Empire State Development’s Small Business Division

Empire State Development’s Small Business Division supports the development and expansion of businesses with under 100 employees – directing an array of programs and initiatives supporting small business growth and helping entrepreneurs maximize opportunities for success. Explore all we offer, plus a custom business checklist of NYC programs and services that match your goals.

Target: Small and medium sized business with fewer than 500 employees with primary business in NYC

Grow Nassau Fund

The Grow Nassau Fund can make loans at competitive rates, for terms up to 25 years depending on proposed use of funds. The average loan size is $250,000. 

Requirement:

  • A brief description of the project, including proposed sources and uses of funds.
  • Corporate Financial Statement or Tax Returns for previous 3 years.
  • Current Financial Statements (may be an in-house statement)
  • A Personal Financial Statement of all principals who own more than 20% of company stock
  • A Credit Release, authorizing GAF and the Grow Nassau Fund to obtain personal and corporate credit reports.
SMALL BUSINESS ASSISTANCE GRANT PROGRAM

The Small Business Assistance Grant Program provides grants to help small businesses in New York City (the“City”) that have suffered physical damage as a result of Hurricane Sandy. The grant is offered by the New York Business Assistance Corporation (NYBAC).

Requirement:

  • Employed fewer than 100 full-time employees at all business locations during the 12 months immediately preceding October 28, 2012 (a full-time employee works at least 30 hours per week).
  • Annual gross revenues of not more than $10,000,000 from all business activities at all business locations during the 12 months immediately preceding October 28, 2012.
  • Located in New York City Evacuation Zones A and B. [zone locator tool: http://gis.nyc.gov/oem/he/index.htm]
  • Unless otherwise approved by NYBAC in advance, Grants are limited to businesses that are located/will be re-opened in the same commercial corridor or within the same geographic vicinity they occupied prior to Hurricane Sandy.
National Association for the Self-Employed (NASE) Growth Grants

These grants are awarded to any small business owner who is a NASE member and can demonstrate a specific need for the money.

Requirement:

  • Be an NASE Member in good standing 
  • Demonstrate a business need that could be fulfilled by the grant 
  • Provide a detailed explanation of how you will use the grant proceeds 
  • Show how the grant will improve your business growth and success 
  • Offer supporting documentation such as a résumé and business plan
IdeaCafe Grant

The IdeaCafe Grant awards a $1,000 micro-grants to one small business owner each year. The application deadline is in January, so apply early! Although the funding isn’t technically a small business grant for women only, the vast majority of the winners have been female entrepreneurs. This is a great grant to apply to if you’re a relatively new startup looking for funding. This grant is also available for those that have an idea for a business but haven’t actively started building it yet.

Target: Anyone who currently owns a business or is planning to start one.

IdeaCafe Grant

The IdeaCafe Grant awards a $1,000 micro-grants to one small business owner each year. The application deadline is in January, so apply early! Although the funding isn’t technically a small business grant for women only, the vast majority of the winners have been female entrepreneurs. This is a great grant to apply to if you’re a relatively new startup looking for funding. This grant is also available for those that have an idea for a business but haven’t actively started building it yet.

Target: Anyone who currently owns a business or is planning to start one.

Rural Business Investment Program

This program provides a Rural Business Investment Company (RBIC) license to newly formed venture capital organizations to help meet the equity capital investment needs in rural communities.

All applicants:

  • Must have relevant experience in venture capital or community development financing
  • Must raise a minimum of $10 million in private equity capital
  • May be structured as limited partnerships, limited liability companies or corporations
Global Innovation Exchange

Global Innovation Exchange is a tech platform that aims to accelerate innovation in developing countries, using our ever-growing database of innovations and funding to reveal curated content and industry insights for social entrepreneurs, funders who fund them, and other development professionals.

Requirement: Here

Kauffman Foundation

The Kauffman Foundation works in partnership with organizations that share our vision and passion for education, entrepreneurship and the Kansas City community. We look for ways to advance programs and to leverage additional funding and resources in these areas. We consider our grants to be investments, and we look for a return on the investments we make.

Requirement: Only for  Education, Entrepreneurship and Kansas City program areas


FedEx Small Business Grant Contest

FedEx runs an annual contest in which small businesses compete to win up to $25,000 in cash and $7,500 in print and business services.

Requirement: Here