Opelika Small Business Grants
Opelika Chamber of Commerce is proud to announce a new small business support and start up program in accordance with its mission, vision, and values. A subcommittee of the Opelika Chamber Small Business Committee will oversee the Small Business Grant Program, which includes diverse business owners and impartial participants that do not qualify for the grant. The grant amount will depend on the need and the total number of applications, but will not exceed $5,000. If you request a certain amount, you cannot be guaranteed to receive it.
Guidelines for the award include the following:
- A total of 80% of the funds will be awarded to small businesses that already exist
- Businesses that have been operating for less than 12 months will receive 20% of the award.
Eligibility & Guidelines
- The deadline for submitting complete applications has been published.
- Opelika requires businesses to be licensed.
- There should be no more than 10 employees .
- Funding must be demonstrated as a necessity.
- Within the last 12 months, you cannot have received a grant from this program.
Application Period
Application forms are available at www.OpelikaChamber.com throughout the year. A maximum of one year will be allowed for your application to be considered in the next selection round if it is not selected.
Review Period
A Rural Relief Small Business Grant is offered to small business owners in rural areas as part of LISC-Lowes commitment to rural America.
Who is eligible?
Grant Tools And Resources To Explore
Well, were glad you discovered our little-known but helpful site. Weve committed to helping African-American business owners like you find funding and grants since 2000. Indeed, you still have to do the hard work of sourcing and applying for grants, however, if youre a business owner who is serious about your business, then were here to get you going.
Your first opportunity is with our 31 List of Grants for African-Americans in 2021, these are the current list of grants that you can apply for wherever you are located. The grants range from $5000 to $750,000, and youre automatically eligible to apply for subsequent grants. We have a list of other grants for startups, nonprofits, and other funding options for you to explore.
If you would like to explore our business and great resources, to book a consultation with one of our grant experts. You should be excited to know that people in Alabama are waiting to help African-American business owners as you succeed in getting the grants you need for your business. We also have a forum where you can get grant tips from other African-American business owners. For more information on the documents and other relevant requirements you need to apply for grants, .
We are very committed to making the necessary changes that we need to help you with the grants that you desire to take your business to the next level. From helping you with a business plan to accessing venture capital as an African-American business owner in 2021.
Finding Small Business Grants In Alabama Is Hard But Were Trying To Change That
Alabama grants for small business are available if you know where to look. If youre a small business owner in Alabama looking for grants to help you grow your business, youve come to the right place! We understand that finding grants can be challenging, and going through daunting government sites like the Small Business Administration website can be quite daunting for the average applicant. Or even applying for grants like the Amber grant requires some work and a process you to follow. Plus no one really wants to spend all day filling out paperwork and sending out documents.
Are you interested in straight-forward, seamless, and hassle-free ways of accessing grants to help grow your Alabam-based business? Check out the grants we have compiled below to help you get your business soaring. We are committed to helping provide you with the necessary tools and resources to equip you with all the things you need to get the grants that you desire for your business.
We have a list of grants for African American women and men starting their businesses in 2021.
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Are You A Looking For A Womans Small Business Grant In Alabama
Youd think its nearly impossible to find a legit small business grant for women anywhere online. A quick Google search will get you a long list of sites to check out. But a lot of these sites either look shady or theyre way too complicated government-run sites agencies that typically give out large grants to women business owners, but only if youre in the tech sector.
Thats not at all what were about. We help you find real grants, loans, and other funding for your small business. That doesnt mean it will be easy. Youre going to have to put in some hard work and time. But if youre serious about growing a successful business, youll find our site a big help.
Heres a great and simple way to get going: Apply for our Amber Grant for Women. Business women from Alabama can easily apply for this grant. Our judges pick a $10,000 grant winner every month and if you win, youre automatically eligible for our year-end $25,000 Amber Grant. That means you could be awarded $35,000 by completing your application today.
After youve applied for our grant, please read about the resources below. There are businesspeople in Alabama waiting to help women business owners just like you.
$10000 Grants For Underprivileged Residents
Grants of $10,000 to Alabama, Colorado, Florida, and Texas nonprofit organizations in eligible locations to address the needs of underprivileged residents. Funding is intended to assist families and individuals who are financially disadvantaged. Grant funds are also intended to help people who do not have access to basic healthcare, human services, and basic needs, such as food, clothing, and shelter. Programs must serve residents of Huntsville and Madison County, Alabama Eglin, Florida Corpus Christi, Texas and Colorado Springs, Colorado.
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Small Business Grants In Alabama Overview
American Small Businesses seek financial help from government-backed programs as well as grants offered by NGOs and private entities to rebuild their business model affected due to coronavirus pandemic.
Some business owners take low-interest loans from third-party providers to support their business. Covid-19 has disturbed every single industry across the globe.
