The City of Dubuque is currently accepting applications for its Small Business Support Grant, aimed at assisting local businesses with their operating costs. This grant is funded through federal Community Development Block Grant funds from the Department of Housing and Urban Development. The primary goal of the grant is to provide economic development benefits to low- and moderate-income households and areas, thereby fostering long-term success for small businesses in the community.
The purpose of the Small Business Support Grant is to help businesses not only cover their current expenses but also to develop strategies for sustained success. The grant is designed to support business owners in improving their practices and increasing their income. Eligible businesses can receive up to $5,000 to help with various operational costs, which can include rent, utilities, employee salaries, and marketing expenses, among others.
Eligible expenses for the grant include rent and utilities for commercial spaces, salaries for employees, permanent supplies, signage, equipment, marketing, training, and website design. This wide range of eligible expenses allows businesses to address various operational needs that contribute to their overall success and sustainability.
To qualify for the grant, applicants must meet specific criteria. They must reside within the city limits of Dubuque and operate a business with fewer than five employees. Additionally, the business must have been operational for at least 12 months prior to applying, and the applicant must have filed their personal and business income taxes for the years 2022 and/or 2023. Furthermore, applicants must come from low- to moderate-income households.
The application process requires potential applicants to submit their applications by the deadline of September 27, 2024. While the grant does not require a matching contribution, it is essential for applicants to provide all necessary documentation to demonstrate their eligibility. The evaluation of applications will be based on the criteria set forth by the City of Dubuque, which includes the applicant's business viability and the potential impact of the grant on their operations.
For those interested in applying, it is advisable to review the specific submission requirements and prepare answers to any application questions that may arise. The City of Dubuque encourages all eligible small businesses to consider this opportunity to enhance their operational capabilities and contribute to the local economy. For more detailed information, applicants can visit the City of Dubuque's official website dedicated to the Small Business Support Grant.
