GrantExec

City of Dearborn Small Business Grant Program

$5,000
Closed
MI
Grant Description

The City of Dearborn's Small Business Grant Program aims to bolster the local economy by providing financial assistance to established small businesses. This program is designed to align with the city's broader mission of fostering a vibrant and sustainable business environment, recognizing the crucial role small businesses play in community development and job creation. By offering grants for business improvements, the city seeks to enhance the competitiveness and longevity of its local enterprises, contributing to overall economic stability and growth. The primary beneficiaries of this program are small businesses located in Dearborn, specifically those with 15 or fewer employees and a minimum of five years in operation within the city. These businesses must also be in good standing with the City, State, and IRS, and not currently in bankruptcy. The program targets businesses that are stable but could benefit from financial support to make improvements, thereby strengthening their operations and contributing to the local business landscape. Business owners must also not be listed on the MI State Police Sex Offender Registry. The program's priorities and focus areas are clearly defined: facade improvements (such as paint, windows, building face materials), awnings, and other exterior enhancements like signage, patios, walkways, and landscaping. The grant explicitly aims to improve the physical appearance and functionality of business premises, which can directly impact customer attraction and business viability. This focus on tangible improvements suggests a strategic priority to enhance the aesthetic appeal and operational efficiency of Dearborn's commercial districts. The expected outcomes include an improved physical appearance of small businesses, increased business competitiveness, and a stronger local economy. Businesses can receive $5,000 in assistance, with an expected $2,500 match from the business themselves, indicating a commitment to shared investment and responsibility for improvement. While specific measurable results like increased revenue or job creation are not explicitly stated, the focus on direct improvements implies a theory of change where enhanced business infrastructure leads to greater customer engagement, sustained operations, and ultimately, a more prosperous local economy.

Funding Details

Award Range

Not specified - $5,000

Total Program Funding

Not specified

Number of Awards

Not specified

Matching Requirement

Yes - $2,500 match required.

Eligibility

Eligible Applicants

Small businesses

Additional Requirements

Small businesses in Dearborn.

Geographic Eligibility

City of Dearborn

Key Dates

Application Opens

June 10, 2024

Application Closes

July 10, 2024

Contact Information

Grantor

City of Dearborn

Email

Phone

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Categories
Business and Commerce
Workforce Development
Employment Labor and Training