Top 10 Grants for Small Businesses in 2024

Understanding Grants for Small Businesses

Grants can be a lifeline for small businesses. They provide funds that do not need to be repaid. This can help businesses grow without taking on debt.

Finding the right grant can be challenging. To help, we have compiled a list of the top 10 grants for small businesses in 2023.

Federal Grants

Small Business Innovation Research (SBIR) Program

The SBIR program supports small businesses engaged in federal research and development. It aims to promote technological innovation. Businesses can receive up to $1 million.

Small Business Technology Transfer (STTR) Program

The STTR program focuses on partnerships between small businesses and research institutions. It offers funding for research and development. The goal is to move ideas from the lab to the market.

State Grants

California Small Business COVID-19 Relief Grant Program

This grant provides financial relief to small businesses impacted by COVID-19. Eligible businesses can receive up to $25,000. The funds can be used for various expenses, including payroll and rent.

New York State COVID-19 Pandemic Small Business Recovery Grant Program

This program offers grants to small businesses in New York affected by the pandemic. Grants range from $5,000 to $50,000. The funds can be used for operating expenses and other costs.

Private Grants

FedEx Small Business Grant Contest

FedEx offers grants to small businesses through its annual contest. Winners can receive up to $50,000. The contest also provides visibility and networking opportunities.

Comcast RISE Investment Fund

The Comcast RISE Investment Fund supports small businesses owned by people of color. It offers grants, marketing consultations, and media placements. The program aims to help businesses thrive.

National Association for the Self-Employed (NASE) Growth year, one of the monthly winners receives an additional $25,000. The grant supports women entrepreneurs in various industries.

Halstead Grant

The Halstead Grant is for emerging jewelry designers. The winner receives $7,500 in cash and $1,000 in supplies. The grant also includes business development support.

Applying for grants can be time-consuming, but the rewards are worth it. Review the eligibility requirements and deadlines carefully. With the right grant, your small business can achieve its goals in 2023.