Grow your company with a grant for diverse-small businesses in the Chicago area.
Donor Name: Founders First Community Development Corporation
State: Illinois
City: Chicago
Type of Grant: Grant
Deadline: 02/08/2023
Size of the Grant: $100,000
Details:
The Founders First Job Creators Quest Grant is one of many ways small businesses can apply for the capital needed to grow. As part of mission to provide continued education to founders, all grant recipients also receive a scholarship to one of acclaimed accelerator programs. Grant money can be used as growth capital to hire or rehire premium wage jobs. Cash infusion can be used to purchase, fix or enhance equipment necessary to help manage growth challenges and scale for the future.
Funding Information
Benefits $100,000 in Small Business Grants The $100,000 fund will make investments to 25 diverse-led businesses in the state of Illinois. Accelerator Program Scholarship As part of mission to provide continued education, all grant recipients will receive a scholarship to a Founders First accelerator program.
Eligibility Criteria
- Founder identifies as one of the following: Latinx, Black, Asian, Women, LGBTQIA+, Military Veteran, or located in a Low to Moderate Income area.
- Must be a for-profit company with annual revenues between $100K and $3 million. Current staff of 2-20 employees.
- Will have the ability to add 1-2+ net new premium wage jobs in the next 12 months.
- Must be located in the state of Illinois.
For more information, visit Founders First CDC.