The Economic Gardening Grant will assist local stage two growth companies with identifying new markets.
Donor Name: Iowa Economic Development Authority (IEDA)
State: Iowa
County: All Counties
Type of Grant: Grant
Deadline: 10/25/2024
Size of the Grant: $1000 to $10,000
Grant Duration: 2 Years
Details:
The program will use sophisticated tools for strategic research combined with analytical frameworks to help local companies scale up and create jobs and wealth in rural communities. Companies will be connected to a team of specialists through the National Center for Economic Gardening who use corporate tools to find new markets, provide competitive intelligence, identify industry trends, assess digital marketing efforts, and find qualified leads.
Funding Information
Applicants may request up to $5,000 to contract with the National Center for Economic Gardening and implement recommendations.
Grant Period
December 1, 2024 – June 30, 2026.
Eligible Uses of funds
Grant funds will be used to contract with the National Center for Economic Gardening for eligible one-time project expenses. Other eligible expenses include, but are not limited to, the following:
- Expenses related to increased sales into a new geographic market.
- Enhanced website sales strategies.
- Development and implementation expenses for an expanded distribution network.
Eligibility Criteria
An eligible applicant is a stage two growth company within the advanced manufacturing, value-added agriculture and food production, or information technology sectors. The company must be incorporated in the state of Iowa or authorized to do business and operating in the state of Iowa. The applicant will be responsible for submitting material during the funding application process and will be the entity legally obligated to the terms of an agreement if awarded funding. Partners and collaborating entities are not subject to the eligibility requirements but may be subject to financial and programmatic review during the selection process.
- Projects/programs must exist in and benefit a community in Iowa with a population of 20,000 or fewer and not contiguous (sharing a common border) to a city with a population of 40,000 or greater or be in an Iowa county that is one of the 88 least populous counties in the state.
- Any eligible applicant will be allowed to submit one application per funding announcement. An applicant who has applied as the principal entity for an application may also be named as a partner on additional applications submitted but may not be named as a primary entity.
- An eligible applicant must have:
- been in business for at least three (3) years
- sales outside of Iowa or plans to expand sales outside the state
- 10 – 100 employees
- sales over $1 million
For more information, visit IEDA.
