Grant funding is an excellent way to get business funding that doesn’t have to be paid back. For start-ups and small businesses, this can be a critical way to meet their financial needs without having to go into debt. There are resources available for local business funding in Florida City, though they can take some time to find. We’ve found excellent sources, and this is just a small portion of the money that’s available to you as a business owner in South Florida!
Here Are 7 Sources for Local Business Funding in Florida City
Federal Small Business Grants
The federal government has a vast range of agencies that support all manner of business. Federal grants are often more complicated to apply for but are worth researching and applying for because the rewards are often worth the effort.
1. Grants.gov: This database is large and comprehensive. It is a searchable database with federal grants provided by agencies such as the USDA and the CDC.
2. Small Business Innovation and Research and Small Business Technology Transfer Programs: These federal grant programs focus on science and innovation. The grants are competitive and have specific eligibility requirements.
State and Local Business Grants
Local grants are often a great option, and they’re often more accessible application processes than federal grants as you’re not competing against as many people.
3. Economic Development Administration: The US Department of Commerce works in each state to provide resources in the form of grants and resources.
4. Minority Business Development Agency: This agency focuses on providing grants, resources, and contracts for minority business enterprises.
5. Amber Grant for Women: This group offers $10,000 monthly grants and two annual grants of $25,000 to women entrepreneurs. This grant only requires one application.
6. The FedEx Small Business Grant Contest: Each year, FedEx gives money to small businesses that have been in operation for longer than six months and have no more than 99 employees.
7. National Association for the Self-Employed: Membership is required, but the NASE gives out $4,000 grants to self-employed business owners.
For More Information, Turn to EDC South Miami-Dade
Finding funds for your local business in Florida City just got easier! We have many resources available to help support everyone from start-ups to established businesses that have supported our communities for decades. Contact us today to learn more!