With 2023 coming to a close, it’s a perfect time for small businesses to evaluate their goals and start planning projects for 2024. Small business grants can help businesses meet goals for the end of the year or start the following year on a positive note. Read about several opportunities with deadlines this November below.
Boston SPACE Grants
Boston is opening a second round of funding through its Supporting Pandemic Affected Community Enterprises (SPACE) grants. This round of the program will award grants of up to $200,000 to about 20 businesses. The program aims to fill empty storefronts throughout the city’s commercial districts and narrow the racial wealth gap. Businesses can apply for funds to help open their first physical location or expand to a new location in the city. Priority will be given to businesses in downtown areas and commercial districts, as well as industries that were most impacted by the COVID-19 pandemic, like food and retail. The program, which is funded through the American Rescue Plan Act, has already awarded more than $2.8 million in funds to 24 entrepreneurs throughout the city. The deadline for this round of the program is November 10.
Metro Detroit Black Business Alliance Small Business Investment Program
The Metro Detroit Black Business Alliance is offering $2,500 grants to up to 200 small businesses throughout the area. The program aims to boost investment confidence and participation specifically among the region’s Black-owned small businesses. The Small Business Investment program is funded through a $1 million grant from Prudential Financial. Businesses that are awarded funds will receive a Stackwell Capital Inc. investment account. And the grant money will be distributed into those accounts monthly. To qualify, businesses must be Metro Detroit Black Business Alliance members and participate in at least two of six Prudential Pathways Seminars in the Black Wealth Workshop Series. That series runs from October 25 through November 9. The deadline to apply for the grant program is November 17.
Enid Microenterprise Grants
The Enid Regional Development Alliance in Enid, Oklahoma, is currently accepting applications for the fourth round of its microenterprise grants program. During this round, ERDA plans to award $5,000 grants to six local businesses. To qualify, businesses must have a brick-and-mortar location within Enid city limits, have six or fewer full-time equivalent employees, and meet income requirements set by the Office of Housing and Urban Development. Grant recipients must also partner with ERDA and the Strate Center at Autry Technology Center for business coaching and other assistance programs. Interested businesses must submit applications by November 10.
Grow Seneca Grant Program
The Grow Seneca Grant Program is a new initiative that aims to bolster local small businesses in Seneca, New York. The $500,000 program is funded through the American Rescue Plan Act. So the county plans to distribute funds equitably to small businesses that were negatively impacted by the pandemic to help them positively affect the local economy. Eligible businesses can apply for up to $10,000 through the program, with applications available both online and in hard copy form through the county. The final date to submit an application is November 22.
Montana Tribal Tourism Grant
The Tribal Tourism Grant is one of several recent small business grant programs that aim to support tribal initiatives across Montana. This program specifically targets tribal-owned businesses and projects that enhance tourism and showcase indigenous traditions across the state. The program includes $120,000 in total funds for eligible businesses and organizations. The application period is currently open and runs through November 30.
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Source : SmallBizTrends