Main Street Ventures Leap Funding Program

Leap Funding, provided by Main Street Ventures, offers equity-free funding ranging from $10,000 to $30,000 to promising, revenue-generating businesses. The primary goal of this program is to help these businesses scale their community impact and enhance their long-term survival prospects. Main Street Ventures' mission, as evidenced by this grant, is to foster economic growth and community development by supporting local enterprises, particularly within the Greater Cincinnati region. This aligns with a strategic priority to strengthen local economies through direct investment in businesses that demonstrate strong potential and customer demand. The target beneficiaries of Leap Funding are established business entities, specifically C-Corps, S-Corps, or LLCs, that possess a Federal Tax ID (EIN). The program focuses on businesses within key industry areas, including retail storefronts (restaurants, coffee shops, retail shops), manufactured goods (consumer packaged goods, clothing, sporting goods), and technology companies (hardware, software). A critical geographical focus is the Greater Cincinnati region, encompassing specific counties in Ohio (Hamilton, Butler, Clermont, Warren), Kentucky (Boone, Campbell), and Indiana (Dearborn). Grant requests from outside this region are explicitly not considered. The program prioritizes funding for specific growth projects rather than general operating expenses. Main Street Ventures defines a growth project as a step that will accelerate business expansion. Suitable direct expenses include key equipment, packaging support, and technology product development. Conversely, general operating expenses such as existing payroll, rent, insurance, marketing, and legal fees are not eligible for grant funds. Businesses are also required to demonstrate customer demand and consistent progression since their founding, ensuring that the funding supports businesses with a proven track record and clear growth trajectory. Expected outcomes include accelerated business growth, increased community impact, and improved long-term survival rates for the funded enterprises. Measurable results would likely include job creation, increased revenue for the businesses, expansion into new markets, or enhanced product development. Special consideration is given to women and minority-owned businesses, as well as those that can secure matching funds from other sources, reflecting a strategic priority to promote diversity and leverage additional investment. The foundation's theory of change appears to be that by providing targeted, equity-free capital for specific growth initiatives, they can empower local businesses to expand, thereby creating a ripple effect of economic benefit and community resilience within the Greater Cincinnati area.