Small businesses can use different types of support when starting up or facing challenges. This may include direct grants or economic support through the community.
Learn about this program and other small business grants below.
LISC State Farm Grant Partnership
State Farm distributes grants through its partnership with the Local Initiatives Support Corporation. The national nonprofit community development organization focuses on stimulating economic opportunity in underserved communities. And State Farm is supporting that mission with a new $2 million grant. A portion of the funding will go to general community development initiatives. But others can support businesses in the communities served by LISC through programs like Financial Opportunity Centers and Trade Corridors. This latest round of funding will focus resources in 12 metro areas, including Atlanta, the Bay Area, Central Illinois, Chicago, Houston, Indianapolis, Milwaukee, the Twin Cities, New York, Philadelphia, Phoenix and Puget Sound. .
Washington DC Midsize Growth Fund
Washington DC recently launched its Medium Business Growth Fund to retain and grow business activity throughout the district. The program supports capital improvements, major equipment purchases, and technology upgrades. To be eligible, companies must have no more than 100 employees and generate less than $15 million in revenue per year. The fund focuses on companies in four categories, including retail, local manufacturing, small business investment projects and technology advancements. New and existing businesses can apply before the May 27 deadline.
Olean Marketing and Rent Grants
An Olean, New York grant program supports local small businesses with $100,000 in assistance. Small businesses can apply for funds to cover various marketing costs such as logo design, e-commerce, and advertising. The city also offers an additional $100,000 grant program to help businesses pay rent. Eligible businesses can apply for grants that would cover up to 25% of their rental costs for up to two years. Businesses can apply for up to $5,000 under each program. There are several rounds to give companies plenty of opportunities to apply. The first deadline is May 13, followed by additional rounds ending on June 10, July 15, and August 12.
Landmarks Illinois Banterra Bank Preserve Southern Illinois Grant
Landmarks Illinois and Banterra Bank are partnering to create a new grant program in Southern Illinois. The Banterra Bank Preserve Southern Illinois Landmarks Illinois Grant will provide grants to businesses that renovate or preserve historic buildings in the area. Individual grants can range from $500 to $2,500 and cover expenses over a two-year period. The first round should be launched this summer and the deadline will be July 15.
Trinity County Small Business Grant Program
Trinity County, California is supporting small businesses impacted by COVID-19 with a new grant program. Grants of up to $25,000 are available for businesses with between 6 and 20 employees. Businesses with between one and five employees can apply for up to $10,000. Additionally, businesses must have been in operation since at least March 2020, have a physical location, and demonstrate financial loss due to COVID. The application is available online now.
PfCares Small Business Grant Program
Pflugerville, Texas is offering $920,000 in American Rescue Plan Act funds to support local small businesses. This is actually the second round of the PfCares small business grant program. But this time, the eligibility conditions are less strict. For example, businesses without employees can apply and more locations are eligible for funding. In the first round, 31 companies received grants ranging from $20,000 to $75,000. This next cycle should be launched in May.
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