Smart Start Business Acceleration Grant 2025

The Smart Start Business Acceleration Grant Program is designed to provide financial support to established small businesses to advance and accelerate the growth and expansion of Portsmouth’s entrepreneurial and small business community. Donor Name: Portsmouth Economic Development State: Virginia City: Portsmouth Type of Grant: Grant | Reimbursement Deadline: 10/31/2024 Size of the Grant:Maximum Grant Award: $5,000 Grant Duration: Grant Duration Not Mentioned Details: The Smart Start Business Acceleration Grant is a matching, reimbursement program that requires the applicant to make the initial investment for the full cost of activities; 80% of the eligible costs will be paid as a reimbursement, up to the maximum grant award. Funding Information The maximum grant amount available for any approved application is $5,000. Eligible Activities  Professional and third-party services to assist in expanding a business including legal, financial, accounting, marketing, social media, e-commerce, etc. Small scale production/manufacturing equipment, machinery, tools, etc. Technology and digital infrastructure (hardware, software, digital platforms, etc.) Business furniture and fixtures Certifications Eligible Applicants New and recently established for-profit small businesses and non-profit organizations with operations based in the City of Portsmouth Available to businesses that have been in operation for 3-7 years (as evidenced by a City of Portsmouth business license) Available to businesses with 10 full-time equivalent (FTE) or fewer positions Businesses utilizing a co-working space mailbox must prove Portsmouth residency with a 12-month residential lease or proof of home ownership. Co-working space tenants are required to have a minimum of a 12-month lease. Copy of lease is required. Proof of Portsmouth residency is required for home-based businesses. Entities of local, state, or federal government, religious organizations, and residential-use businesses are prohibited from applying. Businesses current with City of Portsmouth taxes and fees. For more information, visit Portsmouth Economic Development. Related Posts:2025 Smart Start Business Development Grant – VirginiaTargeted Small Business Growth & Development Grant…2025 Social Equity Grant Program – MassachusettsWaste Reduction & Innovation Grant – Minnesota2024 Economic Development Program (Kansas)Downtown Boro’s Small Business Grant Program – North…Contra Costa County Innovation Fund - CaliforniaIllinois: Energy Transition Community Grant ProgramMaine: Resilient Food Systems Infrastructure Program 2025Grants for Minority, Women and Veteran Owned…Automated Permit Processing for Solar (APPS) Grant…City of Dubuque Small Business Support Grant in IowaCity of Raleigh Impact Partner Grant – North CarolinaTRANSFORM Business Grant to support EntrepreneursCity of Dubuque Small Business Support Grant Program (Iowa)Female Founder World Grant for Small BusinessesStartHER Grant Program - TexasPennsylvania: Fresh Food Financing InitiativePennsylvania: Fresh Food Financing Initiative2024 Catapult Grants for Educators in Missouri and IllinoisRegional Workforce Impact Program in North Dakota