Are you a local business owner or business association? Do you have an idea for how to improve your block or commercial district? Apply to receive up to $7,000 reimbursement for your project.
Donor Name: City of Cambridge
State: Massachusetts
City: Cambridge
Type of Grant: Grant | Reimbursement
Deadline: 11/04/2024
Size of the Grant: $1000 to $10,000
Grant Duration: Grant Duration Not Mentioned
Details:
The Boosting Business Blocks (BBB) grant helps business associations and groups of businesses improve their commercial district or the businesses operating in it. The BBB grant pays for a portion of project costs in the form of a reimbursement check after the project has been completed. BBB funds are a grant, not a loan, and are not considered taxable income.
Funding Information
Applicants can receive up to $7,000 per project.
Eligibility Criteria
The following criteria must be met to be considered for the BBB grant:
- Applicants must be a Cambridge business association or group of neighboring business owners. Applications from an individual person or a single business will not be accepted.
- The area of focus must be small businesses in a commercial district or a group of street-facing small businesses. Applications for projects focused on residential areas will not be accepted.
- Tenants must have written approval from property owners to participate in proposals that involve building renovations or altering the space in any way.
- Applicants must comply with all State and local laws and regulations pertaining to licensing, permits, building code and zoning requirements.
The BBB will give priority to projects submitted by, or projects that serve, diverse businesses. The following criteria will apply:
- For applicants applying as a group of businesses, preference will be given to the following:
- An application team comprised entirely of businesses owned by historically excluded persons (women, people of color, veterans, individuals that are disabled, and members of the LGBTQ+ community).
- Application teams comprised of a mix of businesses owned by historically excluded persons and historically included persons will be considered but given lower priority than teams in category “a.”
- For applicants applying as a business association that serves historically excluded business, preference will be given to the following:
- Business associations with a mission statement that expressly states support, and offers services, for historically excluded businesses.
- Business associations with a mission statement that more generally serves small, or local businesses, will be considered but given lower priority than business associations in category “a.”
- For projects that support historically excluded businesses, preference will be given to the following:
- Projects with a stated and explicit benefit to businesses owned by historically excluded persons (women, people of color, veterans, individuals that are disabled, and members of the LGBTQ+ community).
- Projects with a benefit to small, or local businesses in general, of which historically excluded businesses in Cambridge would represent a portion, will be considered but given lower priority than projects in category “a.”
For more information, visit City of Cambridge.
