SPEDA’s mini-grant series provides strategic investments to businesses currently operating or in the start-up phase in Somerset and Pulaski County, Kentucky. Created to enhance assistance available to small businesses and strengthen economic growth and development locally, approved projects must demonstrate their benefit to the local community.
Businesses applying for mini-grants should present their overall plan, specific need for investment and ways in which funds will be utilized. Applicants are encouraged to show how their business helps to build community, mobilize local resources and strengthen community institutions and networks.
Mini-grants are subject to approval for up to $2,500 per business entity and require a 20 percent match of total project costs. Projects for which grant funds are provided must be completed within six months.
SPEDA administers program funds at its sole discretion. Nonprofits and governmental organizations are not eligible for SPEDA’s mini-grant program. Each applicant must complete the application in full by the application deadline.
Applications are due by 2:00 pm EST February 28, 2020. Awards will be announced in April 2020. Proposals may be submitted to SPEDA via mail or email.
Please read below for more information and application forms.