{"id":14960,"date":"2023-07-30T21:33:00","date_gmt":"2023-07-30T21:33:00","guid":{"rendered":"https:\/\/businessyield.com\/?p=14960"},"modified":"2023-10-31T10:53:48","modified_gmt":"2023-10-31T10:53:48","slug":"small-business-grants-florida","status":"publish","type":"post","link":"https:\/\/businessyield.com\/grant-opportunities\/small-business-grants-florida\/","title":{"rendered":"SMALL BUSINESS GRANTS FLORIDA: Top picks in 2023","gt_translate_keys":[{"key":"rendered","format":"text"}]},"content":{"rendered":"\n
Starting up or expanding your business in Florida can be done rather quickly. However, the administrative costs, office space expenses, and additional business fees can be overwhelming. Discovering business funding opportunities that you won\u2019t need to repay for your small startup can be quite appealing. So taking advantage of small business grants, therefore, can help you grow your business even more quickly, without taking on large amounts of debt. Fortunately, in Florida we have diverse small business grant offers available for different individuals including minorities. So, here we are going to discover the best small business grants for Florida and know some tips on how to apply for them.<\/p>\n\n\n\n
In Florida, with more than $31,979.00 million dollars in grants and additional local government funding sources of $22,686.00 million dollars, the majority of the federal budget in government grants<\/a> is put into the business sector every year. This is because small businesses and large corporations are the foundation of the economic growth in Florida.<\/p>\n\n\n\n In searching for small business grants in Florida, there are some necessary things you’ll want to look out for. It’s better to focus on these two key areas.<\/p>\n\n\n\n First, you should look out for Florida-specific grants set aside for small businesses. However, these grants could be state-wide, regional, or city-specific.<\/p>\n\n\n\n Secondly, you\u2019ll want to look out for national or more widespread business grants. These are grants that might not be specific to your state. They will still be open to Florida small businesses. Our list below has some of the best state and national options. We also advise that you look into local small business grants in your area as well. <\/p>\n\n\n\n Nevertheless, in case you\u2019re not awarded a grant, remember you can always consider more local business financing options<\/a>.<\/p>\n\n\n\n You can also refer to local government websites, or community business organizations for these opportunities.<\/p>\n\n\n\n Other small business grant options may also be available to minorities, women, or veterans in Florida.<\/p>\n\n\n\n These grants are available to Florida small businesses having less than 50 employees. The business annual gross revenue must also be less than $1 million.<\/p>\n\n\n\n However, there is no set amount for these grants. The grant amounts cannot exceed the annual funding amount available for the USDA Rural Business Development program.<\/p>\n\n\n\n This economic development organization is a nonprofit company. It works with new and growing Hispanic businesses to ensure they have the tools and resources they need to succeed.<\/p>\n\n\n\n These grants are awarded on an individual basis, on need, industry, and opportunity potential. <\/p>\n\n\n\n These grants are designed for research and development projects and come with university partnerships. The grants are mainly designed for high-tech companies. The grant opportunities are available in 23 Florida counties.<\/p>\n\n\n\n Awarded amounts vary but range between $10,000 to $150,000. Applications are ongoing all year round. <\/p>\n\n\n\n This small business grant awards $10,000 to a female entrepreneur across North America every month. Also, at the end of the year, all 12 winners have a chance to win the additional year-end Amber Grant worth $25,000. So in total, you could win up to $35,000 to help your small business flourish.<\/p>\n\n\n\n They offer up to $4,000 in small business grants for Florida and other U.S.-based small businesses. They have awarded almost $1 million in small business grants to help new startups grow and develop since the program began in 2006.<\/p>\n\n\n\n They award grants to small businesses across the country every year. Hence, small businesses in Florida are welcome to apply. However, they reserve this grant money for small businesses with innovative ideas that can help communities thrive.