Business and Commerce Grants
Explore 2,198 grant opportunities for business and commerce initiatives
Application Deadline
Sep 27, 2024
Date Added
Jun 24, 2024
The Mayor’s Matching Grant program, funded by the City of Orlando, offers $500 to $5,000 in matched funding to neighborhood organizations for projects that enhance the neighborhood, such as beautification, crime prevention, and sustainability, with the aim to address community needs and improve quality of life.
Application Deadline
Jul 28, 2024
Date Added
Jun 21, 2024
The City of Savannah's 2025 Arts & Cultural Enrichment Grant Program aims to provide high-quality, innovative, and creative art and cultural programs that serve as catalysts for achieving the City's broader goals. This program is aligned with the City's mission to increase economic growth, improve built environments, strengthen community, engage and inspire young people, and enhance access to art and culture for residents. The program seeks to integrate the creative sector strategically to address these priorities in a measurable way, contributing to a vibrant and thriving Savannah. The target beneficiaries for this grant program include the residents of Savannah, particularly those who will experience increased access to art and culture in their communities, as well as young people who will be engaged, developed, and inspired through imaginative approaches. The impact goals are to foster economic growth through skill-building, employment, and entrepreneurship within the creative sector; improve the aesthetics of built environments; build and reinforce a strong sense of community; and reestablish, enrich, and/or preserve vibrant neighborhoods and the quality of life in Savannah. The program's priorities and focuses are clearly defined to address key city objectives. These include increasing economic growth through skill-building, employment, and entrepreneurship; improving the aesthetics of built environments through creative programs; expanding art and cultural experiences to new and diverse audiences and participants; building and reinforcing a strong sense of community throughout Savannah; engaging, developing, and inspiring young people through imaginative and innovative approaches; reestablishing, enriching, and/or preserving vibrant neighborhoods; and increasing access to art and culture in close proximity to where residents live. Expected outcomes include a measurable increase in economic growth attributed to arts and cultural initiatives, enhanced visual appeal of public and private spaces, broader participation in arts and cultural activities across diverse demographics, a stronger sense of community cohesion, and positive developmental impacts on youth. Proposals are sought that strategically position the disciplines of the creative sector to address these City priorities in a measurable way, with funding contingent on the annual availability of funds and the strength of the proposals in demonstrating alignment with these outcomes.
Application Deadline
Jul 15, 2024
Date Added
Jun 21, 2024
The City of West Haven's American Rescue Plan Act Storefront Façade Improvement Grant Program aims to enhance the character and attractiveness of the downtown area and other public shopping and pedestrian areas. This initiative seeks to improve West Haven’s overall aesthetic and vibrancy by preserving or upgrading existing storefront facades, contributing to the economic revitalization and community well-being of the city. While the prompt mentions "foundation mission alignment" and "foundation's strategic priorities and theory of change," the provided text describes a city-run grant program rather than a foundation. Therefore, the alignment is with the city's goal of urban improvement and economic development for its small businesses. The program primarily targets for-profit small businesses located within the City of West Haven, defined as having no more than 50 full-time employees and meeting the criteria of a small business concern as per the Small Business Act. These businesses must be in good standing with the City and the Connecticut Department of Revenue Service, and cannot have received alternate funding for the same intended costs. The grant also has specific eligibility for property owners or businesses with lease terms extending through June 2026 if they lease their space. The impact goals are centered on fostering a more inviting and safer urban environment, encouraging local commerce, and supporting the financial health and longevity of West Haven's small businesses. Key priorities and focuses of the grant program include exterior improvements such as new windows, doors, awnings, painting, attached signage, siding, brick appointing, and exterior lighting. It also covers HVAC installation/upgrades and outdoor dining/patio space (if affixed to the building). The program explicitly excludes work completed prior to agreement execution, new construction, temporary improvements, neon signs, interior improvements, roofs (unless part of a larger project), and the removal of architecturally significant features. This selective approach ensures that funds are directed towards improvements that directly contribute to the facade's visual appeal and the overall streetscape. Expected outcomes of the program include a noticeable improvement in the appearance of storefronts, leading to increased foot traffic and commercial activity in the downtown and other public shopping areas. The addition of safety measures like enhanced lighting is anticipated to create a more secure environment for pedestrians and patrons. By providing financial assistance for these upgrades, the City of West Haven expects to stimulate local economic growth, retain existing businesses, and attract new investments, thereby reinforcing the city's identity as a vibrant and thriving community for its residents and visitors.
