We understand that you’re constantly seeking ways to grow your business and create jobs. This program is a golden opportunity to access grants tailored to support economic development in distressed areas. With these funds, you can kickstart projects that directly benefit your operations and local community, without the weight of repayment.

Why apply? The application process is designed to be straightforward, allowing you to focus on what you do best. With no limits on revenue or employee count, businesses of all sizes can take part. This means your unique innovations can come to life, all while attracting private investment into your business and community.

What’s in it for you? Not only will you gain access to funds that can stimulate growth and enhance your strategies, but you’ll also play a vital role in uplifting your community. By putting these resources to work, you’ll elevate your business while making a positive impact. This program stands out as an efficient way to secure needed support and becomes a stepping stone for your ambitions.

Type of Financing

The financing offered in this program comes in the form of grants and cooperative agreements. These funds do not need to be repaid, which makes them an excellent option for businesses looking to support their growth without the burden of debt.

Repayment Terms and Interest Rates

Since these are grants, there are no repayment terms or interest rates associated with them. This means you can use the funds to invest in your business without worrying about making monthly payments or accruing interest.

Eligible and Ineligible Expenses

You can use the grant funds for various eligible expenses, which typically include research, technical assistance, and implementing economic development strategies. However, the funds cannot be used for personal expenses, debt repayments, or anything unrelated to your business development plans.

Fees Associated with the Program

There are no fees associated with applying for or receiving these grants, making it a seamless option to secure funding for your business.

If you have any questions about the specifics, feel free to reach out. We're here to help!

• Business Location: Must be located in the United States.
• Sectors: Open to all sectors.
• Employees: No minimum or maximum employee requirements.
• Company Revenue: No minimum or maximum revenue qualifications.
• Legal Structure: All legal structures are applicable.
• Profit Structure: All profit structures are applicable.

Disqualifications:

• Businesses that do not submit a Concept Proposal will be ineligible to submit a Full Application.

The program focuses on supporting economic development in areas that need it the most. This means you can access grants to help your business grow, create jobs, and attract private investment. These funds can be used for a variety of purposes, including research and technical assistance projects that aim to strengthen your local community and enhance economic strategies.

There are no limitations on revenue or the number of employees you have, making it accessible for all business sizes. This is a chance to unlock resources that can help you innovate and implement new ideas in your operations, allowing your business to thrive.

Moreover, the application process is designed to be straightforward, which means you can focus on what matters — growing your business. The funds do not need to be paid back, freeing you to invest them where they will have the most impact. Take advantage of this opportunity to invest in your vision!