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Find similar grantsFY2027 rounds close Jul 31 2026, Oct 31 2026, Jan 31 2027, Apr 30 2027; final round shown.
Portsmouth Smart Start Business Acceleration Grant Program is sponsored by Portsmouth Economic Development Authority. Supports established small businesses in Portsmouth, Virginia, to advance and accelerate growth and expansion.
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Smart Start Business Acceleration Grant | Portsmouth Economic Development Smart Start Business Acceleration Grant Portsmouth Economic Development (PED) Homepage Smart Start Business Acceleration Grant The Smart Start Business Acceleration Grant Program is designed to provide financial support to established small businesses to advance and accelerate the growth and expansion of Portsmouth's entrepreneurial and small business community New eligibility requirements begin FY2027!
New and recently established for-profit small businesses with operations based in the City of Portsmouth Available to businesses that have been in operation for 3-10 years (as evidenced by a City of Portsmouth business license) Available to businesses with 10 full-time equivalent (FTE) or fewer positions Businesses utilizing a co-working space mailbox must prove Portsmouth residency with a 12-month residential lease or proof of home ownership.
Co-working space tenants are required to have a minimum of a 12-month lease. Copy of lease is required. Proof of Portsmouth residency is required for home-based businesses.
Entities of local, state, or federal government, religious organizations, and residential-use businesses are prohibited from applying.
Businesses current with City of Portsmouth taxes and fees Maximum Grant Award: $5,000 Matching requirement: All applications require a 5:1 (20%) financial match The Smart Start Business Acceleration Grant is a matching, reimbursement program that requires the applicant to make the initial investment for the full cost of activities; 80% of the eligible costs will be paid as a reimbursement, up to the maximum grant award.
Grant purchases must be completed within 90 days of award Purchases made and/or paid for prior to an issuance of a grant agreement will not be reimbursed. Grants will be awarded as reimbursement based upon certifiable business expenses (e.g. paid receipts/invoices) Recipients of the Smart Start Business Development Grant may only receive funding one time under the program.
No more than two grant applications may be submitted per business principal within a five-year period. Grant Submission Schedule Applications for the 2027 Fiscal year are accepted according to the submission schedule below. Applications received after the cutoff date will be considered by the Portsmouth EDA in the following round.
Round 1: Open July 1 - 31, 2026 Round 2: Open October 1 - 31, 2026 Round 3: Open January 1 - 31, 2027 Round 4: Open April 1-30, 2027 Application & Approval Process The Smart Start Business Acceleration Grant application is a three-step process. The completed Smart Start Business Acceleration Grant application is to be submitted to Portsmouth Economic Development for review and is not considered submitted if incomplete.
Completed applications (those containing all required documentation) will be reviewed to determine completion status and adherence with program guidelines.
Approval or denial of an application lies within the discretion of the Portsmouth Economic Development Authority's (EDA) Board of Commissioners, considering factors such as the degree to which the business activities contemplated by the application further the goals of the program, the degree of the need for the funding, the level of funding requested, the amount of program funds remaining for the fiscal year, and any other factors the Board of Commissioners may deem relevant.
When an application is approved, the applicant will enter into a Grant Agreement with the Portsmouth EDA, agreeing to accept the approved grant funds. If the grantee needs to make any changes to the use of grant funds as proposed in the application, the grantee must notify Portsmouth Economic Development in writing in advance of the changes.
The Smart Start Business Acceleration Grant is a matching, reimbursement program that requires the applicant to make the initial investment for the full cost of activities; 80% of the eligible costs will be paid out as a reimbursement, up to the maximum grant award. The Smart Start Business Acceleration Grant is funded entirely by the Portsmouth Economic Development Authority (EDA).
Eligible activities are only those under Section V of these Guidelines and must directly and primarily benefit the business for which the Grant award is received. The maximum grant amount available for any approved application is $5,000. Recipients of the Smart Start Business Acceleration Grant may only receive funding one time under the program.
Funding is available until the funding pool has been exhausted each fiscal year as appropriated. All recipients are required to enter into a Grant Agreement with the Portsmouth EDA. Recipients have 30 days to begin eligible business activities and 90 days to complete them.
Extensions for an additional 90 days may be granted on a case-by-case basis. Funding is available until the funding pool has been exhausted each fiscal year as appropriated. All recipients are required to enter into a Grant Agreement with the Portsmouth EDA.
Recipients have 30 days to begin eligible business activities and 90 days to complete them.
Extensions for an additional 90 days may be granted on a case-by-case basis Small scale production/manufacturing equipment, machinery, tools, etc. Technology and digital infrastructure (hardware, software, digital platforms, etc.) Business furniture and fixtures Wages, benefits, payroll expenses Operating costs (utilities, insurance, etc.) Residential-use furniture Decorative items (wall art, decor, etc.) Required Documentation For Application All documentation must be submitted by the close of the grant application round.
Completed Portsmouth Vendor Registration Form Rev 1-30-2024 Copy of City of Portsmouth business license Copy of "Articles of Organization" from the Virginia SCC Complete business plan that includes an explanation of use of grant funding using the Santa Clara MOBI Business Plan Template Two quotes per product/service you will purchase with grant funding Grant Submission Schedule Application & Approval Process Required Documentation For Application The Smart Start Business Acceleration Grant Program is designed to provide financial support to established small businesses to advance and accelerate the growth and expansion of Portsmouth's entrepreneurial and small business community New eligibility requirements begin FY2027!
