The City of Dubuque’s Small Business Support Grant is a program designed to assist small business owners with operating costs, offering up to $5,000 in reimbursement for eligible expenses. The program's core goal is to cover immediate business expenses while simultaneously equipping business owners with strategies for sustained success. The City partners with the Fountain of Youth Program to administer the grant, integrating a developmental component into the financial aid.
The grant targets small business owners residing within the City of Dubuque limits. Eligible businesses must have fewer than five employees, have been operational for at least 12 months, and the applicant must have filed their 2022 and/or 2023 personal and business income taxes. A key criterion for eligibility is that the applicant must be an individual from a low- to moderate-income household, ensuring the support reaches those who need it most within the community.
The program's priorities and focus are twofold: providing short-term financial assistance and fostering long-term business improvement. Recipients are required to participate in an eight-week personal and professional development program facilitated by Fountain of Youth and will be matched with a business mentor. This structured support aims to help business owners enhance their practices and increase their income, moving beyond just immediate financial relief.
Expected outcomes include not only the continued operation of businesses due to covered expenses but also improved business practices and increased income for participating owners. The reimbursement model, contingent on participation in personal and professional development activities, reinforces the program's commitment to both immediate aid and sustainable growth. The grant details do not mention a specific "foundation" or its mission alignment, strategic priorities, or theory of change, as this is a city-run grant program.
