The City of Laurel is pleased to announce the Thrive Small Business Grant Program.
Donor Name: City of Laurel
State: Maryland
City: Laurel
Type of Grant: Grant
Deadline: All Time
Size of the Grant: $1000 to $10,000
Grant Duration: Grant Duration Not Mentioned
Details:
The City of Laurel Department of Economic and Community Development (Laurel ECD) will administer the Laurel Thrive Small Business Grant Program. The grant will provide a new business with the ability to grow, expand, hire and develop their company.
The goals of this program include:
- To provide financial support to new businesses
- To spur Economic Development to the City of Laurel
- To create additional jobs for City of Laurel residents
- To foster entrepreneurship and expand opportunities for new businesses.
Funding Information
- The total fund dedicated to this Program is $100,000.
- This Program will award grants in the amount of $10,000 to businesses owners that will be located within the City of Laurel.
Use of Funds
- Utility improvements that are required due to safety, efficiency, or changes in business operations
- Equipment and equipment installation costs required for the business due to safety, efficiency, or changes in business operations
- Point of Sale systems and accessories that are required due to safety, efficiency, or changes in business operations
- Office equipment, computers, and software that are required due to safety, efficiency, or changes in business operations (examples: laptops, monitors, printers, video conferencing membership)
- Interior remodeling of the commercial, office, or industrial business location (e.g. painting, lighting, flooring, bathroom renovation)
- Exterior signage
- Window signage
- Exterior awnings and canopies
- Exterior renovations, except those explicitly stated under
- Furniture
- Security systems.
Eligibility Criteria
- In order for a business to be eligible it must have been located within the municipal boundaries of the City, with a valid City of Laurel Use and Occupancy permit. A pre-application meeting will be required with Economic Community and Development (ECD).
- Within that (4) four-year period, a business applicant may have changed its address, but it will still be eligible for this grant as long as all of the addresses were within the l municipal boundaries of the City, and as long as a valid City of Laurel Use and Occupancy Permit was held for the entirety of the period.
- The business shall have a current and valid City of Laurel Use and Occupancy permit
- The business shall be in good standing with the State of Maryland
- The business, all business owners, and the property owner must be current on all City, County, State, and Federal tax payments
- If the Applicant is not the property owner, the Applicant shall have owner sign off on the grant application.
- The business shall have a current business plan.
For more information, visit City of Laurel.
