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Flagstaff Business Retention & Expansion Incentive
City of Flagstaff
ABOUT THE GRANT
The Flagstaff Business Retention & Expansion Incentive is an annual competitive grant program that provides Flagstaff, Arizona small businesses with grants of $2,500 to $30,000 to help retain or grow their operations in the city. Administered by the City of Flagstaff's Economic Development Program, the program allocates a total of $45,000 per fiscal year in grant funding, with up to $15,000 of that total available to nonprofit organizations focused on economic development. Grants are issued on a reimbursement basis and are paid out based on receipts for actual expenditures.
Businesses in any small business sector are welcome to apply, but priority is given to entrepreneurial companies and start-ups, along with businesses in bio-sciences, medical devices, research and development, health care, clean energy, software development, forestry, food processing, education, and businesses located at Flagstaff Pulliam Airport Airside. Applicants are also encouraged to focus on providing high-wage, low environmental impact jobs. To qualify, businesses must be physically located within the City of Flagstaff municipal boundary and employ between 1 and 150 people. Nonprofit entities focused on economic development and located within Flagstaff are also eligible, and must demonstrate how the proposed project will help retain or create jobs, support organizational growth, or address a business challenge through economic development activities.
A cash match is required, and the requested grant amount must equal the applicant's cash match. Applications are reviewed by a scoring panel composed of City staff and community members and are ranked based on 100 total points across four criteria: Wages (25 points) comparing the wages of the jobs being retained or created relative to the Greater Flagstaff Metropolitan Area median wage (currently $29.44 per hour) and the average sector wage, Environmental Impact (25 points) capturing the applicant's impacts to water and energy usage and community waste stream, Direct Community Benefit (40 points) describing benefits to the community beyond the applicant's business (such as infrastructure, workforce development opportunities, or volunteer engagement), and Match (10 points) accounting for the applicant's private investment relative to the requested grant.
A single business may be awarded up to three grants over the life of the program, but will not be awarded a grant in any successive fiscal year (for example, a business awarded in FY25 would not be eligible until FY27). Successful applicants are required to provide annual updates for two years following a grant award and meet with City of Flagstaff Economic Development staff quarterly over the duration of the grant, and may also be included in future City of Flagstaff marketing efforts.
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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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