Every small business faces different challenges during its journey. For example, some entrepreneurs face barriers to entry because they are low-income or members of underprivileged communities. Others face sudden challenges such as wildfires. And many businesses are still reeling from the pandemic, especially those in the hospitality industry.
Small business grants can help businesses recover from these hardships. Read below about the current opportunities for companies in different locations.
Nebraska Fiserv Various Small Business Grants
Fiserv, a provider of financial technology services, offers $10,000 grants to several small businesses in Nebraska. The Back2Business grant program includes a total of $1 million in funding, along with additional support for operations and marketing. To qualify, several small businesses must have 10 or fewer employees and must have been operating before January 2021. Applications are continuously accepted.
Connecticut Hospitality COVID-19 Recovery Grants
Connecticut provides $30 million in grants to hospitality businesses across the state. The Connecticut Department of Revenue Services will distribute the checks, which range from $7,500 to $49,999. To qualify, companies in this industry must have suffered a loss of 15 percent or more in gross revenue between 2019 and 2021 and meet other eligibility criteria. Businesses do not need to apply for these grants, as the DECD analyzes data from company receipts and automatically sends out money.
New Mexico Wildfire Relief Grant Program
The Wildfire Business Assistance Grant Program supports small businesses in certain areas of New Mexico that have been damaged by wildfires. Entrepreneurs and the self-employed can apply for funds to address physical damage or reduced income caused by the recent wildfires. To qualify for priority aid, businesses must be located within the boundaries of the Presidential Disaster Declaration for the Big Hole, Calf Canyon/Hermit’s Peak, Cooks Peak and McBride fires. Grants can yield between $5,000 and $20,000, depending on the extent of damage or lost income. The application period opens on August 15 and ends on August 26. If extra funding is left over, additional funding rounds may be opened later in the year.
Hawaii Energy EmPOWER Grant Program
Hawai?i Energy supports sustainable business initiatives through the EmPOWER Grant program for 2022-2023. Nonprofits and small businesses pursuing energy efficiency projects, such as LED lighting installation, Energy Star-certified commercial kitchen appliances, and efficient HVAC systems, can apply for grants of up to $5,000. Eligible companies have until September 30 to apply for funding.
Waukegan Micro Enterprise Small Business Loan Program
Waukegan, Illinois offers grants of up to $15,000 and loans of up to $10,000 to select physical or home-based businesses. To qualify for the Micro Enterprise Small Business Loan Program, companies must have five or fewer employees who are considered low-income. To meet this threshold, individuals must earn less than $58,350 per year, couples must earn $66,700 or less, and must earn less than $83,350. Grants are awarded on a first come, first served basis.
Elevate Vermont SBIR/STTR Program
Elevate Vermont is a new accelerator program designed to help the state’s small businesses stay relevant in a global marketplace. This state program applies to companies that have won federal SBIR/STTR programs, or to companies that want to apply. The program does not provide additional funding, but does provide one-on-one SBIR/STTR application assistance and other support programs for innovative companies.
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This post Several small businesses may be eligible for $10,000 grants was original published at “https://smallbiztrends.com/2022/08/grants-for-diverse-small-businesses.html”