The Highland Economic Development Authority (EDA) has opened its 2021 Incentive Grant Program applications!
Funded by Highland County, the purpose of the Highland EDA Grant Incentive Program is to encourage the growth and success of small businesses located in our County. The grant program is designed to provide a mechanism for the Highland EDA to evaluate and award incentives to local businesses. The program goals are to:
• Encourage entrepreneurship
• Provide new job opportunities for local residents
• Increase the commercial tax base in our region
Applications will be reviewed following the application deadline of February 1, 2021 and grant award letters will go out by April 30, 2021. Applications will be evaluated by EDA members based on the following criteria: Current number of employees/projected number of employees within two years; current and projected revenue within two years; proposed use of the grant funds; business and marketing plan; and readiness to undertake the project.
Grant funds, in a range of $2,000 - $5,000 per business, are for the purpose of assisting with start-up or expansion expenses and can be awarded for the following uses: Purchase of supplies, equipment, or inventory, and/or down-payments towards the lease or purchase of a commercial location, renovations or minor repairs to a new commercial location, utility connection fees, and/or advertising & marketing expenses, and job training (if unavailable through VJIP). Normal operating expenses, such as rent, utilities, payroll, taxes, etc. are not allowable expenses. Full justification of how grant funds will be used and proof that they were utilized as described is required.
The Grant Guidelines and Application may be downloaded by clicking on the link below or by email request to email@example.com. Deadline: February 1, 2021
Need help with writing grants? Contact The Highland Center at 540-468-1922 or check out free SCORE counseling at https://www.score.org/.