Worcester Small Business Grant Program

The Venture Pitch assistance micro-grant can reimburse up to $5000, spent on hiring an independent, third party to assist in the creation of an investor pitch deck, assemble a researched list of at least 5 investors to contact that includes the investor profile, the investment criteria, their portfolio, news releases of companies they invested in and create an advanced and well thought out financial and P&L model with market size, costs, pricing, sales key assumptions. To be eligible for this grant, applicants must have received a Phase I or Phase II SBIR/STTR award.

Purpose: The GHG Reduction Loan Program provides funds to support new or expanded organics infrastructure, such as composting and anaerobic digestion facilities, as well as for facilities that manufacture fiber, plastic or glass waste materials into beneficial products. Description: The purpose of this investment is to further the purposes of the California Global Warming Solutions Act (Assembly Bill 32), reduce methane emissions from landfills and further GHG reductions in upstream resource management and manufacturing processes; benefit disadvantaged communities by upgrading existing facilities and, where warranted, establishing new facilities that reduce GHG emissions; result in air and water quality improvements; and create jobs.

This relaunch of the Atlantic City Revitalization Program (“Program”) will continue to facilitate Atlantic City’s effective utilization of allocated funds for community-driven capital projects. The goal of this Program is to proactively address the negative economic impacts of the pandemic by investing in projects that demonstrate an ability to cultivate the environment and neighborhoods necessary to attract and retain a local workforce, enable business creation and tourism, enhance downtown vitality through small business support efforts, support clean and safe initiatives, address food insecurity issues, and buttress social impact supports for the community at large. Administered by the Authority, this Program will support real estate development, specifically capital projects (each, a “Project”) in the form of Grants, to support rehabilitation or new construction, as well as other development costs associated with an award between $250,000 and a maximum award of $2.5 million in grant funding to one Project. This will then meet the requirement of “Investing in Communities” by providing funding to activate underutilized properties for community focused investments and to activate projects that will catalyze new business sectors in NJ, support communities, and improve the business community within Atlantic City. This grant will improve investment in communities by working to activate underutilized, distressed, or vacant land for projects in order to promote equitable economic growth and community wealth building in Atlantic City.

Montgomery County’s Economic Development/Government Equity (ED/GE) Grant Program, is designed to benefit companies that create and retain local jobs by investing in their growth in Montgomery County. The competitive program distributes grant funds twice a year (spring and fall) to finance permanent improvement projects (new building construction, renovation, power upgrades, plumbing, parking, etc.) Projects are evaluated by a committee of public and private representatives that evaluate the number and quality of the jobs created, the capital investment, as well as the impact each project has on the community.

The Job Development Investment Grant (JDIG) is a performance-based, discretionary incentive program that provides cash grants directly to a company, when the company creates jobs and invests in the state. Grants are awarded only in competitive recruitment or retention situations. JDIG grants hold companies to strict performance targets, but the grants can significantly help offset the cost of locating or expanding a facility in the state. JDIG grant payments are determined using a formula that takes into consideration the new taxes generated by the new jobs that are created. A percentage of those newly generated funds are reimbursed to the awarded company, for the limited term of the grant and as long as the company meets its performance target.