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Small business grants can be especially beneficial for entrepreneurs facing significant challenges. Issues such as construction projects, severe weather, and vandalism can cause a business to close or suffer a significant loss. Many communities offer grants to improve outcomes. Read about some current options for businesses facing challenges or planning new ventures below.
Phoenix Small Business Financial Assistance Program
The city of Phoenix, Arizona, is still offering grants to local businesses affected by light rail construction projects in the city. The Small Business Financial Assistance Program is now in its fourth and final year. Initially, Valley Metro and the City of Phoenix collaborated in 2021 to award more than 200 grants, with a total funding of $1 million. The program is open to businesses along the South Central Extension/Downtown Hub construction corridor with 15 or fewer employees and annual revenue of less than $750,000. Eligible businesses can apply for between $4,500 and $9,000. The program ends at the end of 2024.
Granted severe weather in Logan County
The Ohio Chamber of Commerce Research Foundation is working on a program that provides grants to small businesses in Logan County that have been impacted by recent hurricanes and severe weather. Eligible businesses in need of assistance following the weather events that occurred on March 14 can apply for grants of up to $5,000 to cover various expenses needed to resume business operations. The Foundation also accepts donations from individuals and corporate sponsors who wish to support the grant program.
Las Cruces Storefront Repair Grant
Las Cruces, New Mexico, is offering $2,500 grants to help businesses repair storefront damage. The storefront repair grant was originally launched last year, providing a total of $400,000 in federal American Rescue Plan Act funds. To qualify, businesses must provide a police report and proof of damage that occurred since January 1, 2021. Businesses must also have no more than 40 full-time equivalent employees. More than half of the original funds are still available, so companies with repair projects are encouraged to apply. The deadline to use ARPA funds is 2026.
Calumet Large and Small Business Grant Programs
The Downtown Development Authority in Calumet, Michigan is launching a new program called the Large-Scale Project Grant Program: Enhancing Community Development. The program aims to support business improvement projects worth at least $100,000. Eligible businesses can apply for grants ranging from $5,000 to $10,000 to help with the overall cost. Eligible improvements can include interior and exterior improvements, sidewalk repairs, and more. Funds will be allocated annually, with applications accepted on a rolling basis.
DDA is also launching a program that supports small business ventures. The Small Business Grant Program: Empowering Business Growth will provide between $250 and $2,500 to eligible businesses in the area. Funds can be used for smaller projects such as signage and beautification improvements. Business owners will need to provide a 50 percent match.
Red Letter Grants in Wisconsin
Red Letter Grant, a Wisconsin nonprofit that supports women entrepreneurs, is currently offering a $2,000 grant to four small businesses. The program also recently expanded to include entrepreneurs from Barron, Burnett, Polk, Price, Rusk, Sawyer, Taylor and Washburn counties. In addition to the cash grant, recipients also gain access to a supportive network of professional women and increased exposure for their new ventures. April 15 is the application deadline.
Small Business Grants in Hancock County
Hancock County, Mississippi, recently announced a $75,000 grant program to support local business owners. Eligible businesses can apply for grants of up to $5,000, which they can use for marketing, supplies or renovations. The grant program was originally launched a few years ago to support women and minority business owners in the region. But this year applications are open to all small businesses that meet the requirements. April 15 is the deadline for applications.
Image: Envato Elements
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