POTTSTOWN, PA, April 22, 2024 –
PAED is pleased to offer a competitive Microgrant opportunity for small businesses to assist with expansion and operating costs. This grant is being presented and administered by PAED with funding provided by Peoples Security Bank and Trust.
Grant Awards $500 per grantee Grantees 9
Small Businesses which meet the following criteria should apply:
- The Business must be a for-profit entity.
- Businesses must be legal, licensed, operating and based within the Borough of Pottstown;
- Businesses must have at least one (1) employee but no more than five (5) full or part-time employee.
- Business must have been in operation for at least one year and must be in operation when grant application is submitted.
- Business is the primary source of revenue for the business owner.
- Online and home-based businesses are not eligible to receive program funding.
- Businesses must have physical commercial address within Pottstown Borough.
- Businesses receiving awards from the previous Spring 2024 Microgrant round are not eligible to submit another application for this round.
Timeline
Grant Application Open Date: April 22, 2024
Deadline for Application Submissions: May 17, 2024
Review of Applications: May 20-24, 2024
Notify Awardees and Grant Funds Disbursement: Within 30 days
Completed Projects Reports: At project completion – no later than 12/16/2024
The following documentation is needed to complete the application.
- Government Issued Photo ID
(e.g. Drivers License, Passport, Green Card, or even foreign ID issued by a governmental entity)
- Signed IRS Form W-9
- Local business permit or license
Eligible Uses for Funds: The awarded grants can be used for inventory, procurement of equipment, furniture, fixtures, machinery, marketing, working/operating capital – rent, utilities, business services (accounting, IT, website development).
Ineligible Uses of Funds: Funds are not permitted to be used for political or religious activities, lobbying any governmental entity.
Download the Application here: Peoples Security Small Business Microgrant Application May 2024 042224
For assistance in completing this application contact PAED’s office at 610-326-2900 and a staff member will assist you.
This grant is being presented and administered by PAED with funding provided by Peoples Security Bank and Trust. The information contained in this application is intended for the confidential use of PAED.
Send the completed application to: info@paedinc.org.