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Boost Your Business Program is sponsored by City of Philadelphia Department of Commerce. Selects 20 businesses to receive a $50,000 forgivable loan and participate in group support sessions and one-on-one coaching. The loan is forgiven once the business attends all sessions and achieves its stated growth goals after one year.
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City launches latest round of Boost Your Business Program | Department of Commerce | City of Philadelphia You are using an outdated browser. Please upgrade your browser to improve your experience. If you can't switch browsers, turn off compatibility mode.
City launches latest round of Boost Your Business Program Great news! The City of Philadelphia launches the latest round of Boost Your Business , a program to help businesses grow, obtain new contracts, increase revenue, and create jobs for Philadelphians. Eligible businesses that are seeking City contracts are encouraged to apply.
An eligible business must have annual revenue of $350,000 or more . Each application will be evaluated based on the impact and feasibility of their growth plan. Boost Your Business is a program of the Department of Commerce — in partnership with PIDC , for businesses owners, who face unique barriers in accessing critical funding and resources that are needed to help their businesses grow.
Through the program , 20 businesses will be selected to receive a $50,000 forgivable loan and be part of a cohort of businesses that will participate in group support sessions and one-on-one coaching. The loan is forgiven once each business attends all sessions and achieves its stated growth goals after one year.
Join upcoming information session We encourage business owners to join our upcoming information session, held in partnership with PIDC, to learn more about how to apply to be considered for Boost Your Business funding. The information session is hybrid and will be located at PIDC (1500 Market Street, Suite 3500 West). Register for the information session on Monday, August 10 – 10:00 a.
m. – 11:30 a. m.
To be eligible for funding through Boost Your Business, a business must: Be located in Philadelphia. Have annual revenue of $350,000 or more. Be in compliance with all local, state, and federal taxes (or on an approved payment plan or in the process of getting on an approved tax payment agreement ).
Have a clear budget and growth plan that will lead to increased contracts, revenue and/or employees. Be in operation for 2 or more years. Have Commercial Activity License (CAL), through the City of Philadelphia.
Be independently owned; franchises are eligible only if independently owned. Have all required federal, state, and local licenses and permits to legally operate. Is your business not eligible for this funding source through Boost Your Business program?
Click here to view additional grants, loans and programs . 2026 and 2027 operating projections for the business. Year-to-date 2026 management prepared profit & loss statement and balance sheet.
2 years of most recent federal business tax returns (2024 & 2025) . Debt Schedule for the business. Credit Authorization form for all owners with 20% or greater interest in the business.
Copy of government issued photo ID. Philadelphia Commercial Activity License (CAL). Copy of certificate of organization, articles of incorporation, or other similar entity formation documents filed with the Secretary of State of the Commonwealth of Pennsylvania for Borrower.
If applicable, a copy of borrower’s operating agreement, bylaws or other similar governing document, fully executed by the appropriate representatives of Borrower. The Boost Your Business Program application is now open, and the application deadline is August 31, 2026 . Businesses are encouraged to begin preparing documents before applying.
If you have any questions, email Boost@Phila. gov . Apply for Boost Your Business funding Birth, marriage & life events Business & self-employment Cars, parking & transportation Diversity, inclusion, accessibility & immigration Payments, assistance & taxes Permits, violations & licenses Safety & emergency preparedness Streets, sidewalks & alleys Trash, recycling & city upkeep Trees, parks & the environment Zoning, planning & development
According to the current listing, eligibility includes: Businesses must be located in Philadelphia, have annual revenue of $350,000 or more, be in compliance with all local, state, and federal taxes (or on an approved payment plan), have a clear budget and growth plan, be in…. Confirm the full requirements in the official notice before applying.
The current listing shows $50,000 (forgivable loan). Verify award ceilings, matching requirements, and allowable costs in the official notice.
The published deadline was August 31, 2026, which has passed. Check the official notice for any future application windows before investing time in a proposal.
Boost Your Business Program is funded by City of Philadelphia Department of Commerce. Verify program details on the funder's official page before applying.
Start from the official opportunity page linked in this listing — it carries the sponsor's submission instructions.
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