Application Deadline
Jul 15, 2024
Date Added
Jun 21, 2024
The City of San Antonio's Small Business Construction Support Grant Program aims to provide financial assistance to eligible micro and small business owners whose enterprises are negatively affected by city-initiated construction projects. This initiative, funded by the City of San Antonio and managed by LiftFund, allocates $1,459,168 to support for-profit small businesses, with individual grants ranging from $5,000 to $35,000. The program's core objective is to mitigate the financial hardship experienced by businesses due to construction-related disruptions, thereby fostering economic stability and continuity within impacted commercial zones. The primary beneficiaries of this grant program are micro and small retail or service businesses that rely on customer foot traffic for their operations and are situated within designated construction zones. To be eligible, businesses must have generated a minimum of $10,000 in gross sales in 2022, meet the SBA Size standard for small businesses based on their NAICS code, and demonstrate a net profit/loss in 2022 that is at least $5,000 greater than in 2023. This focus ensures that the support reaches businesses that are actively contributing to the local economy and have experienced a measurable decline in profitability due to construction. The program specifically excludes non-profits, gambling/gaming businesses, franchisors, sexually oriented businesses, payday & auto loan providers, liquor stores, and businesses with a City employee or officer having a financial interest, ensuring the funds are directed towards a specific segment of the business community. The program prioritizes businesses that are currently operational, have not filed for bankruptcy, and are committed to remaining in their eligible construction zone for at least one year from the grant award date. This ensures the grants support resilient businesses that are integral to the community and will continue to operate in the affected areas. A key focus is on demonstrating financial impact, requiring applicants to show a significant difference in net profit/loss between 2022 and 2023, directly linking the need for support to the construction-related challenges. Expected outcomes include the sustained operation of small businesses within construction-impacted areas, job retention, and the overall economic recovery of affected commercial corridors. Measurable results will likely include the number of businesses receiving grants, the total amount of grant funds distributed, and potentially, tracking the survival rate of these businesses post-grant. The program's success will be measured by its ability to alleviate financial stress on small businesses, allowing them to weather construction periods without significant long-term negative impacts, and contributing to the vibrancy of San Antonio's local economy.
Application Deadline
Jul 15, 2024
Date Added
Jun 21, 2024
This funding opportunity supports Scottsdale-based non-profit arts and culture organizations in delivering diverse programs and events that enhance the community's cultural landscape.
Application Deadline
Oct 31, 2024
Date Added
Jun 21, 2024
This program provides financial assistance to business owners and tenants in Newberry's historic downtown to improve the appearance of their building facades, promoting preservation and aesthetic enhancement.
Application Deadline
Not specified
Date Added
Jun 20, 2024
This funding opportunity provides financial support to manufacturing extension centers for assessing and aiding small- and medium-sized manufacturers affected by natural disasters, helping them recover and build resilience for the future.
Application Deadline
Aug 4, 2024
Date Added
Jun 20, 2024
The City of Goshen's Community Relations Commission (CRC) offers the Neighborhood Block Party Grant to foster community-building activities within Goshen city limits. This grant aligns with the CRC's mission to develop and maintain programs that build positive relations among the community and enhance problem-solving skills among residents. The program is designed to support one-time events such as block parties and special celebrations, aiming to strengthen neighborhood bonds and improve the overall quality of life. The primary target beneficiaries of this grant are neighborhood-based organizations within Goshen, which are groups whose members primarily reside or do business in a recognized neighborhood and whose purpose is to improve the area's quality of life. The grant's impact goals include promoting neighborhood community-building, fostering positive relations, and enhancing residents' problem-solving skills. By supporting events that bring neighbors together, the CRC aims to create more cohesive and engaged communities. The grant prioritizes projects that demonstrate neighborhood benefit and support one-time events that facilitate community interaction. Funds can be used for supplies, print, and promotional materials, and activities for a neighborhood block party. The CRC's strategic priority is to build positive relationships within the community, and the Neighborhood Block Party Grant serves as a direct mechanism to achieve this by empowering local groups to organize unifying events. Expected outcomes include an increase in neighborhood engagement, improved social cohesion, and a greater sense of community ownership among residents. Measurable results would involve the number of block parties and community events hosted, the participation rates at these events, and qualitative feedback on improved neighborly relations. The theory of change is that by providing small grants for accessible community events, the CRC can directly facilitate positive interactions, leading to stronger, more resilient neighborhoods and enhanced problem-solving capabilities at a local level. The maximum annual grant total per neighborhood is $200, making it accessible for a wide range of neighborhood groups. Applicants must be neighborhood-based organizations within Goshen city limits, and groups can be formed specifically for the purpose of a grant-funded project. The application requires details such as the proposed event's date, location, and proof of property owner's permission, ensuring responsible and well-planned community activities.
