Up to $3 Million Readily available for Companies That Appreciate Vacant Downtown Areas

Many Predominant Avenue companies like closed at the moment, leaving vacant storefronts in communities throughout the U.S. Now, some communities are launching tiny industry grant functions to serve extra companies to possess these areas. One such program launched this week, along with a lot extra alternatives for tiny companies nationwide.

Washington, D.C. Downtown Recovery Grants

Washington, D.C., is presently offering grants for companies that beginning recent storefronts or prolong their companies the usage of vacated downtown properties. The Downtown Recovery Grants program entails $3 million in complete funds, which eligible companies can exhaust to masks construction, rent, and utilities. Town expects to award grants of between $200,000 and $3,000,000 to as a lot as 5 companies. To qualify for grants, companies ought to rent a put within the Downtown Industry Enchancment District or the Golden Triangle Industry Enchancment District that has been vacant for as a minimal six months.

grants for companies that possess vacant downtown areas

Nebraska Little Industry Assist Act Program

Nebraska is dedicating $4.2 million in funds to its recent Little Industry Assist Act Program. The Nebraska Division of Economic Pattern and Grown Nebraska Foundation will administer the program, which presents grants of as a lot as $25,000 for recent companies and as a lot as $12,500 for recent companies that opened throughout the previous 5 years. Companies can exhaust grant funds for diversified functions, including startup costs, working capital, franchise charges, instruments, or renovations. To qualify, companies ought to kind now no longer like from now on than 5 stout-time workers. Positive aspects are being accredited now. And awards might perchance be given on a rolling basis till funds like been exhausted.

Birmingham Penny Foundation Grants

Birmingham, Alabama, is partnering with the Penny Foundation to present a grab to tiny companies located in obvious neighborhoods of town. This system entails $125,000 in complete funds, with grants of between $1,000 and $2,500 available to eligible companies. Companies can exhaust grant funds to masks diversified charges treasure mortgage, rent, or constructing enhancements. The application duration is beginning from February 1 thru 15. The winners might perchance be announced on February 29.

Nantucket Rock Stable Grant Program

The Nantucket Island Chamber of Commerce is presently working the sixth round of its Rock Stable Grant program. Funded in segment by ReMain Ventures, the chamber within the foundation launched the program in 2020 to assist local companies throughout the pandemic. This system has since expanded, awarding 87 grants rate over $433,000 over six grant cycles. This funding round targets to present a grab to a recent community of companies that deserve to expand or stumble on recent alternatives. February 29 is the closing date to have a look at.

Innovate Alabama

Alabama is offering as a lot as $250,000 in funding to eligible companies thru its Innovate Alabama program. Innovate Alabama began in 2020, so right here is the fourth round of the program. To this level, Innovate Alabama has awarded $10 million to tiny companies throughout the speak. The grant program is beginning to companies that purchased federal funding thru the Little Industry Innovation Research Grant (SBIR) or a Little Industry Technology Transfer Grant (STTR) program. Companies that purchased these grants can observe for supplemental grants now thru February 16.

Little Industry Provides

Magic Metropolis Match

Rev Birmingham, an economic pattern nonprofit in Birmingham, Alabama, is accepting functions for its Magic Metropolis Match grant initiative. This system supports Black entrepreneurs taking a investigate cross-take a look at to prefer their companies to the next level. As well to grant funds, the program presents sources to contributors treasure free industry teaching, real estate aid, and monetary education. The group is accepting functions for the program thru the cease of February.

Image: Envato Components

Extra in: Little Industry Grants

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