New and recently established for-profit small businesses with operations based in the City of Portsmouth Available to businesses that have been in operation for 3-10 years (as evidenced by a City of Portsmouth business license) Available to businesses with 10 full-time equivalent (FTE) or fewer positions Businesses utilizing a co-working space mailbox must prove Portsmouth residency with a 12-month residential lease or proof of home ownership.
Co-working space tenants are required to have a minimum of a 12-month lease. Copy of lease is required. Proof of Portsmouth residency is required for home-based businesses.
Entities of local, state, or federal government, religious organizations, and residential-use businesses are prohibited from applying.
Businesses current with City of Portsmouth taxes and fees Maximum Grant Award: $5,000 Matching requirement: All applications require a 5:1 (20%) financial match The Smart Start Business Acceleration Grant is a matching, reimbursement program that requires the applicant to make the initial investment for the full cost of activities; 80% of the eligible costs will be paid as a reimbursement, up to the maximum grant award.
Grant purchases must be completed within 90 days of award Purchases made and/or paid for prior to an issuance of a grant agreement will not be reimbursed. Grants will be awarded as reimbursement based upon certifiable business expenses (e.g. paid receipts/invoices) Recipients of the Smart Start Business Development Grant may only receive funding one time under the program.
No more than two grant applications may be submitted per business principal within a five-year period. Grant Submission Schedule Applications for the 2027 Fiscal year are accepted according to the submission schedule below. Applications received after the cutoff date will be considered by the Portsmouth EDA in the following round.
Round 1: Open July 1 - 31, 2026 Round 2: Open October 1 - 31, 2026 Round 3: Open January 1 - 31, 2027 Round 4: Open April 1-30, 2027 Application & Approval Process The Smart Start Business Acceleration Grant application is a three-step process. The completed Smart Start Business Acceleration Grant application is to be submitted to Portsmouth Economic Development for review and is not considered submitted if incomplete.
Completed applications (those containing all required documentation) will be reviewed to determine completion status and adherence with program guidelines.
Approval or denial of an application lies within the discretion of the Portsmouth Economic Development Authority's (EDA) Board of Commissioners, considering factors such as the degree to which the business activities contemplated by the application further the goals of the program, the degree of the need for the funding, the level of funding requested, the amount of program funds remaining for the fiscal year, and any other factors the Board of Commissioners may deem relevant.
When an application is approved, the applicant will enter into a Grant Agreement with the Portsmouth EDA, agreeing to accept the approved grant funds. If the grantee needs to make any changes to the use of grant funds as proposed in the application, the grantee must notify Portsmouth Economic Development in writing in advance of the changes.
The Smart Start Business Acceleration Grant is a matching, reimbursement program that requires the applicant to make the initial investment for the full cost of activities; 80% of the eligible costs will be paid out as a reimbursement, up to the maximum grant award. The Smart Start Business Acceleration Grant is funded entirely by the Portsmouth Economic Development Authority (EDA).
Eligible activities are only those under Section V of these Guidelines and must directly and primarily benefit the business for which the Grant award is received. The maximum grant amount available for any approved application is $5,000. Recipients of the Smart Start Business Acceleration Grant may only receive funding one time under the program.
Funding is available until the funding pool has been exhausted each fiscal year as appropriated. All recipients are required to enter into a Grant Agreement with the Portsmouth EDA. Recipients have 30 days to begin eligible business activities and 90 days to complete them.
Extensions for an additional 90 days may be granted on a case-by-case basis. Funding is available until the funding pool has been exhausted each fiscal year as appropriated. All recipients are required to enter into a Grant Agreement with the Portsmouth EDA.
Recipients have 30 days to begin eligible business activities and 90 days to complete them.
Extensions for an additional 90 days may be granted on a case-by-case basis Small scale production/manufacturing equipment, machinery, tools, etc. Technology and digital infrastructure (hardware, software, digital platforms, etc.) Business furniture and fixtures Wages, benefits, payroll expenses Operating costs (utilities, insurance, etc.) Residential-use furniture Decorative items (wall art, decor, etc.) Required Documentation For Application All documentation must be submitted by the close of the grant application round.
Completed Portsmouth Vendor Registration Form Rev 1-30-2024 Copy of City of Portsmouth business license Copy of "Articles of Organization" from the Virginia SCC Complete business plan that includes an explanation of use of grant funding using the Santa Clara MOBI Business Plan Template Two quotes per product/service you will purchase with grant funding Figuring out your next steps is not always easy.
You might have some questions and we want you to know that we're here for you!
According to the current listing, eligibility includes: For-profit small businesses in Portsmouth VA, in operation 3-10 years, 10 or fewer FTEs, taxes current. Confirm the full requirements in the official notice before applying.
The current listing shows up to $5,000. Verify award ceilings, matching requirements, and allowable costs in the official notice.
Applications for Portsmouth Smart Start Business Acceleration Grant Program are due April 30, 2027. Build your timeline backwards from this date to cover registrations, approvals, and final submission checks.
Portsmouth Smart Start Business Acceleration Grant Program is funded by Portsmouth Economic Development Authority. Verify program details on the funder's official page before applying.
This opportunity targets applicants in Virginia. If your organization operates elsewhere, check the official notice for location requirements.
Start from the official opportunity page linked in this listing — it carries the sponsor's submission instructions.
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