Capacity-Building Grant Program

The Greater Franklin Chamber of Commerce is offering a small business capacity-building grant program through its Franklin Chamber Foundation. This initiative aims to strengthen the economic and social growth of the Franklin community by supporting local small businesses, which are considered the foundation of the city. The program aligns with the Chamber's mission to assist in fortifying these essential businesses within the community. The target beneficiaries for this program are small businesses in Franklin with 10 or fewer full-time employees. The grant seeks to impact these businesses by providing financial assistance for various capacity-building initiatives. The overall goal is to enhance the resilience and growth potential of these small enterprises, thereby contributing to the broader economic vitality of Franklin. The program prioritizes initiatives that expand physical space, improve online presence, or bolster marketing efforts. Examples of capacity building include the development of user-friendly online shopping platforms, enhancement of point-of-sale systems, updating websites, increasing physical spaces, and implementing innovative marketing strategies. These focus areas are designed to provide tangible improvements that directly contribute to business growth and sustainability. The Franklin Chamber Foundation plans to award 12 grants, each valued at $2,500, to local small businesses. The expected outcome is that these grants will enable recipient businesses to implement crucial capacity-building projects, leading to increased operational efficiency, broader market reach, and ultimately, greater economic stability. While specific measurable results are not detailed beyond the number and amount of grants, the underlying theory of change is that direct financial support for strategic improvements will empower small businesses to thrive, reinforcing the community's economic fabric.