Application Deadline
Jun 30, 2024
Date Added
Jun 20, 2024
The Restaurants Care Resilience Fund, a program of the nonprofit California Restaurant Foundation, aims to support independent restaurants in California. This initiative is a clear alignment with the foundation's mission to strengthen the restaurant community by providing crucial financial aid. The fund, powered by generous gifts from PG&E, SoCalGas, and SDG&E, is set to award 278 independent restaurants with grants of $5,000 in 2024. The primary beneficiaries of this program are independently owned, for-profit restaurants or commercial caterers in California. Specifically, eligible entities must be owned by a CA resident, operate 1-5 units, earn no more than $3 million in annual gross revenue (combined for all units), and be a commercial customer of either PG&E, SoCalGas, or SDG&E, while currently being open and active for business. Franchises, home businesses, food trucks, and meal prep companies are not eligible, ensuring the grants directly support small, independent operators. The impact goal is to bolster the resilience and sustainability of these businesses, particularly in areas of operational improvement, employee welfare, and recovery from unforeseen hardships. The fund prioritizes several key areas for grant utilization. These include investments in energy-efficient kitchen equipment, which also qualify for rebates, thereby maximizing the grant's value. Technology upgrades are another focus, supporting the adoption of essential systems like POS, website, accounting, HR, inventory management, and loyalty programs. Employee training, covering areas like program design, ServSafe certifications, and participation in industry training councils, is also a priority, recognizing the importance of a skilled workforce. Additionally, the grants can be used for retention bonuses to reward employees and for addressing unforeseen hardships such as robbery, vandalism, fire, flood, or natural disasters experienced within the last 12 months. The expected outcomes are a more resilient and modern independent restaurant sector in California. Measurable results will include the number of restaurants receiving grants, the types of investments made (e.g., number of energy-efficient equipment purchases, technology upgrades implemented, employees trained, or retention bonuses distributed), and the number of businesses recovering from hardships. While not explicitly detailed as a strategic priority or theory of change within the provided text, the foundation's approach appears to be a direct intervention model, providing financial resources to address immediate needs and foster long-term stability and growth for small businesses within the restaurant industry. This strategy directly contributes to economic stability and community welfare by supporting a vital sector.
Application Deadline
Apr 1, 2026
Date Added
Jun 18, 2024
This grant provides financial support to women entrepreneurs in the consumer packaged goods sector, helping them address various business needs while promoting sustainability and personal well-being.
Application Deadline
Sep 30, 2025
Date Added
Jun 18, 2024
This funding opportunity provides financial support and promotional exposure to women entrepreneurs who own small businesses in the U.S., helping them grow and connect with their communities.
Application Deadline
Jul 11, 2024
Date Added
Jun 17, 2024
To ensure that employment & training programs are providing exceptional services to SNAP and TANF customers and their families in Illinois, E&T Training, Technical Assistance(E&T-TTA) is provided to community-based organizations, direct service workers, units of local government, system stakeholders, etc. in regard to Department program models, data collection systems, best practices in collaborative career planning, employability assessments, employment placement, education & training, trauma-informed motivational interviewing, principles and practices of racial equity and various other provider identified trainings and support activities. Additional E&T-TTA functions include an online resource center, networking activities, a training advisory group and the capacity to provide the staff support for various ad-hoc committees to ensure provider input related to program development and improvement activities.
