If you want to grow your company with a grant for diverse-small businesses in the Chicago area, you can apply for the Job Creators Quest Grant by the Founder First. A total of $100,000 will be awarded to 30 small businesses. If you are interested, hurry and apply before the deadline arrives for this business grant. You can also check out the Eligibility Criteria and other Details for more information about this business grant mentioned below.
Sponsoring Agency: Founders First
Type of Fund: Grant
Deadline: February 4, 2022
Founders First is committed to increasing the number of diverse founder-led businesses generating over $1 million dollars in revenues and creating premium wage jobs.
A total of $100,000 will be awarded to 30 small businesses: $10,000 grant, $5,000 grant, $2,500 grants, $1,500 grants. In addition, each grant recipient will receive a full-tuition scholarship for one of Founders First CDC’s stellar business accelerator programs.
Grant recipients will be selected based on their demonstrated ability to maintain and grow their workforce despite the pandemic, as well as their ongoing commitment to creating premium wage jobs in their communities.
Over 500 diverse-led small businesses have gone through Founders First programs to increase revenue, profitability, and team members.
The grant amount shall be disbursed in two installments. Half of the cash grant award amount will be disbursed up to 60 days after signed terms and conditions, W-9, and set up of payment disbursement system is confirmed. The remaining portion will be disbursed up to 60 days after the completion of the business’ participation in the eligible accelerator program.
The following recipients are eligible:
- Business owners
A total of $100,000 will be awarded to 30 businesses in Chicago.
For more information, visit here.