Small Business/Startup Grants in Florida
When you form a small business in Florida, one of the advantages that you will enjoy is that there are a variety of Florida startup grants and incentive programs to choose from. Grants are available in different forms and the most common types include:
- Small business grants
- Federal grants
- State grants
- County grants
- Local grants
- Grants offered by private agencies
Apart from the Florida small business relief grant program, there are additional grant programs available for small businesses as well as traditional funding options like loans, microloans and various lines of credit. Let’s take a look at some of the popular grants in Florida.
Enterprise Florida grants
The enterprise Florida grants are one of the most popular grants for businesses in the trade sector. These are most commonly known as trade grants whose objective is to support a business in exporting goods as well as diversifying into new international markets. The trade grants are offered by Enterprise Florida, Inc. (EFI) through their Florida Export Diversification & Expansion program. The new small business grants in Florida can be divided into three categories, which are:
The enterprise Florida grants for qualifying companies can vary from $4,500 to $10,000 depending on the type of grant.
Form your startup and leverage Florida Business Advantages!
Prospera Small Business Grants
Prospera small business grants in Florida are targeted towards assisting existing small businesses and startups to strive towards professional business development. Prospera is a non-profit entity that promotes economic development that also provides other services like empowerment for entrepreneurs through training and access to capital through micro-loans and commercial bank loans.
Florida High Tech Corridor Grant
The Florida High Tech Corridor Council Program provides small business grants in Florida to help businesses to accelerate their technical expertise and commercial accomplishments. These new small business grants in Florida have been designed primarily to target high-tech companies and are available in 23 counties. The grant amount can vary from $10,000 to $150,000 although the maximum amount can be $250,000 annually per project.
This is one of the top Florida startup grants targeted towards women entrepreneurs in the state. The grant is awarded by the Amber Grant Foundation to women small business owners and the grant amount can vary from $10,000 (each month) to $25,000 (year-end grant). The primary objective of this Florida small business relief grant program is to help women entrepreneurs establish their business or startups in the initial and operational stages.
National Association for the Self-Employed Grant
The National Association for the Self-Employed (NASE) provides small business grants in Florida to startups so that they can make their businesses operational, grow and expand. The grant amount is $4,000 and they have been responsible for awarding more than $1 million in grants to startups since the program began in 2006.
Small Business Research Grants
There are different types of small business grants in Florida that a business or entrepreneur can benefit from. You have to qualify to be awarded a grant and one of the popular areas is the business research and development grants. This type of grant is available under federal and state grant programs with the most common being the Small Business Innovation Research (SBIR) program and the Small Business Technology Transfer (STTR) program. Depending on the type of new small business grants in Florida you choose, the grant amount can vary from $5,000 for small business entrepreneurs to $1,730,751 for Small Business Innovation Research (SBIR) programs.
USDA Rural Business Development Grants
The rural business development grants are managed by the United States Department of Agriculture (USDA) and hence are considered as federal grants. If you are searching for a Florida startup grant then this is a good grant to start with. There is no maximum grant amount or specific grant amount although smaller amounts get higher priority. This type of new small business grant in Florida can be used for a variety of purposes including:
- Technology-based economic development
- Business strategic planning on long-term basis
- Entrepreneur and leadership training
- Purchasing and setting up business related machinery or equipment
- Market research and feasibility studies