Application Deadline
Jul 15, 2024
Date Added
Jun 17, 2024
Funding Opportunity Title: Young Womens Leadership Program Funding Opportunity Number: PD-SEOUL-FY24-02 Deadline for Applications: Monday, July 15, 11:59 p.m. GMT+9 CFDA Number: 19.441 ECA - American Spaces Total Amount Available: $50,000 This notice is subject to availability of funding. A. PROGRAM DESCRIPTION The U.S. Embassy Seoul Public Diplomacy Section (PD) of the U.S. Department of State is pleased to announce that funding is available for a womens leadership program focused on supporting young women across the Republic of Korea (ROK). The ROK is now one of the worlds most influential countries following decades of impressive economic growth, technological innovation, cultural exports, and public sector initiatives. As like-minded democracies, both the ROK and the U.S. have a strong responsibility to make sure economic and social opportunities are open to all citizens, especially women. To support womens economic opportunity, the U.S. Embassy in Seouls Public Diplomacy Section will create a leadership and mentorship cohort of at least twenty South Korean women between the ages of 25-39 who represent diverse sectors of the economy and have shown the potential to grow as leaders in their respective fields. Through this program, participants will learn from American and Korean experts, and broaden their professional network. The U.S. Embassy seeks proposals from ROK-based organizations to run this program which includes recruiting members, planning and implementing events, and expanding its existing network that connects Korean and American women leaders. Strong preference will be given to proposals that include participants from outside of the Seoul metropolitan region and utilize our American Corner network (located in Busan, Gangneung, Gwangju, Jeju and Pyeongtaek) in addition to the American Diplomacy House in Seoul. Outputs/Outcomes This program should focus on developing leadership skills, expanding participants global mindset, and connecting emerging leaders with one another. Details/Logistics U.S. Embassy Seoul and the grantee will be jointly responsible for selecting participants. The U.S. government retains final approval authority for all participants, who will apply via a standardized application form. Participants should be between the ages of 25-39, in their early to mid-careers, and demonstrate their potential to grow as leaders in their professions. Grantee Expectations The following components should be included in the program: Minimum of 6 coaching and/or discussion sessions (either in-person or virtual) Minimum of 2 interactive workshops on leadership Minimum of 2 networking opportunities Coaching Sessions The grantee will be responsible for organizing and implementing a series of in-person, virtual, and/or hybrid engagements with U.S. and/or Korean experts who can empower and provide coaching sessions to this group of selected participants. Engagements should provide opportunities for participants to share their challenges, develop their leadership skills through professional coaching, and provide guidance on their career paths. In-Person Leadership Workshop The leadership program will also host at least 2 in-person workshops at the American Diplomacy House Seoul (or another location of choice), featuring guest experts, opportunities for candid conversations about workplace challenges, and advice for advancing ones career. As part of the workshop, Embassy Seoul will arrange engagements with a guest speaker. Networking Opportunities The grantee will be responsible for organizing a networking event where the cohort can engage one another in person and meet other leaders across various fields. One networking session should include the Young Womens Leadership Program alumni from year 1. If youd like to use the ones the Embassy provides, please find them here: https://kr.usembassy.gov/grants/ (download here: Proposal Template / Budget Template) For more information, please refer to the NOFO document, and email us at SeoulPDGrants@state.gov for any questions.
Application Deadline
Jul 11, 2024
Date Added
Jun 17, 2024
"TANF Job Placement with Retention Providers primarily target current TANF clients. While clients are searching for unsubsidized employment, the Provider is responsible for assuring that they are engaged in work and training activities and hours that are consistent with Federal guidelines. Additionally, the Provider is responsible for developing, constructing and administering programs in a manner that will result in a client compliance level of at least 75%. When determining whether or not a Provider has met the 75% compliance standards, consideration will be given to two factors: 1) clients who meet compliance according to Attendance and Activity Reports submitted by the Provider; and 2) by documentation of immediate and appropriate action initiated by the Provider for clients who fail to comply with assigned activities and hours. Providers earn administrative payments for unsubsidized placements. In order for a placement to qualify the Provider for administrative payment, the client must earn at least minimum wage, work at least 30 hours per week, or less than 30 hours per week with wages of $10.00 per hour or more, resulting in the cancellation of the TANF case due to income, and meet the retention period of 30, 60, 90, 120 days. (See Attachment Cover Sheet Addendum for specific qualifications). TANF Job Placement with Retention programs are operated by the Department for persons receiving TANF. Customers participate in a variety of activities that are countable in the federal participation rate while searching for unsubsidized employment. Activities are highly structured, monitored and documented for meeting accountability requirements. Those activities include: • Work Experience • Community Service • Unsubsidized Employment • Subsidized Employment • Vocational Education Training • Job Search and Job Readiness Activities • Job Skills Training and • Education Directly Related to Employment. The client will continue to participate in these activities until unsubsidized employment is obtained, or until it is determined that participation is no longer an appropriate activity for the client. The Provider is expected to serve and engage customers in countable TANF activities each month during the contract period.
Application Deadline
Not specified
Date Added
Jun 15, 2024
This opportunity invites midway operators to submit proposals for providing and managing rides, games, and concessions at the Great New York State Fair from 2025 to 2034.
Application Deadline
Not specified
Date Added
Jun 15, 2024
This program provides funding to local governments in New York State for community development projects that improve housing, infrastructure, and economic opportunities for low- and moderate-income residents.
