Indiana Innovation Ventures

Thanks to generous support from the Wells Fargo Foundation, the Entrepreneur Fund (EFund) is excited to launch a one-time funding of the Rural Field to Market grant that will provide direct support to small- to mid-size farm and food businesses located within our Minnesota service region.

Small businesses can apply for up to $50,000 to reimburse costs for building improvements or purchasing new furniture, fixtures, and equipment through the Small Business Improvement Grant. The program has awarded close to $13 million to over 500 New Jersey businesses since February. Applications are accepted on a rolling basis until funding is exhausted. Current processing time is 8 months from the application date.

New Jersey Re-assigning In State Employees (NJ RISE) is a new program to incentivize businesses to re-assign New Jersey residents who are working in another state to a New Jersey location. The $10 million NJ RISE Program will provide grants to companies to relocate its New Jersey-resident employees, ensuring a residents’ income taxes stay in New Jersey, which will help increase tax revenue. NJ RISE’s goal is to increase New Jersey’s Gross Income Tax Withholdings by encouraging eligible businesses to re-assign their out of state New Jersey resident employees to New Jersey by issuing an incentive based upon on the employee’s withholdings. The NJ RISE Program is a pilot program that will provide grants to businesses principally located out of state that re-assign New Jersey residents currently assigned to work in a state that employs the “convenience of employer” income taxation rule to work in a New Jersey location. The grant is equal to the amount of New Jersey Gross Income Tax withholdings of the re-assigned resident employees during one tax year of the business, not to exceed $500,000 in the aggregate per business. The sum of all grants approved will not exceed $10 million per State fiscal year. States such as Delaware, Nebraska, and New York use “convenience of employer” where an employee who resides out of state is taxed based on the employer’s assigned location. For example, if a New Jersey-resident works in a state with “convenience of employer” (State A) three days a week and from home the other two days, the employee will be taxed by State A for all five days, because the work done from home in New Jersey was at the convenience of the employer.

The Signage Improvement Program is a grant available to developers, business, and commercial building owners in Oxford, AL that wish to improve their signage. The program is divided into two types of funding for either a “brick and mortar” business or a mobile unit. The “brick and mortar” fund has a total pool of $7,000 and the mobile unit has a total pool of $3,000. The program is a 70/30 grant that may not exceed the amount of $1,000 per address, per year for the “brick and mortar” category and mobile units may not exceed the amount of $500 per unit, per year for the “mobile unit” category. Applicants may not apply for both, but only one category.

The Small Business Start-Up Grant is designed to encourage entrepreneurs to support businesses in Walnut. The program provides up to $5,000.00 in grant funds to eligible businesses located in commercial districts within the city limits of Walnut.