Southern California Job creators Grant
This funding opportunity provides $50,000 to support diverse-led businesses in Southern California, helping them create new premium wage jobs while offering business development resources.
The Small Business Grant offers $50,000 in funding to 10 diverse-led businesses in Southern California, with each business receiving a $5,000 cash award and a full tuition scholarship to a Founders First CDC business accelerator program. Applicants must provide detailed business information, including an organization chart, Profit and Loss statement, and a short pitch video. Eligible businesses must be for-profit, have annual revenues between $100K and $5 million, and be located in specified Southern California regions. The program supports businesses that can add 1-2 net new premium wage jobs within the next 12 months. This grant is open to businesses led by founders identifying as Latino, Black, Asian, Women, LGBTQ+, Military Veterans, or those located in Low to Moderate Income areas. Applications open on October 15, 2024, with semi-finalists selected in November 2024 and finalists announced in December 2024.
Award Range
$5,000 - $5,000
Total Program Funding
$50,000
Number of Awards
10
Matching Requirement
No
Additional Details
Grants are paired with a full tuition scholarship to a Founders First CDC business accelerator program.
Eligible Applicants
Additional Requirements
- Businesses must be able to add 1-2 net new premium wage jobs in the next 12 months. - Must have a current staff of 2+ full-time employees. - Must be located in specified Southern California regions. - Founders from diverse backgrounds or underrepresented in their industries are encouraged to apply.
Geographic Eligibility
Los Angeles, Orange County, Riverside, San Bernardino, Imperial, San Diego
Application Opens
October 15, 2024
Application Closes
Not specified
Grantor
Founders First Community Development Corporation (FFCDC)
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