Boost Your Small Business with Grant Opportunities
BusinessFormation.io is excited to share various grant programs that can help small businesses thrive and overcome challenges. Explore these opportunities and take advantage of the funding available to support your business growth.
Boston SPACE Grants: Filling Vacant Storefronts
Boston is launching another round of its successful SPACE grants program, providing support to small businesses and filling vacant commercial spaces in downtown and other neighborhoods. Eligible businesses can receive grants of up to $200,000 to open their first physical location or expand to a new one in the city. Priority will be given to businesses filling vacant storefronts and those most impacted by the COVID-19 pandemic. Don't miss the deadline on November 10th.
New Jersey STEP Grant: Expanding International Trade Efforts
The New Jersey Business Action Center has received $850,000 in federal funds to support the State Trade Expansion Program (STEP). This initiative assists eligible small businesses entering the export market or seeking to expand their international trade efforts. The program is part of a nationwide initiative by the U.S. Small Business Administration, offering funding to state agencies to disperse to businesses interested in international trade opportunities. Apply through the NJBAC's Office of Export Promotion.
King County Storefront Repair Program: Recovering from Vandalism
Small businesses in unincorporated parts of King County, Washington, can benefit from the Storefront Repair Program. If your business has experienced vandalism or break-ins, you can apply for up to $5,000 to repair or restore damaged storefronts. Eligible businesses include retail, grocery, food service, medical, and professional service businesses with ten employees or less. Apply by December 31st, pending fund availability.
Accessity U.S. Bank Foundation Grant: Supporting Southern California Businesses
Accessity, a nonprofit lender in Southern California, has received a $750,000 multiyear grant from the U.S. Bank Foundation. This grant aims to help small business owners in the lender's service area by providing access to funding and educational resources. Accessity specializes in assisting businesses that have faced challenges in accessing capital due to operating histories, credit issues, or language barriers.
AICPA Foundation Grants: Supporting CPA Exam Candidates
The AICPA Foundation is offering grant scholarships to U.S. citizens or permanent residents seeking a CPA license. Candidates can receive up to $1,500 to cover exam fees, preparatory courses, and materials. This opportunity is not limited to those starting businesses but can be valuable for aspiring CPAs looking to start their own firms in the future.
Walmart.org Russell Innovation Center for Entrepreneurs Grant: Empowering Atlanta's Black Community
Walmart.org has presented an $800,000 grant to the Russell Innovation Center for Entrepreneurs in downtown Atlanta. This grant aims to stimulate entrepreneurship in Atlanta's Black community by creating and staffing a new academy focused on teaching the fundamentals of entrepreneurial success.
Stay tuned to BusinessFormation.io for more small business news and opportunities.
Impact of Grant Opportunities on New LLCs
For new Limited Liability Companies (LLCs), the various grant opportunities highlighted by BusinessFormation.io can significantly influence their financial stability and overall growth.
Boosting Business with Grant Funding
Grant programs like the Boston SPACE Grants, the New Jersey STEP Grant, and the King County Storefront Repair Program can provide essential financial support to new LLCs. These grants can help businesses establish their first physical location, expand their international trade efforts, or recover from vandalism, respectively.
Supporting Diverse Businesses
Grants such as the Accessity U.S. Bank Foundation Grant focus on supporting businesses that have traditionally faced challenges in accessing capital, offering a lifeline to new LLCs that might otherwise struggle to secure funding.
Empowering Future Entrepreneurs
The AICPA Foundation Grants and the Walmart.org Russell Innovation Center for Entrepreneurs Grant provide valuable resources to aspiring entrepreneurs, including those considering starting their own LLCs. These grants can cover exam fees for CPA candidates and stimulate entrepreneurship in specific communities.
In conclusion, the grant opportunities outlined by BusinessFormation.io can significantly impact the success and growth of new LLCs. By tapping into these resources, new LLCs can secure much-needed funding, overcome challenges, and drive their success. Stay informed and take advantage of these opportunities to maximize your business's potential.
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