Economic stimulus grants for small businesses can be the difference between staying open and closing completely. Even before the pandemic, small business grants offered great opportunities to keep operating and supporting growth through strategic funding. This week there are grants to tackle a range of challenges with lucrative funding offering $150,000 and more across the country.
The US Federal Rescue Plan Act or ARPA continues to provide stimulus funds along with economic stimulus to communities across the country. From Clackamas County, OR to San Luis Obispo County, CA, Lubbock County, TX, Falls Church, VA, and other states with grants up to $25,000. These communities are creating their own small business grant programs to address the challenges of the past two years.
The State of Illinois has several lucrative grants of up to $250,000 through the Chicago Small Business Improvement Fund. Local businesses can apply for grants that cover between 30 and 90% of their renovation or construction costs. Additionally, grants are available from the Illinois Restaurant Association Educational Foundation, Feed the Seed Business Startup Grants, City of Urbana grants for select new and growing businesses, and more.
Colorado also has similarly lucrative grants with up to $500,000 covering everything from tech projects to artists, cutting-edge industries, seed money, and more. The state also offers additional grants to small businesses looking to improve the state’s manufacturing, exporting, cannabis, and even more art projects.
Small Business News Roundup – March 25, 2022
Take a look at what else is happening with small businesses in the rest of this week’s roundup:
GIF inventor Steve Wilhite dies after battle with COVID-19
Steve Wilhite, creator of the popular Graphics Interchange Format (GIF) file format, died March 14 due to complications from COVID-19. Wilhite, 74, is best known for creating the GIF file format while working at CompuServe in 1987, which is now used for reactions, messages and memes.
Funding Circle and Pitney Bowes Announce Small Business Lending Partnership
Funding Circle, the online small business lending platform, has partnered with Pitney Bowes, a global shipping and courier services provider, to provide more affordable small business loans. Under the partnership, Funding Circle’s technology and machine learning platform will combine with Pitney Bowes’ logistics and financial services.
Zuckerberg says Instagram will become an NFT marketplace
During a panel, at Austin’s South by Southwest Festival last week, Mark Zuckerberg said, “We’re working on bringing NFTs to Instagram in the short term.” With Facebook moving to Meta, this announcement comes as no surprise as NFTs will be an integral part of the Metaverse.
10 profitable online businesses for sale in March
Electric vehicles don’t just cover cars, today if they have wheels they can run on batteries. One of the online businesses for sale in this list is an Electric Scooter Co. brand which is innovative and with huge potential for growth. The online businesses for sale in March come from BizBuySell, the largest and busiest business for sale marketplace on the internet.
How to retain your employees in the new world of work
How do you compete in a post-COVID world where employee retention is key, but you still struggle to keep your teams together? How do you run your small business so your team wants to stay with your business?
Ukraine uses NFT to fund war effort against Russia
We’re seeing a lot more brands using NFT, but now there’s news of an entire nation using them to help generate war revenue. Ukraine is desperately trying to fund its war effort to push Russian forces from its borders. He turned to NFTs to fund the cause.
The Benefits of Slow Hiring and Quick Firing for Businesses
An infographic compiled by MBA Stack, a provider of useful and accurate information for current and prospective MBA students, confirms the value of hiring slow and fast. Research shows that nearly 3 out of 4 employers say they hired the wrong person for a job.
SBA launches Building a Better America, a resource community for small businesses
The Small Business Association (SBA) of the United States has announced the launch of a new series of commitments called “Building a Better America: A Community of Resources for Small Businesses”. Working in conjunction with the Public Private Strategies Institute, the new virtual series aims to connect small businesses to SBA resources and networks as the U.S. economy returns to normal.