2024 Beyond Open Small Business Grant Program - Round 3
Beyond Open is a competitive small business grant program focused on enhancing economic mobility within Charlotte's Corridors of Opportunity. It aims to support diverse-owned small businesses, including those owned by minorities, women, veterans, LGBTQ individuals, and persons with disabilities. The grant can be used for capital assets such as equipment, technology, inventory, and real estate, and does not require repayment. Administered by FFTC Partners For Empowering Communities, a supporting organization of the Foundation For The Carolinas, and funded by the Wells Fargo Open for Business Fund, Beyond Open has awarded over $10 million in grants to nearly 300 small businesses during its first two rounds. The third round will distribute approximately $5 million in grants. The program aims to retain jobs, encourage job growth, and inspire new entrepreneurial endeavors in areas with low economic mobility and among historically underrepresented groups. It also seeks to create opportunities for small businesses to provide goods or services in affluent areas where minority business owners have been under-represented.
Award Range
Not specified - Not specified
Total Program Funding
$5,000,000
Number of Awards
Not specified
Matching Requirement
No
Additional Details
Approximately $5 million in grants will be awarded in the third round. Grants can be used for capital assets such as equipment, technology, inventory, and real estate.
Eligible Applicants
Additional Requirements
Eligible businesses must be located within one of the six Corridors of Opportunity, have at least one year of operation, and have an annual revenue between $30,000 and $5 million with fewer than 200 employees.
Geographic Eligibility
City of Charlotte (specifically the Corridors of Opportunity)
Application Opens
August 5, 2024
Application Closes
August 30, 2024
Grantor
Foundation For The Carolinas, Supported ny Wells Fargo Open for Business Fund
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