The Targeted Small Business (TSB) program is designed to help women, individuals with minority status, service-connected disabled veterans and individuals with disabilities overcome some of the hurdles to start or grow a small business in Iowa.
Donor Name: City of Iowa City
State: Iowa
County: All Counties
Type of Grant: Grant
Deadline: 11/06/2024
Size of the Grant: $1000 to $10,000
Grant Duration: Grant Duration Not Mentioned
Details:
The Targeted Small Business Growth & Development Grant Program aims to grow the capacity and sustainability of targeted small business owners and entrepreneurs (women, individuals with minority status, service-connected disabled veterans, and individuals with disabilities) through coaching, business support services, or technical assistance services that are targeted to uniquely address each individual business’ barrier(s) to growth and development.
Funding Information
Up to $5,000 grant award.
Uses of funds
Grant funds may be used for equipment, technology, software, inventory, professional services (legal, marketing, tax/financial, etc.), debt restructuring, capital expenses, or down payment/security deposit assistance on commercial space for the business.
Who Qualifies?
To be eligible for TSB certification, businesses must be:
- Located in the state of Iowa
- Operating for a profit
- Make less than $4 million in gross income, computed as an average of the preceding three fiscal years
- Majority owned (51% or more), operated and managed by a female, individual with minority status, service disabled veteran or individual with a disability.
Benefits of Becoming a Certified TSB
- Listing in the online Certified TSB Directory, which is used by public and private buyers across the state
- Invitation to TSB networking and TSB-exclusive events to meet with other business owners, public purchasing managers and private buyers
- Introduction to partners who aid with state purchasing, growing your business or connections to other business networks through workshops, webinars and other events
- Promotion of business as a Certified TSB via the usage of a TSB badge/window cling on marketing materials and storefronts.
For more information, visit City of Iowa City.