This grant opportunity supports efforts that strengthen local economies by helping small businesses and the organizations that serve them grow, adapt, and succeed. The funding is offered on a recurring, annual basis and is focused within a single U.S. state in the Northeast, with eligibility limited to applicants operating and serving communities within that state. The overall goal is to expand access to business resources, improve financial readiness, and encourage long-term stability for small enterprises, especially those in underserved or low- to moderate-income areas.
One set of grants is designed for nonprofit organizations and community-based groups that provide direct assistance to entrepreneurs. These awards are intended to support activities such as business coaching, training programs, workshops, and advisory services. Funds may be used to enhance staffing capacity, develop educational materials, or expand outreach efforts that help small and microbusiness owners strengthen management skills, understand finances, and prepare for growth. Grant amounts for these opportunities generally range from about $20,000 to more than $120,000, depending on the scale and reach of the proposed services.
Another grant opportunity is geared toward for-profit small businesses themselves. These grants are structured as matching awards that complement funds raised through community-based efforts. The intent is to encourage local support while providing businesses with additional capital to invest in growth-related needs. Grant funds may be used for purposes such as purchasing equipment, making facility improvements, supporting expansion plans, or covering other essential capital expenses. Individual grant awards for small businesses typically fall between $2,500 and $20,000.
Together, these grant opportunities reflect an interest in fostering entrepreneurship, supporting job creation, and building stronger local business ecosystems. By focusing on both nonprofit service providers and small businesses, the funding aims to create a ripple effect that benefits entrepreneurs, workers, and communities across the eligible region.