<\/p>\n\n\n\n There is no set amount for this grant and several grants are often awarded in different amounts. For instance, in 2020, 12 businesses received over $250,000 in grants through this program.<\/p>\n\n\n\n This is also referred to as America\u2019s Seed Fund<\/a>. The Small Business Innovation Research (SBIR) and Small Business Technology Transfer (SBTT) are two of the largest research grant programs set to help U.S. small businesses in the technology sector.<\/p>\n\n\n\n These two grant programs focus on funding research projects in partnership with the U.S. government.<\/p>\n\n\n\n This development agency<\/a> of the U.S. Department of Commerce enhances the growth of minority-run small businesses in Florida through grants. They do so by connecting owners to financing resources, federal contracts, and market opportunities. You can contact a local MBDA business center<\/a> for more details.<\/p>\n\n\n\n This is a corporate member organization focused on increasing business opportunities for certified minority-owned businesses. It operates the Business Consortium Fund<\/a>, a nonprofit business development program, which offers financing programs and business advisory services for its members.<\/p>\n\n\n\n Socially or economically disadvantaged small-business owners are eligible to receive help through this program. It provides business development assistance, training, and management, and technical guidance.<\/p>\n\n\n\n To qualify, a small business must be at least 51% owned. The citizen must have been subjected to cultural bias or prejudice. The business owner must also be at an economic disadvantage because of race or ethnicity. <\/p>\n\n\n\n This is designed for aspiring entrepreneurs in low-wealth neighborhoods, which often include minority communities. It combines business training and financial counseling along with access to small-business financing options. Participants complete a 12-week training program, plus workshops on business financing and credit and money management. This training will aid small businesses to thrive well when they are awarded grants.<\/p>\n\n\n\n It is the primary economic development organization for the state of Florida. Presently, they offer the State Small Business Credit Initiative (SSBCI) to match Florida startups with private capital opportunities, amongst others.<\/p>\n\n\n\n New grants also pop up throughout the year, so business owners should lookout for new opportunities often.<\/p>\n\n\n\n These grants don’t only come in the form of direct funding. However, they can also provide business development services, such as training, technical assistance, and management courses.<\/p>\n\n\n\n Grants vary depending on the small business need, industry, and size. Generally, the U.S. government sets aside $1 million each year to fund business grants for minorities across the country. <\/p>\n\n\n\n This is for the development or expansion of small businesses in rural areas, whether minority-owned or not. To qualify, you\u2019ll need to have 50 or fewer employees. Your business should also have less than $1 million in revenue. In addition, the business must be located in an eligible rural area<\/a>.<\/p>\n\n\n\nTips for Best Small Business Grants in Florida<\/span><\/h2>\n\n\n\n
Best Small Business Grants in Florida<\/span><\/h2>\n\n\n\n
#1. USDA Rural Business Development Grant<\/h3>\n\n\n\n
#2. Prospera Small Business Grants<\/h3>\n\n\n\n
#3. Florida High Tech Corridor Grant<\/h3>\n\n\n\n
#4. Amber Grant<\/h3>\n\n\n\n
#5. National Association for the Self-Employed Grant<\/h3>\n\n\n\n
#6. FedEx Small Business Grant Contest<\/h3>\n\n\n\n
#7. Small Business Research Grants<\/h3>\n\n\n\n
Small Business Grants for Minorities in Florida<\/span><\/h2>\n\n\n\n
#1. Minority Business Development Agency<\/span><\/h3>\n\n\n\n
#2. National Minority Supplier Development Council<\/h3>\n\n\n\n
#3. SBA 8(a) Business Development Program<\/h3>\n\n\n\n
#4. Operation Hope Small-Business Empowerment Program<\/h3>\n\n\n\n
#5. Enterprise Florida Grants<\/h3>\n\n\n\n
#6. Federal Minority Business Grants<\/h3>\n\n\n\n
#7. The USDA Rural Business Enterprise Grant Program<\/h3>\n\n\n\n
Read also: Texas small business grants.<\/a><\/span><\/h5>\n\n\n\n