are particularly suitable for this funding. However, applicants that primarily aim to support established businesses or those lacking a clear plan for community impact may find themselves at a disadvantage.

Emerging capacity requirements include a robust business training curriculum, the ability to connect entrepreneurs with vital resources, and a framework for ongoing support beyond the initial funding phase. Applicants will need to demonstrate a comprehensive understanding of the challenges faced by micro-entrepreneurs in their communities and a dedication to overcoming these barriers.

This grant ultimately aims to empower individuals through entrepreneurship, fostering local job creation and economic self-sufficiency. By supporting micro-enterprise development, the initiative positions small businesses as a crucial element of community resilience and economic strength.

Eligible Regions

Interests

Eligible Requirements

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Grant Portal - What Micro-Enterprise Development Funding Covers (and Excludes) 65510

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