Funding Opportunities for Small Business Growth

Whether you’re launching a startup, expanding operations, or innovating in your field, funding is crucial. To support your growth, Oak Lane has compiled a comprehensive list of grant opportunities and funding resources tailored to small business owners.

1. Grants.gov

• What It Is: The official portal for federal grants.

• Who It’s For: Entrepreneurs, startups, and established small businesses seeking government funding.

• How to Use It: Use keyword searches like "small business growth" or "entrepreneurship grants." Sign up for alerts to stay updated on new opportunities.

2. U.S. Small Business Administration (SBA)

• Programs Available:

  • Small Business Innovation Research (SBIR): Funding for R&D-driven businesses.

  • Small Business Technology Transfer (STTR): Supports collaborative innovation with research institutions.

• Who It’s For: High-growth startups, tech companies, and businesses pursuing innovative solutions.

3. State and Local Economic Development Agencies

• What They Offer:

  • Growth-focused grants, tax credits, and funding for workforce training.

  • Special initiatives for minority-, veteran-, and women-owned businesses.

• How to Find Them: Visit your state’s economic development website or contact your local Small Business Development Center (SBDC).

4. FedEx Small Business Grant Contest

• What It Is: An annual contest awarding funding and services to outstanding small businesses.

• Prize Amounts: Up to $50,000 in funding and $7,500 in FedEx Office print and business services.

• How to Apply: Submit an application detailing your business story, plans for growth, and how you’d use the grant.

5. Visa Everywhere Initiative

• What It Is: A global innovation program offering funding for breakthrough ideas in payments and commerce.

• Who It’s For: Tech-savvy small businesses and entrepreneurs.

• Opportunities: Includes funding, mentorship, and exposure to Visa’s global network.

6. Comcast RISE

• What It Is: A program providing grants, marketing resources, and technology upgrades to small businesses owned by people of color.

• Special Offerings: Free consultations, media campaigns, and up to $10,000 in grant funding.

7. Amazon Black Business Accelerator

• What It Is: A program designed to empower Black entrepreneurs selling on Amazon.

• Benefits Include:

  • Financial assistance

  • Access to advertising credits

  • Business coaching and mentorship

• Eligibility: Open to U.S.-based Black-owned small businesses.

8. Foundation Directory Online (Candid)

• What It Is: A subscription-based database with access to over 140,000 grantmakers.

• How to Access: Visit your local library for free access or purchase a subscription for advanced search capabilities.

9. Economic Development Administration (EDA)

• What It Is: A federal agency offering grants to enhance local economic ecosystems.

• Focus Areas: Infrastructure, workforce development, and business growth.

10. National Association for the Self-Employed (NASE) Growth Grants

• What It Is: A microgrant program offering up to $4,000 for business needs.

• Who It’s For: NASE members looking to fund specific projects such as marketing, equipment, or operational upgrades.

Tips for Success

• Start Local: Begin by exploring state and city-level resources. Many local agencies prioritize community business growth.

• Tailor Applications: Highlight how the grant aligns with your business’s mission and growth plan.

• Leverage Networks: Join associations and attend grant-writing workshops to improve your chances.

• Stay Organized: Track application deadlines and required documents using a simple spreadsheet or project management tool.

Interested in learning more? Set up some time to explore how Oak Lane can partner with you to develop your roadmap to success.

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