Application Deadline
Jul 1, 2024
Date Added
Jun 14, 2024
The Washington State Department of Commerce's Blended Capital Enhancement Grants are part of the Community Reinvestment Project (CRP), a new initiative aimed at reducing wealth disparities within Black, Latine, and tribal communities through asset building. The program seeks to support by-and-for lending agencies, businesses, and organizations that serve these specific communities. The overarching mission is to make it easier for these communities to access financial support from local organizations and businesses, fostering economic empowerment and equity. The grant program targets Black, Latine, and tribal communities across Washington state, as well as the lending agencies, businesses, and organizations that are either led by and for these communities, or are partnered with such entities. The impact goals are centered on facilitating homeownership, supporting small businesses and entrepreneurs, providing money management and business training, assisting with the acquisition of commercial property and business assets, and helping individuals reduce debt and increase savings through matching funds. These goals directly address key areas of wealth accumulation and financial stability. The program prioritizes funding for a variety of initiatives including new construction loans ($5 million), home expansion loans (including Accessory Dwelling Units or ADUs) ($6 million), business startups and expansions ($5 million), and consumer loans (such as credit consolidation, car refinancing, or emergency expenses) ($1 million). The total funding available is $42 million. The focus is on creating accessible financial pathways and resources that have historically been less available to the targeted communities. Expected outcomes include an increase in homeownership rates within Black, Latine, and tribal communities, the growth and sustainability of small businesses and entrepreneurial ventures, improved financial literacy and money management skills among individuals, and a reduction in personal debt coupled with increased savings. These measurable results align with the broader strategic priorities of the Washington State Department of Commerce to foster economic development and reduce disparities. The theory of change suggests that by empowering local, by-and-for organizations with capital, they can more effectively deliver essential financial services and support, thereby directly addressing systemic inequalities and building lasting wealth within these communities.
Application Deadline
Jul 13, 2024
Date Added
Jun 14, 2024
The Washington State Department of Commerce (Commerce) is offering grant funding through its Community Reinvestment Project (CRP) to support community healer services. This initiative aims to address violence and its systemic roots, particularly in Black, Latine, and tribal communities, which have been historically impacted by the "war on drugs" and systemic injustices. The program aligns with a mission to foster holistic, trauma-informed, person and community-centered, and culturally responsive services. It emphasizes flexibility and low-barrier innovation to serve those in need of restoration, accountability, and healing, thereby supporting personal and intergenerational healing, burnout prevention, and repairing harm caused by systemic racism, anti-Blackness, and colonialism. The primary beneficiaries of this grant are individuals and communities affected by violence, with a specific focus on Black, Latine, and tribal communities, including urban Indians. The impact goals are centered on violence intervention and prevention, promoting healing, and addressing the long-term consequences of historical injustices. By supporting community healer services, the program seeks to create safer, more resilient communities where individuals can experience restoration and healing from trauma. The program's priorities and focuses include addressing violence that has disproportionately affected Black, Latine, and tribal communities due to the design and enforcement of state and federal criminal laws for drug possession. It prioritizes organizations led by and for these communities, including federally recognized tribal governments, tribal-led 501(c)3s, tribal-led community-based organizations, small businesses, non-profits, faith-based organizations, and grassroots community-led organizations. Geographic priority counties are Clark, King, Pierce, Snohomish, Spokane, and Yakima in Washington State. Expected outcomes include providing culturally responsive services to people of all ages, identities, and abilities, fostering personal and intergenerational healing, and preventing burnout among community healers. Measurable results would likely focus on the reach and effectiveness of the violence intervention and prevention programs, the number of individuals served, and indicators of community restoration and healing. While specific metrics are not detailed in the provided information, the emphasis on accountability and healing suggests an outcomes-based approach. The foundation's strategic priorities and theory of change are rooted in the belief that addressing the historical and ongoing impacts of systemic racism, anti-Blackness, and colonialism through community-led healing initiatives is crucial for violence prevention and community reinvestment. By empowering by-and-for organizations within impacted communities, the program aims to facilitate sustainable change and create environments conducive to healing and well-being. The tiered funding structure, ranging from $50,000 to $500,000, reflects a commitment to supporting organizations of varying sizes, from small-sized with annual budgets under $150,000 to large-sized with budgets over $1 million, ensuring broad access to funding for eligible entities. The project period is set to begin around August 15, 2024, and conclude on June 30, 2025, allowing for a concentrated effort within a one-year grant duration. Eligibility criteria underscore the commitment to community-led initiatives, requiring organizations to be a federally recognized tribal government, tribal-led 501(c)3, tribal-led community-based organization, or licensed to do business in Washington (with an exception for tribes). Additionally, eligible organizations must be registered with the Community Reinvestment Project as a by-and-for organization, ensuring that the healing services are deeply connected to and guided by the communities they serve.
