The Smart Start Business Development Grant Program is designed to provide financial support for new and recently established startups and small businesses to assist with expanding entrepreneurial opportunity, business resiliency, and organizational development.
Donor Name: Portsmouth Economic Development Authority
State: Vermont
City: Portsmouth
Type of Grant: Grant
Deadline: 01/31/2025
Size of the Grant: $1000 to $10,000
Grant Duration: Grant Duration Not Mentioned
Details:
Funding Information
The maximum grant amount available for any approved application is $2,000.
Eligible Activities
- Professional and third-party services to assist in establishing a business including legal, financial, accounting, marketing, social media, e-commerce, etc.
- Small scale production/manufacturing equipment, machinery, tools, etc.
- Technology and digital infrastructure (hardware, software, digital platforms, etc.)
- Business furniture and fixtures.
Eligibility Criteria
- New and recently established for-profit small businesses and non-profit organizations with operations based in the City of Portsmouth
- Available to businesses that have been in operation for 0-3 years (as evidenced by a City of Portsmouth business license)
- Available to businesses with 10 full-time equivalent (FTE) or fewer positions
- Businesses utilizing a co-working space mailbox must prove Portsmouth residency with a 12-month residential lease or proof of home ownership.
- Co-working space tenants are required to have a minimum of a 12-month lease. Copy of lease is required.
- Proof of Portsmouth residency is required for home-based businesses.
- Entities of local, state, or federal government, religious organizations, and residential-use businesses are prohibited from applying.
- Businesses current with City of Portsmouth taxes and fees.
For more information, visit EDA.
