Bethlehem Microenterprise Grant
Bethlehem Microenterprise Grant
Town of Bethlehem
ABOUT THE GRANT
The Bethlehem Microenterprise Grant Program provides Bethlehem, New York microenterprises with grants ranging from $5,000 to $35,000 to support new and existing small businesses with five or fewer employees. Administered by the Town of Bethlehem's Department of Economic Development and Planning and funded through the New York State Office of Homes and Community Renewal's Community Development Block Grant (CDBG) program, the grant is designed to help businesses purchase capital goods (including machinery, furniture, fixtures, equipment, and software) or provide working capital to support business operations.
Eligible applicants must be a private for-profit business (corporation, partnership, or sole proprietorship) located or planning to locate within the Town of Bethlehem, with five or fewer employees including the owner. Because the program is funded with federal CDBG dollars, all grants must meet a national objective: businesses must either be owned by a low-to-moderate income (LMI) individual or create at least one new full-time-equivalent job available to LMI persons within a 24-month grant period. Applicants must also contribute a minimum 10% cash equity match, complete an approved Entrepreneurial Training Program before receiving funds, and at least 50% of grant funds in each round are reserved for start-up businesses (those operating less than six months at the time of application). Grant funds cannot be used for real estate purchases, debt repayment, façade or interior construction, or any investment outside the scope of the business. Previous recipients may reapply, with combined first- and second-time awards capped at $45,000.
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NOTES
We haven't added commentary on this grant yet. In the meantime, the fundor's website (linkeded above) is the best source for application details and eligibility specifics.
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