The SBA PPP and RRF are complete. Here are five other small business grant programs.

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This article first appeared in Business Journals’ website.

The Small Business Administration officially closed its paycheck protection program to new loan applications in late May, then closed its Restaurant Revitalization Fund grant program in early July, leaving small business owners with back-up options. falling.

But there are still grant programs across government that are still open, offering ways to spend essential dollars for qualifying small businesses – COVID-19 relief programs like the SBA’s Targeted EIDL Advance and the Community Pilot Program. Navigator to other programs such as rural innovation. Stronger Economy Grant and the America’s Seed Fund. Here’s a breakdown of small business grant programs and what small business owners need to know about each one.

SBA’s EIDL Advance Targeted Grants Program

This grant program provides up to $ 10,000 to small business owners hit hard by the COVID-19 pandemic and located in low-income neighborhoods. Smaller businesses may also be eligible for an additional grant of $ 5,000 through the additional advance from the SBA.

Although it has $ 30 billion for the targeted advance, the agency has only funded just over $ 2 billion, leaving a lot in the program. The SBA opened the targeted EIDL advance to all eligible businesses on June 14, but small business owners must apply for an economic disaster loan to get it, although they do not have to accept the loan. once approved.

SBA Shuttered Venue Operators Grant Program

This grant program still has billions of dollars remaining, having opened in April but having to close again before reopening to applicants. It received 14,884 requests for funding of about $ 11.7 billion – billions less than the more than $ 16 billion Congress has allocated to the program, according to data as of noon July 6.

But the agency has been slower to send the money, with about 4,222 grants awarded so far for about $ 3.2 billion and about $ 2 billion disbursed so far.

Interested candidates can find more details and apply here.

SBA Community Navigator Pilot Program

The SBA has already extended the deadline for this $ 100 million grant program designed to connect small businesses to SBA aid and programs.

The Community Navigator Pilot Program will provide grants of $ 1 million to $ 5 million to eligible organizations to provide advice, networking and serve as an informal link to agency resources to help small businesses recover from the devastation. economic impact caused by the COVID-19 pandemic.

The original deadline to apply for these grants was July 12, but this was extended until July 23. The agency plans to present awards under the program in September

Interested organizations can go here for find out more about the program and how to apply.

The subsidy program for a stronger economy in rural innovation

The Ministry of Agriculture is offering grants of up to $ 2 million to help start new businesses and create well-paying jobs in rural areas.

The $ 10 million grant program is open to nonprofits, state governments, public bodies and higher education institutions, as well as rural job accelerator partnerships with expertise in the provision of economic and vocational training programs. Grant money can be used to build or support a business incubator, provide training for workers to create new jobs, train existing workers to develop skills in higher paying jobs, or help train workers for new industries.

Grants are a minimum of $ 500,000, according to the USDA. Applications must be sent no later than August 2, 2021.

Applicants for a grant may contact their local USDA State Rural Development Office for more information on the program or how to apply.

America’s Seed Fund, funded by the National Science Foundation

The grant program, open to start-ups that need to prove their technology and find their market potential, has awarded around 3,400 awards to startups and small businesses since 2012, with 153 exits from those companies and $ 9.1 billion. private investment dollars.

It funds around 400 companies each year in areas such as robotics, advanced materials, cloud computing, digital health, semiconductors, and artificial intelligence, but what they’re really looking for are ideas that have the potential to change the world, said Ben Schrag, senior program director for SBIR / STTR programs and oversees the agency’s seed fund.

Applicants are quickly screened for their initial idea, and if they win through a subsequent, more competitive process, they could get an initial grant of up to $ 256,000, with the possibility of further follow-up funding. a million dollars to help market the idea. .

Click here for more information on how to apply.

Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs

These grant programs are very competitive and aim to encourage small American businesses to engage in federal research with the goal of marketing their products. The grants are intended for qualified small businesses majority owned by one person and with fewer than 500 employees, according to the SBA.

Together, these programs spend more than $ 3.6 billion a year, according to the SBA. there are 5,000 new awards each year, with initial grants ranging from $ 50,000 to $ 250,000, with larger grants available later to help build prototypes.

Small business owners can find more information at how to apply and to which federal agencies, here.


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