The Wilmington Strong Fund is inviting applications from the struggling businesses in the region.
Donor Name: Wilmington Strong Fund
State: Delaware
City: Wilmington
Type of Grant: Grant
Deadline: 09/01/2022
Size of the Grant: $1,000
Details:
The decline of Wilmington’s local economy due to COVID-19 has impacted neighborhoods in unprecedented ways. Public health measures to stop the spread of the COVID-19 virus have had the unintended consequence of reducing business operations and mandating temporary business closures. In May 2020, Cornerstone West CDC and Wilmington Alliance formed The Wilmington Strong Fund to support small businesses recovering from COVID- 19 pandemic.
The Wilmington Strong Fund has become crucial in supporting Wilmington businesses of color, in low to moderate income commercial corridors, and reducing commercial vacancies. Over the course of the past 2 years, Wilmington Strong Fund has implemented additional programmatic efforts. Their work continues to support small businesses as their neighborhoods work together towards recovery; ensuring that the commercial corridors grow and thrive. The Fund began with the leadership from over ten private-public partnerships with expertise in community economic development.
Funding Information
The Wilmington Strong Fund offers $1,000 emergency grants to small businesses located in the City of Wilmington struggling with the negative economic impact of the COVID-19 pandemic.
Eligibility Requirements
In order to be eligible to receive a grant from the Wilmington Strong Fund, all applicants must meet the following criteria:
- If your business is an Air BnB, corporate or franchised businesses, insurance company, property management company, nonprofits or check cashing businesses you are not permitted to apply.
- Your business must be located within the administrative boundaries of the City of Wilmington..
- One Business Owner can not apply for funding for more than 2 separate business locations.
- Businesses cannot make more than 1 million in annual revenue.
For more information, visit Wilmington Strong Fund.