The City of Lancaster is excited to announce the launch of the CDBG Equipment Grant Program, designed to support local business development through strategic investment in essential equipment.
Donor Name: City of Lancaster
State: Ohio
City: Lancaster City
Type of Grant: Grant
Deadline: 06/15/2025
Size of the Grant: $10,000 to $100,000
Grant Duration: Grant Duration Not Mentioned
Details:
This grant program is made possible through Community Development Block Grant (CDBG) funding and aims to promote job creation and economic growth in the community.
Funding Information
Local businesses are invited to apply for grants of up to $15,000 to assist with the purchase of new equipment critical to business operations and/or expansion.
Eligible equipment must not yet be purchased and must have a minimum useful life of five years . Examples of qualifying equipment include, but are not limited to, food service and commercial kitchen equipment, salon equipment and manufacturing machinery. Funding does not include equipment installation.
Requirements
Program Requirements:
- The business must commit to creating at least one new job for a low- to moderate-income (LMI) individual within six months of grant award.
- The job created must be maintained for a minimum of two years.
- Equipment must directly support the newly created job(s)
Applicant Requirements:
- The applicant must have 20 or fewer employees and must have been in continuous operation for at least 2 years prior to the application date. Business must be within the city limits
- Business must be current on city taxes and utilities
- Business must obtain a UEI number with the IRS.
For more information, visit City of Lancaster.
