Grants to Startup, Stabilize, or Expand Micro Businesses in New York in New York (USA)
GrantID: 9463
Grant Funding Amount Low: $5,000
Deadline: Ongoing
Grant Amount High: $35,000
Summary
This grant program supports very small businesses. The goal is to help entrepreneurs launch, stabilize, or expand microenterprises that benefit local economic development and create or retain jobs—especially for individuals in low to moderate income brackets.
Eligible applicants are for-profit businesses with five or fewer employees, including the owner. Both startups and existing businesses may apply, provided they meet income qualifications or plan to create job opportunities for qualifying individuals. Nonprofits are not eligible.
Grants range from $5,000 to $35,000. Recipients are required to contribute a 10% match of the total project cost, which can be in the form of cash or equity. Funds may be used for business needs such as equipment, inventory, working capital, furnishings, or other eligible operating costs. However, the grant cannot be used for construction, renovations, or purchasing real estate.
A key requirement of the program is completion of an approved business training course and submission of a full business plan with financial projections. This ensures that participants are prepared to manage and grow their businesses successfully. The grant is issued on a reimbursement basis, meaning applicants must be able to cover costs upfront before receiving funds.
Applications are accepted during specific windows, typically once or twice a year. Decisions are based on project feasibility, community impact, income eligibility, and alignment with program goals. Preference is often given to businesses contributing to long-term economic growth or serving underserved parts of the community.
This grant provides an opportunity for microbusinesses to secure meaningful financial support while strengthening their foundation for future success. If you operate a small business and meet the criteria, this could be a valuable resource to help grow your venture.
Eligible applicants in New York with a demonstrated commitment to Community/Economic Development are encouraged to consider this funding opportunity. To identify additional grants aligned with your needs, visit The Grant Portal and utilize the Search Grant tool for tailored results.
Eligible Regions
Interests
Eligible Requirements
