The City of Takoma Park’s Open for Business Grant encourages businesses to locate within the City, or to expand their current Takoma Park space.
Donor Name: City of Takoma Park
State: Maryland
City: Takoma Park
Type of Grant: Grant
Deadline: All Time
Size of the Grant: $1000 to $10,000
Grant Duration: Grant Duration Not Mentioned
Details:
Open for Business Grants are funded through the City of Takoma Park’s Neighborhood Commercial Corridor fund, part of the American Rescue Plan Act (ARPA).
Funding Information
- This fund has $119, 157 allocated for FY24.
- Grants are capped at $10,000 to a single business.
Eligible Grant Uses
There is no restriction on usage of grant funding. Grant funds can be applied where most needed, whether to support capital expenditures and hard costs related to new business fit-out, existing tenant improvements, or serve as a one-time subsidy to offset cost of lease.
Eligibility Criteria
Eligible applicants are businesses who
- Are opening or expanding in the City of Takoma Park, with an ownership deed or a signed lease of at least three years for the property with a start date no earlier than October 1, 2023.
- have not have received prior funding from the City of Takoma Park,
- are in Good Standing with the State of Maryland
- are in compliance with all City, County, and State regulations, and
- have a valid Use & Occupancy Certificate.
For more information, visit City of Takoma Park.