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.