The Founders First Community Development Corporation has announced the 2024 Chicagoland Job Creators Grant to support revenue generating businesses with 2-20 employees led by diverse founders.
Donor Name: Founders First Community Development Corporation
State: Illinois
County: All Counties
Type of Grant: Grant
Deadline: 02/06/2024
Size of the Grant: $10,000 to $100,000
Grant Duration: Grant Duration Not Mentioned
Details:
The Job Creators Quest grant is an initiative to launch Founders First Community Development Corporation’s (FFCDC) expansion into new regions by supporting small businesses from diverse backgrounds to scale and impact the ecosystem. The grants are paired with access to one of stellar business accelerator programs. It encourages businesses that are looking to grow and scale their businesses in size, scope and knowledge to apply.
Funding Information
A total of $100,000 to be awarded to Illinois businesses.
Eligibility Criteria
- Must be located in the designated region (region specific)
- Must have a current staff of 2-20 employees
- Will have the ability to add 1-2+ net new premium wage jobs in the next 12 months
- Must be a Service Based Business, light manufacturing, B2B or have a service component
- Founder must be Black, Indigenous, Persons of Color ( BIPOC) , LGBTQIA+, Veteran, Women, located in an LMI area
- Have an Annual Revenue of at least $100K and not to exceed $3 million
- Provide a narrative and a 90 second video about the business
- Provide a narrative on how the business was impacted by COVID and what they are doing to sustain their business
- Agree to provide information on intended use of funds if awarded
- Agree to provide financial documentation to verify revenues
- Agree to provide an organizational chart to verify current employees and plans to add 1-2+ net new jobs to your organization in the next 12 months
- Complete all parts of the application process
- Agree to participate in one of FFCDC’s accelerator programs as part of the grant award.
For more information, visit FFCDC.
