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Sharon Economic Development Grant

Sharon Economic Development Grant

City of Sharon
LOCATION & INDUSTRIES
AMOUNT

Up to $25,000

OWNERSHIP REQUIREMENTS
DEADLINE

Rolling

ABOUT THE GRANT

The Sharon Economic Development Grant Fund provides grant funding to startup and existing businesses operating within the City of Sharon, Pennsylvania to help de-risk and accelerate operations, fuel growth, and support the revitalization of the city's downtown. Administered by the Shenango LaunchBox (Penn State Shenango's entrepreneurial support program) on behalf of a partnership between the City of Sharon, Penn State Shenango, and the Community Foundation of Western Pennsylvania and Eastern Ohio, the fund draws from a $2 million endowment created in 2022 (with funds contributed by the City of Sharon's American Rescue Plan dollars and a matching investment by Penn State University), and awards approximately $100,000 in grants to Sharon businesses each year.

Individual grant amounts vary based on each business's pitch and the recommendation of the Grant Selection Committee, with recent rounds awarding multiple businesses through a single annual cycle. Priority is given to businesses that align with the City of Sharon's Main Street Model, contribute to the revitalization of the State Street Downtown Improvement District, generate new jobs, and drive travel and tourism to Sharon. To qualify, applicants must have a business presence within the 16146 zip code (City of Sharon). The application process is multi-stage: applicants first submit a Letter of Intent on a rolling basis, then participate in a review and feedback round, complete a pitch coaching session with the Shenango LaunchBox team, and ultimately deliver a 5-minute pitch with Q&A to the Sharon Economic Development Grant Committee, which makes the final funding decision. In addition to grant funding, applicants benefit from free consulting services, pitch coaching, and access to broader Shenango LaunchBox programming, with some past recipients also receiving free legal advice from Penn State Law's Entrepreneur Assistance Clinic and business plan support from the Gannon Small Business Development Center.

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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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