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Grant Amount : $5,500 - $15,500

About

Small businesses are the backbone of our local economy. The events of 2020 and the continual effects of the COVID-19 pandemic have either delayed plans for businesses or created daily operational hurdles. The City of Marion seeks to provide relief by providing capital on a matching basis for innovation, expansion, and growth to Marion businesses.

The Business Innovation & Support Grant targets small businesses with 1-10 employees, granting them dollars ranging from $5,500 to $15,500. Each award comes with up to 5 hours of mandatory business counseling by a pre-approved business coach ($500 will be reserved from each cash award for the counseling/coaching fee).

How do I Qualify?

Applicants should demonstrate an entrepreneurial approach to navigating the small business hardships of 2020-2022 and an innovative plan to thrive and grow through this business support grant.

  • Businesses must be located in Marion, Iowa.
  • Priority is given to small businesses in retail, food service, arts and entertainment, hospitality and service, fitness, personal service, and transportation and fully operational as of Sept. 1, 2020.
  • Ineligible businesses include adult entertainment; cigar, cigarette, electronic cigarette, and tobacco dealers; check cashing, bail bonds, salvage services, fireworks sales; and auto dealerships.
  • To determine the grant request level, applicants will need to create an itemized list of how they would use the grant funding. Eligible uses include production equipment, office equipment (software & hardware), expansion expenses, marketing, remodeling, product expansion, signage.
  • Ineligible uses include property payments, accounts payable, debts, rent, utilities, payroll, interest, raw materials, medication, alcohol, tobacco, or items purchased for resale.

About the Grantor

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