Small Business Grants Montgomery
Business Resources in Montgomery
Overview of Small Business Support
If you’re an aspiring or current small business owner in Montgomery, you’ll find that numerous resources are available to help you start, grow, or enhance your business. From local associations to financial assistance programs, Montgomery offers a variety of support options tailored to your needs. Whether you’re looking for guidance, funding, or networking opportunities, there are resources to help you every step of the way. You might consider checking out the small business owners association montgomery for networking and support, or the montgomery chamber of commerce to stay in the loop with local events and resources.
Grant and Loan Programs
When it comes to financial assistance, Montgomery provides various grant and loan programs specifically designed for small businesses.
| Program Name | Type of Assistance | Description |
|---|---|---|
| Community Development Block Grant (CDBG) Small Business Loan Program | Loan | This program offers financial help to small businesses in Montgomery County to support your growth needs. (Montgomery County Economic Development) |
| ED/GE Grant Program | Grant | This initiative offers financial support to businesses that commit to creating and retaining jobs in the local area. (Harrison Township) |
| Enterprise Zone Tax Incentives | Tax Incentive | Located in designated areas, these incentives include tax exemptions on eligible new investments for businesses. (Montgomery County Economic Development) |
These funding opportunities can help you secure the necessary capital for starting or expanding your business. Don’t forget to explore additional resources on financing through local banks in montgomery or consider speaking with a CPA montgomery for assistance with your financial planning.
By utilizing these small business grants montgomery, you can find the specific support that aligns with your business goals, so take the time to review your options and apply for the assistance that suits you best.
Financial Incentives in Montgomery
If you’re looking to boost your small business in Montgomery, understanding the financial incentives available is key. Two significant opportunities are the tax incentives in enterprise zones and the Community Development Block Grant (CDBG) programs. Here’s how these can help you.
Tax Incentives in Enterprise Zones
Montgomery County has designated several enterprise zones offering enticing tax incentives for businesses looking to invest in eligible new projects. These tax exemptions can significantly lower your operational costs, making it more appealing to start or expand your business in these areas.
| Incentive Type | Details |
|---|---|
| Tax Exemptions | Available for eligible new investments |
| Areas Covered | Designated enterprise zones in Montgomery |
For additional information, check out the details on the Montgomery County Economic Development website.
Community Development Block Grant (CDBG) Programs
The CDBG programs in Montgomery County provide funding support aimed at enhancing community development while simultaneously aiding small businesses. These grants focus on enriching local economies, particularly targeting minority, women, or disabled-owned businesses. This financial assistance is designed to promote job creation and business growth.
| Program Name | Purpose |
|---|---|
| CDBG Funding | Supports small business and community projects |
| Target Groups | Minority, women, or disabled-owned businesses |
For more insight on these funding options, you can visit the Montgomery County Business Portal.
Utilizing these financial resources can provide a solid foundation for your small business endeavors in Montgomery. Be sure to explore other support options available, such as the small business owners association montgomery and banks in montgomery, to maximize your opportunities.
Assistance Programs for Businesses
If you’re looking to boost your small business, Montgomery has a couple of solid programs that can help you secure the necessary funding. Let’s dive into the details of the MicroEnterprise Grant Program and the ED/GE Grant Support.
MicroEnterprise Grant Program
The MicroEnterprise Grant Program is designed to assist small businesses in Montgomery by providing financial support. However, it’s important to note that applications for the MicroEnterprise Grant are currently not available. This program is typically aimed at businesses with limited resources that need funding for necessities like equipment or renovations.
While the grant applications may be temporarily closed, keep an eye on future openings. For more information and updates about this program as they become available, check out the Montgomery County Economic Development.
ED/GE Grant Support
The ED/GE (Economic Development/Growth Enhancement) Grant Support offers financial assistance to small businesses looking to expand or enhance their operations. This program is particularly beneficial for those businesses planning to increase their workforce or provide training to employees, thereby contributing to local economic development.
The funding can be used for various purposes, such as:
| Usage | Description |
|---|---|
| Training Programs | Funding for employee training initiatives to enhance skills. |
| Equipment Purchase | Grants can assist in buying necessary equipment for operations. |
| Facility Improvements | Financial support for upgrading existing facilities or construction of new ones. |
For more details on how to apply and the specific requirements for the ED/GE Grant Support, you can visit the Montgomery County Economic Development page.
By exploring these assistance programs, you can find valuable resources that can help your small business thrive in Montgomery. Don’t forget to also check out additional support from organizations such as the Montgomery Chamber of Commerce and local funding information on the Montgomery County Business Portal.
Minority-Owned Business Resources
If you’re an aspiring or current small business owner in Montgomery, there are specific resources available to help you thrive, especially if you belong to a minority group. Here are two valuable services designed specifically for you.
Dayton-Montgomery Port Authority Services
The Dayton-Montgomery Port Authority offers fantastic support for minority-owned businesses. They can assist in securing funds for new construction projects or improving existing facilities. Whether you’re just starting out or looking to expand, this authority serves as a crucial resource for financial support.
Here’s what you can expect from their services:
| Service Type | Details |
|---|---|
| Funding Assistance | Supports new construction and facility improvements |
| Eligibility | Open to small and minority-owned businesses |
| Application Process | Accessible through their office or website |
Greater Dayton Minority Business Assistance Center
Another significant resource is the Greater Dayton Minority Business Assistance Center (MBAC). They offer free assistance and support specifically to minority, woman, and small businesses in Montgomery County and throughout Ohio. Their goal is simple: to help you grow and succeed.