To streamline businesses, the government is providing financial help through grants.
Alabama Small Business Grants are listed here for those who live in Alabama and searching for resources to get financial aid.
Natural Resource Sales Assistance Program
In addition to the billions of dollars spent purchasing goods and services, the federal government also sells large amounts of natural resources and surplus property. The SBA Natural Resource Sales Assistance Program sets aside a percentage of these goods for bidding by small businesses only. In addition, federal agencies sometimes divide surplus materials into smaller parcels, making it easier for small businesses to purchase. The five categories are:
- Timber and related forest products.
- Strategic materials.
- Leases involving rights to minerals, coil, oil and gas.
- Surplus real and personal property.
The program also provides training for small businesses on government sales and leasing.
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Amazon Launchpad Products For Tomorrow
With Amazons Products for Tomorrow program, businesses that provide innovative, sustainable products are supported. Amazon Launchpad membership, a $20,000 grant, and sustainability certification assistance will be awarded to businesses selected to participate. The deadline for applications is August 18, and applications can be submitted online.
What Is A Grant
Generally, a grant is an award of money or resources given to a nonprofit organization or a business entity to help the community create something new. Grants may be used to launch a new product, service, or project. Unlike loan programs, a grant does not need to be repaid. The benefit of grants for small businesses is that they do not require repayment, so they are a good option.
Grants, though time-consuming, can be a useful tool to help your business grow, regardless of how difficult the process of applying for and administering grants is. For most competitive grants, the application process can take quite a long time to complete. It is extremely important to prove to the lending body that you can meet its requirements regarding applying for a grant for your small business and that your company has the resources to build a successful business. Governments, charitable organizations, and foundations typically administer various grant programs.
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Kkr Small Business Builders Grant Program
A total of 278 small businesses have received $10,000 grants through the KKR Small Business Builders program since 2020. Small Business Builders grants support entrepreneurs and small businesses worldwide as part of KKRs COVID-19 Relief Effort. Businesses can benefit from the program by maintaining or creating jobs, spurring economic opportunity, and sustaining their enterprises in the face of the ongoing COVID-19 crisis.
KKR Small Business Builders targets companies that provide important community services and are pivoting their business in response to the pandemic. KKR is proud to support small businesses with female founders in its seventh round of the program.
Women founders can apply for KKR Small Business Builders Grants beginning March 8, 2022, at 9 a.m. ET. The application period closes on April 20, 2022, at 6 p.m. ET. A panel reviewed applications based on the review criteria in the Terms & Conditions. It was announced publicly in early June 2022 that recipients had been notified by email.
Over 278 small business owners have received KKR Small Business Builders Grants worth more than $2.75 million.
A total of $20,000 will be awarded to small businesses participating in the Antares REACH Grant Program, with an emphasis on businesses preparing for future growth owned and operated by historically underrepresented entrepreneurs and providing important community services.
Businesses must meet the following requirements in order to qualify:
Give Big Support Small
As West Alabama unites together to support its small business community, the Small Business Relief Fund has been established to quickly administer much needed funding during these challenging times. Whether you are a business, foundation, or an individual, we must rally together to provide relief for our communitys small businesses. Our local economy thrives on small businesses and the need for help is urgent. Give big and support small today.
IMPORTANT: Add Small Business Relief Fund in the additional comments sectionDONATE BY CHECK: Make payable to CFWA Memo: Small Business Relief FundMAIL TO: CFWA, PO Box 3033 Tuscaloosa, AL 35403
The Small Business Relief Fund is a Community Foundation of West Alabama Fund, in coordination with the Chamber of Commerce of West Alabama. All contributions are tax deductible.
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Kay Ivey Announces Launch Of Small Business Grant Program
Alabama Governor Kay Ivey announced last Tuesday, that the Alabama Innovation Corporation opened applications for the Innovate Alabama Supplemental Grant Program.
The Innovate Alabama Supplemental Grant Program is the latest way our state is creating an attractive business environment for pioneering ideas that will change our world, said Governor Ivey. Alabamians have the grit, determination, and creativity to make these ideas a reality, and with Innovate Alabamas supplemental funding, these small businesses will take their ideas from concept to commercialization.
Alabama-based recipients of Phase I and Phase II Federal Small Business Innovation Research and Small Business Technology Transfer grants are eligible to apply for up to $250,000 in supplemental funding.
The Governors office said in a release that helping the states leading entrepreneurs and innovators disperse these funds will grow Alabamas economy by stimulating research and commercialization, developing exportable products and services, and creating and retaining high-wage jobs in skilled occupations.
Bill Poole, who was appointed the State Finance Director in July of 2021, is the chairman of the Alabama Innovation Corporation.
