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Find similar grantsSmall Business Grant Program (Worcester) is sponsored by City of Worcester. This program provides forgivable loans to qualified applicants to assist in the creation of new small businesses or the physical expansion of existing small businesses in targeted commercial corridors in Worcester.
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Small Business Grant Program | City of Worcester Small Business Grant Program To assist in the creation of new small businesses or the physical expansion of existing small businesses in targeted commercial corridors by providing forgivable loans to qualified applicants. New small business owners occupying vacant space, or expanding small business owners.
The business must be located in a first-floor storefront unit with emphasis to the Creative Economy. Retail and/or food service equipment This program is funded through the City of Worcester's Community Development Block Grant (CDBG) funds, which are allocated by the United States Department of Housing and Urban Development (HUD).
The funding amount per project is based upon the total new square footage to be occupied by the entrepreneur or existing business owner. The maximum funding amount per project is not to exceed 25% of the total project cost.
Total Square Footage to be Occupied Maximum Funding Amount Up to 1,500 Square Feet Maximum of $25,000 1,500 to 2,500 Square Feet Maximum of $50,000 2,500 or More Square Feet Maximum of $75,000 HUD Eligibility Requirements In order to be eligible for CDBG funding, each applicant must qualify as meeting one of the following national objectives of the CDBG program: Benefiting Low- and Moderate-Income Persons Prevention or Elimination of Slum or Blight Business and Community Development development@worcesterma.
gov
According to the current listing, eligibility includes: New small business owners occupying vacant space or expanding small business owners are eligible. Confirm the full requirements in the official notice before applying.
The current listing shows up to $25,000 - $75,000 (based on square footage). Verify award ceilings, matching requirements, and allowable costs in the official notice.
Small Business Grant Program (Worcester) is funded by City of Worcester. 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.