Application Deadline
Aug 12, 2024
Date Added
Jun 14, 2024
The City of Boulder Health Equity Fund (HEF) Request for Proposals (RFP) is designed to support community-based health equity programs for Boulder residents experiencing health disparities. The fund aims to reduce systemic socio-economic and health barriers, aligning with the city's mission to achieve health equity—defined as the absence of systematic health disparities and the ability of all residents to reach their full health potential regardless of life circumstances. This initiative directly supports health and wellness programs that address these disparities. The target beneficiaries of the HEF include residents disproportionately impacted by diseases linked to sugar-sweetened beverage consumption or targeted by SSB marketing, those lacking access to healthy food, safe water, quality health care, wellness information, and health care services, and populations systemically disenfranchised due to race, ethnicity, income, age, ability, sexual orientation, or gender identification. The primary impact goal is to improve health equity and reduce health disparities within these vulnerable communities. The HEF prioritizes programs that benefit individuals most affected by or at increased risk from chronic diseases linked to sugary drink consumption, or who generally experience health disparities. Key focuses include health services for prevention of obesity, diabetes, heart disease, and oral diseases, increased access to healthy food and clean water, wellness programs, and physical fitness. The program also emphasizes leadership diversity reflective of client demographics, alignment with program priorities, evidence-based practices, and valuing lived experience and cultural knowledge. Expected outcomes and measurable results include long-term evaluation of outcomes, meaningful engagement of community members in program design and implementation, strong collaborations, cost-effectiveness, and demonstrated financial stability and diverse funding sources for applying agencies. The City of Boulder's strategic priority is to fund programs that directly address health inequities and contribute to a community where all residents can achieve their full health potential. The underlying theory of change is that by investing in targeted, community-based health and wellness programs, the city can systematically dismantle health barriers and create a more equitable health landscape for its residents.
Application Deadline
Jul 2, 2024
Date Added
Jun 14, 2024
The Innovate Alabama Supplemental Grant Program is designed to award funds to for-profit, Alabama-based companies that have received Federal Small Business Innovation Research Program (SBIR) or Federal Small Business Technology Transfer Program (STTR) Phase I or Phase II awards. The program's mission aligns with fostering technological innovation, commercialization, and overall economic development within Alabama by supporting small businesses engaged in research and technology development. This initiative aims to bridge critical funding gaps, encourage the growth of high-quality companies, and create high-wage jobs across the state. The target beneficiaries are Alabama-based for-profit companies that have secured federal SBIR/STTR Phase I or Phase II awards. The primary impact goals include increasing the number and types of federal SBIR/STTR applications from Alabama, helping companies bridge the funding gap between Phase I and Phase II payments, and promoting the establishment and growth of businesses committed to Alabama's economic development, entrepreneurship, and innovation. The program prioritizes several key areas. It focuses on increasing commercial success for Alabama SBIR/STTR projects and establishing high-wage jobs in both moderately and highly skilled occupations. Funding is structured with caps: for Phase I awards, Innovate Alabama may grant up to 50% of the federal award or $100,000, whichever is less. For Phase II awards, the supplemental grant can be up to 50% of the federal award or $250,000, whichever is less. Expected outcomes and measurable results include a higher volume of SBIR/STTR applications from Alabama, a stronger pipeline of innovative companies transitioning from Phase I to Phase II, and a measurable increase in commercialized technologies and job creation within the state. The grant funds can be used for highly skilled new hires, business plan development, product testing, market research, intellectual property protection, and technical work, all contributing to the growth and sustainability of these businesses. Eligibility requirements dictate that applicants must meet all federal SBIR/STTR program requirements at the time of application. Additionally, within 12 months of receiving the grant, the applicant must have its primary place of business in Alabama, the majority of its top executives must reside in Alabama, and at least a majority of its employees must live in Alabama. Participation in the E-Verify program is also mandatory. The program is open to applicants whose federal Phase I or Phase II funding was active on or after July 1, 2023. This framework reflects Innovate Alabama's strategic priority of nurturing a robust innovation ecosystem and supporting a theory of change where targeted supplemental funding accelerates the growth and commercialization potential of promising Alabama-based businesses, leading to broader economic benefits.
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