The Resiliency Fund for Minority Businesses
Original information provided by:
We are thrilled to share an amazing opportunity for Black and Brown minority-owned businesses operating in the City of Dayton. The Resiliency Fund, provided by the Miami Valley Urban League (MVUL) and administered by the Greater Cincinnati Microenterprise Initiative (GCMI), is now accepting applications to provide financial support to minority businesses that have been disproportionately affected by the COVID-19 pandemic.
The Resiliency Fund is designed to help businesses stabilize and pivot during these challenging times.
There are three tiers of grant opportunities available, each with a separate application process:
Tier 1: Operational Emergency Relief Grants ($2,500)
Supporting businesses needing immediate assistance with operational hardships.
Tier 2: Community Opportunity Grants ($5,000)
Helping businesses that require additional financial support to address specific needs.
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Tier 3: Catalyst Investment Relief Grants ($10,000)
Aimed at businesses looking to make strategic investments to strengthen their operations.
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Eligibility Requirements Include:
- Minority-owned business (Black or Brown ownership)
- In business for 9 months or more
- Maximum revenue of $1,500,000
- Certificate of Good Standing with the State of Ohio
- Current on all City of Dayton taxes
- Business and financial documentation required (2022 & 2023 tax returns, financial statements, etc.)
Important Dates:
- Application Period: Opens for 10 business days or until the application pool is full.
- Grant Selection: 23 eligible businesses will be selected through a lottery system.
Businesses can only apply for one of the three grant tiers each application period. Please note that if you are selected to receive funding, you will be required to work with a partner Technical Assistance provider to ensure the continued success of your business.
This is a fantastic chance to receive the support your business needs to thrive in 2024!
Apply now to take advantage of this opportunity before the application pool closes!
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