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Grant Amount : $2,500 - $5,000

About

The CDBG Small Business Micro-Grant Program for new or early-stage businesses located in Scranton’s low-moderate-income demographic areas (LMA) will supply funds ranging from $2,500 to $5,000 per business through the 2022 year to assist with start-up costs, thus contributing to their initial success and continued revitalization of our community. Businesses must be in a qualifying Low-to-Moderate service area within the City of Scranton.

How do I Qualify?

• Business must be located in a qualifying Low-to-Moderate service area within the City of Scranton, as determined by census tract data. Link to map: https://arcg.is/14zCnT

• Business must be locally owned and non-franchised

• No minimum number of employees required outside the principal owner are eligible.

• A newly established business is defined as opening from January 1, 2021, through the present day.

• Applicant must have the required local, State and Federal licenses, permits, or registrations to operate their business in the City of Scranton.

• Applicant must be registered with the Single Tax Office.

• No applications will be considered if the current business or entity is in arrears for City taxes or has any other outstanding liens or judgements.

• Applicant must complete a SBDC at The University of Scranton business education series or business consultation designed to enhance the business and owner’s chance of success.

• Applications must include a recommendation from the SBDC at The University of Scranton that the business owner has successfully completed the required educational series or business consultation.

• All grant awardees will be required to enter into a CDBG Grant Agreement with the City prior to issuance of grant funds.

• Grant funds not meeting HUD criteria, will need to be repaid (clawed back) to the City.

• Applications will be reviewed on a first-come, first-serve basis.

• Only complete applications will be processed.

About the Grantor

CDBG Small Business Micro-Grant Program
Office of Community Development
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