To support the continued growth of the Arizona economy, the Arizona Small Business Association (ASBA) announced the launch of a new initiative, Locate48, which will provide resources and grant funding for small businesses that are expanding and relocating their business to Arizona.
Donor Name: Arizona Small Business Association
State: Arizona
County: All Counties
Type of Grant: Grant
Deadline: 05/13/2022
Size of the Grant: Up to $20,000
Details:
Businesses that are selected to receive the Locate48 grant funding will use the awarded funds to support the growth of their Arizona business, and to support local job seekers and businesses. Grant recipients will be strongly encouraged to contract and hire local businesses and residents to help support the growth of Arizona’s infrastructure and put funding back into the Grand Canyon State.
ASBA is proud to roll out the Locate48 program which may also be used for:
- Hiring employees – Recruiting fees or job posting services
- Payroll expenses and/or contract labor including IT support, marketing agency, etc.
- Health care benefits & business insurance
- Lease or mortgage payments for property used for business purposes (Does not include personal residence.)
- Equipment and furnishing updates
- Marketing – Website design and/or improvements, digital marketing, advertising, etc.
Funding Information
In partnership with the State of Arizona, ASBA is awarding grants up to $20,000 to support small business owners who are relocating to Arizona.
Eligibility Criteria
- Business must be incorporated before January 2021
- Business must have relocated or expanded (created an additional location) in Arizona from outside of the state and must be registered in Arizona between March 2021 – March 2022
- Business must be leasing a physical location or working in a co-working space; may not be working from home or remotely as an independent contractor
- Business must be currently operating
- Business must have 3-100 employees each working a minimum of 20 hours per week
- Business must be in good standing with the Arizona Department of Revenue and Arizona Corporation Commission
- Business must be in good standing with their local community or jurisdiction if licensing is required in their community
- Must be structured as a C-Corporation, S-Corporation, Partnership, Limited Liability Company (LLC), or Tribal business
- Nonprofits, Sole proprietorships, self-employed individuals, and independent contractors will not be considered at this time
- Business must be able to show that their revenue has increased or stayed consistent in 2021
For more information, visit ASBA.
