Grants Supporting Small Business Growth and Community Impact
GrantID: 13088
Grant Funding Amount Low: Open
Deadline: Ongoing
Grant Amount High: Open
Summary
Explore related grant categories to find additional funding opportunities aligned with this program:
Grant Overview
Priority Outcomes for New York City Small Businesses The Annual Grants Supporting Small Business Growth and Community Impact program in New York City is designed to drive economic development and foster a thriving entrepreneurial ecosystem. The New York City Economic Development Corporation (NYCEDC) and the New York City Department of Small Business Services (SBS) are key agencies overseeing various initiatives that align with the grant's objectives. One of the primary priority outcomes for this grant in New York City is to support small businesses in diverse neighborhoods, particularly in areas with high concentrations of minority-owned and women-owned businesses. The city's unique demographic landscape, with its dense population and diverse cultural heritage, presents opportunities for businesses that cater to niche markets. For instance, small businesses in the city's ethnic enclaves, such as Chinatown and Jackson Heights, can benefit from grants that help them expand their operations and reach new customers. ## Targeting Key Industries New York City's economy is driven by a range of industries, including finance, technology, healthcare, and the arts. The grant program prioritizes outcomes that support small businesses in these sectors, particularly those that create jobs and stimulate local economic growth. The NYC Department of Cultural Affairs (DCLA) provides grants to arts and culture organizations, which are a significant contributor to the city's economy. Small businesses in the creative sector can benefit from these grants, which can help them develop new products, services, and markets. The waterfront areas along the Hudson River and the East River offer opportunities for businesses related to maritime industries, tourism, and recreation. Small businesses in these sectors can benefit from grants that support infrastructure development, marketing, and workforce development. For example, small businesses in the Brooklyn Navy Yard can access resources and funding to support their growth and expansion. ## Measuring Success To measure the success of the grant program, the funder will track key outcomes, including the number of jobs created, business expansion, and increased revenue. The NYCEDC and SBS will work closely with grantees to monitor progress and provide technical assistance as needed. The grant program will also track outcomes related to business diversity, including the number of minority-owned and women-owned businesses that receive funding. In terms of specific metrics, the grant program will track the number of small businesses that receive funding, the amount of funding disbursed, and the number of jobs created or retained. The program will also track metrics related to business growth, such as increased revenue and expanded customer bases. By tracking these outcomes, the funder can assess the effectiveness of the grant program and make adjustments as needed to support the growth and development of small businesses in New York City. Q: What types of small businesses are eligible for the Annual Grants Supporting Small Business Growth and Community Impact program in New York City? A: Small businesses in a range of industries, including finance, technology, healthcare, and the arts, are eligible for the grant program. Priority will be given to businesses in diverse neighborhoods and those that create jobs and stimulate local economic growth. Q: How can small businesses in New York City access resources and funding to support their growth and expansion? A: Small businesses can access resources and funding through the NYCEDC, SBS, and DCLA, which provide a range of programs and services to support business development. The Annual Grants Supporting Small Business Growth and Community Impact program is one of several initiatives available to support small businesses in the city. Q: What are the key outcomes that the Annual Grants Supporting Small Business Growth and Community Impact program is seeking to achieve in New York City? A: The grant program is seeking to achieve outcomes related to job creation, business expansion, and increased revenue, as well as metrics related to business diversity and inclusion.
Eligible Regions
Interests
Eligible Requirements
Grant Detailed Description
View Full Grant Details
📌 Organization: Founders First CDC
Organization: Founders First Community Development Corporation (Founders First CDC)
Mission / Focus: Founders First CDC is a national 501(c)(3) nonprofit dedicated to empowering diverse founder-led, revenue-generating small businesses with access to capital, business growth education, and accelerator programs to build an inclusive economy where small business owners nationwide succeed.
Background: Founders First CDC has built a nationwide platform that couples grant funding with business mentorship and accelerator access. Their approach aims to help small businesses scale, retain revenue growth, and create premium wage jobs (jobs with annual salaries averaging ~$50,000+).
Types of Grants:
National and regional cash grants for diverse-led small businesses
Sector-oriented funds targeting specific founder communities (e.g., veterans, LGBTQIA+, mothers)
Grants paired with accelerator program scholarships
Additional resources like webinars and application support
Eligibility Criteria (General for most grants):
Must be for-profit small businesses (nonprofits generally not eligible)
Must have 2–20 employees with revenue thresholds typically ranging from $100K to $5M annually
Demonstrated ability to add 1–2+ premium wage jobs within 12 months
Diverse founder identity or location in underserved communities encouraged
Application materials often require narratives and short videos about business goals and impact
Grant Funding Locations: Nationwide or region-specific (e.g., Illinois, Texas, Southern California)
📍 📈 Active & Recurring Grants from Founders First CDC
🧑✈️ Stephen L. Tadlock Veteran Business Grant
Funding Priorities & Interests: Micro-grants to veteran-led small businesses with funds to support operating costs, staffing, or operational growth. Encourages business sustainability and strategic acceleration.
Eligible Applicants: Veteran entrepreneurs owning U.S. based for-profit small businesses.
Eligibility: Must have an active business with typical revenue under $5M; employer-based with 2+ employees.
Funding Range: Total fund ~$20,000 with individual awards of ~ $1,000 each, plus access to accelerator programs like Passport or Zebra leadership.
Eligible Locations: Nationwide (U.S.).
Grant Frequency: Annual cycle
Grant URL: https://foundersfirstcdc.org/stephen-tadlock
💼 Job Creators Quest Grant (Region Specific / Annual)
Funding Priorities & Interests: Designed to boost job creation by supporting diverse-led small businesses with cash grants plus full scholarships to Founders First accelerator programs. Targeted for premium wage job growth and sustainability in regional markets.
Eligible Applicants: Diverse founder-led for-profit small businesses with 2–20 employees and regional requirements.
Eligibility: Revenue typically $100K–$5M; must demonstrate capacity to add premium wage jobs; geographic criteria apply (e.g., Illinois, Texas, SoCal).
Funding Range: Total funds often around $100,000 distributed to ~25 businesses (varied individual award sizes).
Eligible Locations: Region-by-region across the U.S.
Proposal Deadlines: Vary by year; estimated cycle typically mid-year
Grant URL: https://foundersfirstcdc.org (check regional grant listings)
👩👧 Kitty Fund — Annual
Funding Priorities & Interests: Provides micro-grants to mom-led or women-led small businesses to support operational growth, workforce expansion, and business sustainability. Supports founders in scaling their businesses while balancing community and family impact.
Eligible Applicants: Mom-led small businesses operating in the U.S.
Eligibility: Must have an active for-profit business; generally fewer than 20 employees; can demonstrate business growth or community impact
Funding Range: Typically micro-grants in the range of ~$1,000 per recipient
Eligible Locations: Nationwide
Proposal Deadlines: Opens annually in spring
Grant URL: https://foundersfirstcdc.org/kitty-fund
🪖 Vetpreneurs Fund — Annual
Funding Priorities & Interests: Provides recurring support to veteran entrepreneurs, helping them expand operations, strengthen business infrastructure, and build sustainable growth strategies. Often paired with mentorship programs for long-term business development.
Eligible Applicants: Veteran business owners in the U.S.
Eligibility: Active for-profit businesses with measurable growth potential; often 2–20 employees
Funding Range: Varies per cycle, typically micro-grants or small cash awards
Eligible Locations: Nationwide
Proposal Deadlines: Annually; typically aligns with Veteran-focused observances
Grant URL: https://foundersfirstcdc.org/vetpreneurs-fund
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