Here’s what the MBAC can do for you:
| Program Type | Details |
|---|---|
| Technical Assistance | Guidance on various business aspects |
| Business Education Programs | Access to training and resources |
| Financing Support | Help with accessing funding opportunities |
Additionally, the Minority Business Development Agency also provides valuable resources to help connect you with financing, federal contracts, and market opportunities. This support is crucial for the growth of minority-run small businesses.
For further financial assistance options, don’t forget to explore the small business owners association montgomery and learn about various programs available through local banks, such as banks in montgomery. These resources will further equip you in your business endeavors.
Sustainable Business Grants
If you’re a small business owner in Montgomery looking to enhance your green initiatives, there are some fantastic small business grants Montgomery that can help. Let’s take a look at two key programs aimed at promoting sustainability and waste reduction in your business.
Montgomery County Solid Waste District Programs
The Montgomery County Solid Waste District offers a unique opportunity through its Business Capital Incentive Grant. This initiative is designed to bolster recycling, waste reduction, and composting efforts specifically in Montgomery County. The grant operates on a reimbursement basis, which means you can receive funding after completing eligible projects.
Here are the key points about this grant:
| Grant Details | Information |
|---|---|
| Funding Type | Reimbursement |
| Funding Match | 70% from District, 30% from applicant |
| Eligibility | Businesses enhancing recycling/waste reduction efforts |
| Annual Variability | Funding amounts may vary each year based on the district’s budget |
For more information, visit the Montgomery County Solid Waste District.
Montgomery County MOVE Program
Another excellent resource is the Montgomery County MOVE Program, which focuses on helping businesses in their transition towards more sustainable practices. This program often offers grants aimed at uplifting businesses that are rethinking their impact on the environment.
The MOVE Program supports various initiatives, including:
- Energy efficiency projects
- Renewable energy installations
- Waste reduction strategies
You can find a detailed list of specific projects and funding options available through this program. Look out for deadlines and application periods, as these can vary throughout the year.
For additional resources, consider checking the Montgomery Chamber of Commerce for networking opportunities or other supportive initiatives.
By utilizing these sustainable grant options, you can not only enhance your business’s environmental footprint but also potentially save on costs and improve your community standing.
Specialized Business Funding
If you’re looking for specific funding opportunities for your small business in Montgomery, you’re in luck! There are some great programs designed to support various business needs, particularly in biotechnology and redevelopment projects.
Biotechnology Investor Incentive Program
The Montgomery County Biotechnology Investor Incentive Program is tailored for investors in biotechnology companies based in Montgomery County. If you receive tax credits from the Maryland Biotechnology Investment Incentive Tax Credit Program, you automatically qualify for a supplementary grant from the County.
Here’s a quick overview of the program:
| Feature | Details |
|---|---|
| Eligibility | Investors in biotech companies |
| Grant Disbursement Period | March to May each year |
| Investment Timeframe | Previous calendar year |
| Supplemental Grant Type | Automatic for eligible investors |
This program typically distributes funds between March and May, making it a fantastic opportunity to boost your biotech ventures. For more details, check out the Montgomery County Business Resources.
Small Business Assistance Program (SBAP)
The Small Business Assistance Program (SBAP) is designed to help small businesses that have been negatively impacted by redevelopment projects—especially those funded or owned by the County. It’s aimed at financially healthy small businesses located in designated areas across Montgomery.
Here are the key points about SBAP:
| Feature | Details |
|---|---|
| Purpose | Assist businesses affected by redevelopment |
| Maximum Assistance | $25,000 |
| Types of Support | Financial and technical assistance |
If your business is facing challenges due to a nearby County project, you might be eligible for financial and technical assistance from the Impact Assistance Fund. Find further information on how this program can benefit you at the Montgomery County Business Resources.
For additional resources, you might want to look into the small business owners association montgomery or explore local banks in montgomery for financial support.
Additional Financial Support
If you’re navigating the journey of starting or growing your business in Montgomery, you’ll want to explore various financial support options available to you. Two great programs you should consider are the Montgomery County SBIR/STTR Matching Grant Program and the JobsOhio Inclusion Grant.
Montgomery County SBIR/STTR Matching Grant Program
The Montgomery County SBIR/STTR Matching Grant Program is a fantastic opportunity for innovative businesses. This program is currently undergoing revisions to improve its functionality for local entrepreneurs. The expected updates will be formalized this fall, so keep an eye out for new application details and periods. If you have questions about the program or need guidance, don’t hesitate to contact the Montgomery County Business Center.
| Feature | Details |
|---|---|
| Eligibility | Innovative small businesses in Montgomery County |
| Grant Amount | Matching funds for SBIR/STTR awards |
| Updates | Revised details anticipated in fall 2023 |
JobsOhio Inclusion Grant
The JobsOhio Inclusion Grant is designed to provide financial assistance to businesses in Ohio, especially those in distressed communities and owned by underrepresented groups. You can receive up to $50,000 for eligible expenses, which may include machinery, equipment, buildings, new construction, land, technical improvements, or revitalization efforts. This grant aims to support small to medium-sized businesses, helping them thrive and create job opportunities in their communities. For more information, check out Swoop.
| Feature | Details |
|---|---|
| Grant Amount | Up to $50,000 |
| Eligible Costs | Machinery, equipment, buildings, etc. |
| Target Audience | Small to medium-sized businesses in distressed areas |
Both of these grants represent excellent opportunities for you to secure financial support for your business ventures. Be sure to stay informed on application updates and eligibility requirements for the best chance at obtaining funding. If you need additional resources, consider checking out local organizations such as the Montgomery Chamber of Commerce or exploring financing options with banks in Montgomery.
