The Microenterprise business assistance activities increase economic opportunity by supporting small businesses within Vancouver city limits.
Donor Name: City of Vancouver
State: Washington
City: Vancouver
Type of Grant: Grant
Deadline: 10/20/2024
Size of the Grant: $100,000 to $500,000
Grant Duration: 1 Year
Details:
Activities may include technical assistance and resources (e.g. grants, loans) to current and prospective business owners. Funds are targeted to serve microenterprises (up to 5 employees) and other small businesses with a focus on historically underutilized businesses. Participants must have a household income of 80% AMI or less.
Funding Information
- Microenterprise Business Assistance
- Total Available: $300,000
- Funding Source: CDBG
- Maximum Request: $250,000
- Minimum Request: $100,000.
Funding Period
CDBG funds are generally available on a 12-month basis between July 2025 through December 2026.
Eligible Project Costs
Use of CDBG funds for the Microenterprise Program is restricted to certain eligible costs.
Eligible costs for the Microenterprise Program include the following:
- Technical assistance
- Business advising
- Grants, loans, loan guarantees
- Business development workshops or classes
- Online business training courses
- General support services to include:
- Childcare/dependent care services;
- Transportation to technical assistance or loan processing appointments;
- Peer support groups;
- Counseling; and
- Assistance accessing and paying for direct costs of training and education, such as tuition and fees.
- Job training for owner/employees.
Eligibility Criteria
- Nonprofit agencies may apply for funds. Private individuals are not eligible for funding awards.
- Agencies that have received two awards in this category and have not completed both projects, or have not started one, are ineligible to apply. However, agencies that have completed all previous contracts remain eligible.
Income and Rent Limits
- Projects funded must be located within the city limits of Vancouver.
- HUD establishes income and rent limits annually.
- People served with CDBG funds must earn 80% or less of area median income (AMI).
- Microenterprises served must have 5 or fewer employees, including the owner.
For more information, visit City of Vancouver.