State Senate President Pro Tempore Greg Reed is the vice chair of the Alabama Innovation Corporation.
Dr. Michael Chambers is the Associate Vice President for Research at the University of South Alabama and serves on the board of the Alabama Innovation Corporation.
Inside Usgrantsorg Applicants Portal
- Grants Repository – Access current and historic funding opportunities with ease. Thousands of funding opportunities are published every week. We can help you sort through the database and find the eligible ones to apply for.
- Applicant Video Guides – The grant application process can be challenging to follow. We can help you with intuitive video guides to speed up the process and eliminate errors in submissions.
- Grant Proposal Wizard – We have developed a network of private funding organizations and investors across the United States. We can reach out and submit your proposal to these contacts to maximize your chances of getting the funding you need.
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Eligibility For Small Business Grants In Alabama
The Revive Plus grant program is a government-backed program designed to revive the economy.
Since small businesses are hard-hit, they need additional support from the government. This grant welcomes businesses with less than 50 employees.
The eligible applicants would receive $20,000 for all the expenses of their business. Unlike other grants, the Revive Plus grant is fully independent.
If you have received grant money from any other government-backed grant for your small business, you can still receive the sum of $20,000 through Revive Plus grant in Alabama.
Alabama received a total of $1.9 Billion through Cares Act to fight the pandemic.
The money was not enough to support thousands of small businesses destroyed due to the pandemic and its post-effects. For that reason, the governor of Alabama has declared the $200 million grant for the citizens.
The total fund announced by the Government for Coronavirus Relief Fund was $300 Million. The Coronavirus Relief Fund was not limited to businesses, but for every individual affected due to Covid-19 and its effects.
All types of people, faith-based organizations, small businesses, non-profit organizations-all are eligible to receive financial aid through this grant in Alabama. However, the fund was not enough compared to the demands of the citizens.
Check out the official website to know whether you are eligible or not.
How Do I Get Started
Yes, there is grant money available from private foundations and government entities. No, it is generally not available to individuals to start for-profit businesses. There are a few private sector competitions listed below.
The first step you can take is to talk with an SBDC Business Advisor. Starting a small business in Alabama, or taking steps to save or grow it, is a lot easier after youve talked with a small business expert.
Even though many publications and talk shows publicize grants to small businesses, there are only certain types of government grants available to small businesses. SBA, for instance, offers Small Business Innovation Research and Small Business Technology Transfer grants. Grants from other agencies may also be available for new technologies, inventions, or products. The U.S. government does not currently provide grants for starting or expanding a small business.
The U.S. Small Business Administration administers the nationwide SBDC program while implementation of program in Alabama rests with the Executive State Director and the participating organizations within the state.
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Innovate Alabama Awards $45m
The Alabama Innovation Corp. announced Monday the awarding of its first round of grants geared toward helping small businesses expand their operations within the Yellowhammer State.
The 31 grant awards, which total more than $4.5 million in funding, will be distributed under the Innovate Alabama Supplemental Grant Program.
According to the corporation, the funds will enable small business owners further commercialize modern technology and contribute to the Alabamas regional and national economic footprint.
The program assists advancing the states economy through numerous avenues. The ways include boosting research and commercialization efforts, developing exportable products and services and generating high-wage job opportunities.
In a release announcing the grant awards, Gov. Kay Ivey stated her administrations goal of bolstering Alabamas economy through innovative small businesses.
Thanks to the Innovate Alabama Supplemental Grant Program, the work of the Alabama Innovation Corp. and the Alabama Legislature, 30 small businesses across our state will have the opportunity to commercialize their technology to help solve global issues, said the governor. We are proud to support these entrepreneurs and business leaders who will leave a lasting impact on Alabamas economy and pave the way for future generations of Alabamians.
Dylan Smith is the editor of Yellowhammer News. You can follow him on Twitter @DylanSmithAL
Business Plan Or Idea Pitch Competitions
Pitch Competitions are available throughout Alabama, and provide an opportunity to compete for prize money . Each competition has its own rules and requirements. Some are designed to help companies that are developing new technologies others are restricted to a specific industry sector. Awards can range from $500 to $50,000 or more. A list of pitch competitions in Alabama is available here.
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How Can I Get A Grant To Start Or Expand My Business In Alabama
Unless your business involves the development of new technology or is a non-profit organization, it is difficult to find a grant to start or expand a small business.
Nearly every day a Small Business Development Center office or the Small Business Administration gets a call from someone who has responded to an ad that implies there is free money available to start a business. It just isnt true. If it were, the people who work in those offices would all have one of those wonderful grants and be starting their own businesses. What really happens is that those folks at SBDCs all over the country spend a lot of their time trying to keep hopeful entrepreneurs from getting ripped off by potential scammers.