Small Business Grants in NYC, Detroit, Seattle, Boulder and More

From large cities to small rural communities, small businesses across the country can benefit from grants. This week, several major cities announced new programs to support their local businesses. Read on for opportunities in NYC, Detroit, Boulder and more.

Antares REACH Grant Program Offers $20K in Grants to Underrepresented Entrepreneurs

Antares Capital, Hello Alice and the Global Entrepreneurship Network are teaming up to provide a new grant opportunity for small businesses. The Antares REACH Grant Program provides $20,000 in grants to underrepresented entrepreneurs preparing for their next growth phase.

To qualify, businesses must be at least 51 percent owned or operated by women, people of color, members of the LGBTQIA+ community, individuals with disabilities, or other underrepresented groups. Applicants must also have annual sales of less than $5 million and demonstrate financial need and plans for allocated funds.

The application deadline is July 15.

Detroit Promotes Community Activities

Ford’s Michigan Central launches a new $500,000 grant fund for businesses in Detroit’s Corktown neighborhood. The Advancing Community Business grant program supports approximately 25 small businesses in the Michigan Central Innovation District. In addition to funding, the program offers mentorship, education, training, and loan support.

To qualify, neighborhood businesses must be in existence for one to ten years, have two or more employees, and have annual sales of less than $500,000. June 30 is the deadline to apply.

Boulder ARPA Grants for Small Businesses

Boulder, Colorado is using some of its federal US Rescue Plan Act funding for a new small business grant program. The city offers two opportunities: a grant for small businesses and another aimed specifically at childcare companies. Grants can range from $1,000 to $5,000, based on financial need, operating conditions and planned use of funds.

June 20 is the application deadline and the city expects to start distributing the funds in July.

Seattle Ready for Business Fund

Comcast has partnered with the Greater Seattle Business Association to launch a new $200,000 grant program for small businesses in Washington. The Ready For Business Fund provides cash grants of $2,500 and supports approximately 80 small businesses.

Priority will be given to small businesses owned by people of color, women, members of the LGBTQ+ community and people in rural areas. The application period opens June 13.

Millbury ARPA Small Business Recovery Grant Program

The city of Millbury, Massachusetts offers small business grants to support pandemic recovery efforts. The city’s ARPA Small Business Recovery Grant Program provides emergency funding for businesses that have suffered financial losses or need support to keep their doors open.

Eligible companies can apply for a one-time grant of up to $15,000, but the final award is based on need and economic impact. Certain companies may be eligible for more than $15,000.

NYC 2022 Single Neighborhood Open Streets Grant

New York City’s 2022 Single Neighborhood Open Streets Grant is now accepting applications. The program provides up to $50,000 to business and economic development groups that support recovery efforts across the city.

Companies do not directly apply for subsidies. Instead, applicants must be Community Based Development Organizations (CBDOs), Business Improvement Districts (BIDs), local development companies, or trade associations that partner with the city’s Open Streets program. Local companies in those neighborhoods or commercial districts can then benefit from this financing.

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