Smart Start Grant for Small Business Growth and Acceleration in Virginia (USA)
GrantID: 76050
Grant Funding Amount Low: $500
Deadline: Ongoing
Grant Amount High: $5,000
Summary
Unlock the potential of your small business or nonprofit with a unique funding opportunity aimed at fostering growth and sustainability in Portsmouth, Virginia. This program offers financial assistance to help eligible entities enhance their operations, increase competitiveness, and support long-term success.
With grants available up to $5,000, businesses can leverage these funds for strategic investments that directly contribute to their development.
This initiative is specifically designed for for-profit small businesses and nonprofit organizations operating within Portsmouth. To qualify, applicants must have been in business for three to ten years and employ ten or fewer full-time equivalent staff. The grant operates as a matching reimbursement program, covering 80% of eligible costs incurred within a 90-day window post-award, provided that businesses demonstrate a five-to-one match.
Eligible expenses include professional services, small-scale production equipment, technology upgrades, and essential business infrastructure. By investing in these areas, businesses can significantly enhance their capacity and resilience in a competitive market. This funding opportunity is structured to address the specific needs of Portsmouth’s entrepreneurial community, ensuring that all funded activities contribute to the local economy’s vibrancy.
Applications are accepted in multiple rounds throughout the fiscal year, making this an accessible option for businesses looking to take the next step in their growth journey. By participating in this program, applicants not only gain financial support but also join a network of local enterprises focused on innovation and expansion.
Seize this chance to elevate your business and positively impact the community. Embrace the resources available to you and watch your vision come to life with the right support.
Organizations and individuals based in Virginia who are engaged in Other may be eligible to apply for this funding opportunity. To discover more grants that align with your mission and objectives, visit The Grant Portal and explore listings using the Search Grant tool.
Eligible Regions
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Eligible Requirements
