Top Small Business Grants in Florida

Small business grants are especially attractive if you're starting or growing a business in Florida because they provide your business with capital that doesn't need to be repaid. business subsidies It can be used for a wide range of purposes, from covering administrative and business expenses to funding research projects and beautifying the exterior of your store.

The list of small business grants for businesses in Florida includes both state-specific and national options.

Florida-specific grants for small businesses may be statewide, regional, or city-specific, so be sure to read the requirements before taking the time to apply.

If your Florida startup is a high-tech company, you may be eligible. Florida High Tech Corridor Grant. These grants are designed for research and development projects and partner businesses with researchers at the University of Central Florida and the University of South Florida. Opportunities exist in 23 Florida counties.

Eligible companies work with university researchers to create a business plan and budget and submit an application. Applications are accepted throughout the year. If approved, up to $150,000 in funding will be distributed directly to university research teams.

Prospera has been helping Hispanic entrepreneurs start new businesses in Florida since 1991. This nonprofit economic development organization works with new and existing Hispanic business owners to help ensure they have the tools and resources they need to succeed.

Prospera subsidy is awarded on an individual basis and provides professional services related to legal and accounting evaluations, business plans, QuickBooks consulting, marketing plans, and branding kits at no cost to business owners.

Florida export companies can apply for a variety of business grants through the Florida Export Diversification and Expansion Program. Grants are provided for marketing plans, website localization, market development, and exhibitions.

Basic eligibility requirements for Florida Enterprise Trade Grant Businesses must be located in Florida, have been in operation for at least two years, employ between three and 500 employees, and have annual sales of $250,000 or more. Individual grants have additional eligibility requirements.

through Florida SBDC The State Trade Expansion Program provides eligible exporting companies with reimbursement for export credit insurance, marketing planning costs, and certain costs associated with trade shows and U.S. Department of Commerce promotional events. Reimbursement limits vary by expense, but are set at a maximum of $15,000 per funding period. To qualify for the subsidy, companies must be exporting for the first time or planning to use exports to expand their business.

Floridians also have access to free professional business consulting services through the SBDC. Our certified consultants can help you with business planning, management, marketing, financial analysis, financing, international trade, cybersecurity, and disaster preparedness. On-demand videos and live workshops and seminars are also available. A small fee may be required to participate.

2024 Gusto Impact Award Intended for small to medium sized businesses based in Orlando. Small Business He will receive $10,000 in funding, $50,000 worth of local advertising, and one year of free Gusto salaries. Additionally, 30 businesses will receive a $500 Visa gift card. To qualify, a business must have been in operation for at least one year, have 75 or fewer employees, and have annual revenue of $7 million or less in 2023. The application period is from February 13th to March. 14th, 2024.

of Business support program (BAP) is a matching grant administered through the Economic Development Department (EDD) for the purpose of promoting the development and expansion of small businesses in Orlando, Florida. The business owner pays his 50% of the eligible development fees and EDD pays the remaining 50% (up to $20,000).

BAPs can be used for transportation impact fees, permits, and other development costs, as well as improvements such as sidewalk repairs, water construction, street improvements, landscaping, street lighting, curb improvements, and electric vehicle charging infrastructure.

Before taking out a loan, small business owners must obtain city approval and appropriate permits for their project. Businesses must be located or relocated to the City of Orlando and must be a small business as defined by the U.S. Small Business Administration.

North Miami CRAis an independent government agency that offers a number of commercial grant programs, including business attraction grants, beautification and enhancement grants, rehabilitation grants, and capacity building/retention grants. Maximum grant amounts range from $7,500 to $150,000 depending on the program.

Although each program has specific requirements, general eligibility requirements include that the business be located within (or relocated to a building within) the designated North Miami geographic boundaries, and that the project be located within the community. This includes things that have been shown to provide benefits. Business attraction subsidies and revitalization subsidies require 50% matching by companies.

You may also want to consider these national business grants to provide funding for small businesses in Florida.

Women entrepreneurs and small business owners in Florida should be aware of the following: Grant provided by WomensNet. This includes a monthly Amber Grant award of $10,000 or $1,000 and a year-end Amber Grant worth $25,000. Other grants include a $10,000 Startup Grant awarded quarterly, a $10,000 Business Category Grant awarded monthly, and an Annual Marketing Grant for marketing plan support.

To qualify, businesses must be at least 50% women-owned and based in the U.S. or Canada. Once you complete one application, you will be eligible for all available grants. In addition to your contact information, the application will ask you to describe your business and how the grant will be used. There is a $15 application fee.

NASE offers business development grants of up to $4,000 to small businesses and startups based in the United States. Since the program's inception in 2006, NASE has awarded approximately $1 million in grants to small businesses.

How to qualify NASE Growth Grant, must be an active member of the organization for at least 90 days. Additionally, prove your financial need, provide details on how your business will use the grant, and explain how receiving this grant will help your business thrive and provide a copy of your company. business plan. You can join NASE for $11.95 per month.

of FedEx Small Business Grant Contest awards grants to small businesses across the United States each year. FedEx typically reserves these grants for small businesses with innovative ideas or the greatest need for funding. One grand prize winner will receive $50,000, and nine additional companies will receive $20,000 each.

To be eligible for the grant, your business must be for-profit and have fewer than 99 employees. You will also need to open and use a FedEx Business Shipping Account. Additional eligibility requirements may apply. The application period is from March 1st to April 1st, 2024.

Through the Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs; american seed fund provides grants aimed at supporting U.S. small and medium-sized businesses in the technology sector.

Companies eligible for this grant must be U.S.-owned, for-profit, and focused on research and development. Also, the number of employees must be less than 500 people. To apply, submit a proposal. Your proposal will be reviewed and you may receive feedback to further refine your concept. Depending on the stage of development, prize money can range from $50,000 to nearly $2 million.

of Barclays Small Business Big Wins Competition Businesses across the United States that have been in operation for at least one year are eligible to participate. To apply, companies must write an essay sharing their small business story. In addition, he said seven businesses will each receive $5,000. First place will receive $60,000, second place will receive $40,000 and third place will receive $20,000. The application period is from February 5, 2024 to March 4, 2024.

The application process for small business grants can seem difficult, especially if you're trying to get your business off the ground. Here are some tips to keep in mind when considering grant opportunities.

Starting a new business is often very time-consuming, so it can be helpful to schedule at least one time per week to search for and apply for eligible grant opportunities. Before investing time in the application process, thoroughly research eligibility requirements to ensure your company meets all criteria for the grant.

Research small business grants in your area or consider demographic-specific searches that may apply to you or your business, including:

Another important factor when applying for Florida small business grants is to consider the application fee. When researching available grants, consider the cost of applying and the benefits you may receive. Tracking all possible grants you've researched and their fees can help you prioritize applications for affordable or free grants.

Applying for small business grants in Florida does not guarantee that you will receive the amount of aid you requested. Grants are especially competitive because they provide debt-free funding. If you are not receiving a grant for your Florida business, consider other financing options.consider small business loanslike SBA loan.your local Florida Small Business Bank It may even lead to opportunities. Additionally, consider: business credit card or crowdfunding Options to help you finance your business.

Freelance writer Courtney Johnston contributed to this article.

A version of this article originally appeared on Fundera, a subsidiary of NerdWallet.