The Delaware Division of Small Business offers the opportunity for eligible Delaware small businesses to apply for Encouraging Development, Growth & Expansion (EDGE) Grants.
Donor Name: Delaware Division of Small Business
State: Delaware
County: All Counties
Type of Grant: Grant
Deadline: 03/01/2024
Size of the Grant: $10,000 to $100,000
Grant Duration: Grant Duration Not Mentioned
Details:
Funding Information
The Division of Small Business awards EDGE Grants through a competitive selection process. Five STEM-based companies can each receive up to $100,000 for eligible expenses. Five Entrepreneur Class (non-STEM) businesses can each get up to $50,000.
Eligible Expenses
Grant funding must be used to expand a business’s viability and sustainability, specifically:
- Market analysis assistance
- Advertising assistance
- Building infrastructure/cosmetic enhancements
- Essential equipment
- Web site design
- Rent assistance for lab space
Award Criteria
Applications will be judged by a panel of experts on:
- Business need case
- Competitive advantage gained
- Business viability and likelihood of permanence
- MWVBE status of business owner
- Business location (DDD and/or Opportunity Zone)
- Job creation/revenue growth
Eligibility Criteria
Qualified applications must:
- Have been in operation less than 7 years
- Employ 10 people or fewer
- Be majority located in Delaware
For more information, visit Delaware Division of Small Business.