City of Sanford Launches New Micro-Enterprise Grant Program


October 7, 2014

Attention small business owners: are you looking to expand, or do you need a new piece of equipment to upgrade your business?  The City of Sanford is launching a new grant program that aims to provide financial assistance to qualifying micro-enterprises.  Funding for the program has been secured from the Community Development Block Grant (CDBG) Micro-Enterprise Assistance Grant Program and is aimed at helping businesses whose owner(s) meet income limits and who have five or fewer employees. Up to $100,000 in funds will be awarded to micro-enterprises in Sanford or Springvale that plan on expanding or improving their businesses.  A Micro-Enterprise Assistance Grant may be used for a variety of projects, including the purchasing of new/upgraded equipment, machinery, new technology, interior improvements, furniture, fixtures, inventory, or other projects that will help expand or upgrade a business or make it more sustainable.

Applications for the Micro-Enterprise Assistance Program are now being accepted and can be submitted until Friday, November 14th.  As part of the process, applicants will be asked to meet with the Small Business Development Center's Business Counselor to review their existing business plan or to create a business plan.  There is no charge for this service, but interested businesses should allow time for this process when planning their applications.

If you think you may be eligible to apply for grant funds through the Sanford Micro-Enterprise Assistance Program, please contact Sanford Regional Economic Growth Council by email at info@sanfordgrowth.com or by phone at 207-324-9155.