Resources

GRANTS

What is a GRANT?

“A GRANT is a way the government funds your ideas and projects to provide public services and stimulate the economy.” -Grants 101 

To learn more visit grants.gov 

https://www.grants.gov/learn-grants/grants-101.html

Why should you be applying to them?

Well, quite frankly because its free money from the government and we believe small business owners should always apply for grants to support their business vs. bootstrapping 100%. 

NJ offers numerous grants for small business owners. This list is fairly comprehensive. We will continue to update so check back regularly. 

Powershift Entrepreneur Grant  

DEADLINE: 10/11/23

GRANT REWARD: $25K 

ELIGIBILITY: 

  • Are you a Black Entrepreneur or small business owner hoping to take your idea or company to the next level? The NAACP Powershift Entrepreneur Grant is Daymond John’s quest to find and award up and coming Black Entrepreneurs live on Black Entrepreneurs Day. Black Entrepreneurs across the country can apply NOW for the chance to win $25,000 each to help them grow and scale their businesses. In addition to the monetary compensation, recipients of the grant will receive mentorship from FUBU Founder and Star of Shark Tank, Daymond John, and join him live on air during the Black Entrepreneurs Day broadcast to showcase their businesses. 

Womens Net Startup Grant 

DEADLINE: Rolling deadlines

GRANT REWARD: Up to $30k every month 

ELIGIBILITY: 

  • Female entrepreneurs 

NJEDA Small Business Lease Grant 

DEADLINE: None / Rolling basis 

GRANT REWARD:

  • Two grant awards of 20 percent of the annual lease payments on a minimum 5- year lease term:

  • First disbursement will be made after execution of grant agreement, for an amount equal to 20 percent of annual lease payment.
  • Second disbursement will be made after 12 months of lease payments have been paid by the applicant, for an amount equal to 20 percent of annual lease payment.

 

ELIGIBILITY: 

Be a commercial business, nonprofit, or operator of an incubator.

Meet SBA definition of a Small Business – determined by employee count and NAICS code.

Provide a current tax clearance certificate prior to approval.

Provide certification from the landlord showing they are current on lease payments.

Be in good standing with Department of Labor and Department of Environmental Protection.

Certify at time of application that they are not in default of any other NJEDA or State assistance.

Certify at application the applicant will pay wages that are the greater of $15/hour or 120% of the minimum wage rate for the term of the grant agreement (five years). Tipped employees are only required to be paid 120% of minimum wage rate.

Commit to remaining in the facility for at least five years.

National Grant for Veteran-Owned Small Businesses 

DEADLINE: October 16, 2023 

GRANT REWARD: 

  • $1,000

 

ELIGIBILITY: 

Inspired by Founders First CEO, Kim Folsom’s brother, U.S. Navy veteran Stephen L. Tadlock, the $25,000 fund will make investments of $1000 each to 25 veterans who are running employer-based small businesses across the country. 

Creciendo Con TikTok for Small Business 

DEADLINE: October 23, 2023 

GRANT REWARD: 

  • $4,000

 

ELIGIBILITY: 

Creciendo con TikTok is a $200,000 grant fund that will provide cash awards of $5,000 to 40 Latinx small business owners who have demonstrated perseverance, resourcefulness, hard work, and entrepreneurial vision in their communities.

Small Business Growth Fund 

DEADLINE: October 27, 2023 

GRANT REWARD: 

  • $5,000-$25,000

 

ELIGIBILITY: 

In partnership with the Global Entrepreneurship Network (GEN) and with funding from Etsy and Progressive, Hello Alice is awarding small business owners between $5,000 and $25,000 in grants to help accelerate their growth. To be eligible, a business must have less than $1M in annual revenue, a commitment to their customers and community, and a clear plan to use the grant funds. 

Tory Burch Foundation Fellows Program 

DEADLINE: November 2, 2023 

GRANT REWARD: 

  • Fellowship Program 

 

ELIGIBILITY: 

  • A woman entrepreneur who owns the largest or equal stake in a qualifying business that is majority (51% or more) owned and controlled by women
  • 21 years or older as of the application due date, November 2, 2023
  • Proficient in English
  • A legal resident of the United States and its territories
  • For profit, from any industry
  • Early-stage (one to five years of operations preferred)
  • Generating revenues (minimum of $75,000 strongly preferred)
  • Formed under United States law and operating in the United States and its territories