This grant supports new or existing microenterprise businesses that serve low and moderate income persons by providing funding to create jobs and expand services. Applicants must provide a 10% equity match, complete entrepreneurial training, and adhere to restrictions on eligible expenses such as excluding building supplies, construction, and vehicles.
Applicants must be new or existing microenterprise businesses serving low and moderate income persons. They must demonstrate inability to access traditional bank financing and provide a 10% equity match. Entrepreneurial training completion is required before accessing funds.
