In its third year, the Backing Small Businesses grant program offers $10,000 grants to support small businesses and drive meaningful change in communities.
Why it matters: This program prioritizes businesses with community reach, contributing to cultural and economic vibrancy, and fostering a sense of identity within neighborhoods. Eligible small business owners have the opportunity to strengthen their businesses and make a lasting difference in their communities.
By the numbers: The program, initiated in 2021, has grown significantly. In its second year, it granted over $2.3 million to 350 businesses, and now it has doubled its funding to over $5.7 million, with applications opening for 500 $10,000 grants.
The big picture: The Backing Small Businesses grant program empowers economically vulnerable and under-resourced small businesses, enhancing their business viability and sustainability efforts.
What's next: Recipients of the $10,000 grants will be required to submit a final grant report and outline plans for the $30,000 Enhancement Grant.
What they're saying: "As we embark on this year's grant cycle, we invite eligible small business owners to seize this opportunity to strengthen their businesses and make a lasting difference in their communities. Together, we can cultivate economic vitality and drive positive change for all."
Go deeper: For further details on the program timeline and application process, click here.