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2024 Beyond Open Small Business Grant Program - Round 3

$5,000,000
Closed
Recurring
Grant Description

Beyond Open is a competitive small business grant program focused on enhancing economic mobility within Charlotte's Corridors of Opportunity. It aims to support diverse-owned small businesses, including those owned by minorities, women, veterans, LGBTQ individuals, and persons with disabilities. The grant can be used for capital assets such as equipment, technology, inventory, and real estate, and does not require repayment. Administered by FFTC Partners For Empowering Communities, a supporting organization of the Foundation For The Carolinas, and funded by the Wells Fargo Open for Business Fund, Beyond Open has awarded over $10 million in grants to nearly 300 small businesses during its first two rounds. The third round will distribute approximately $5 million in grants. The program aims to retain jobs, encourage job growth, and inspire new entrepreneurial endeavors in areas with low economic mobility and among historically underrepresented groups. It also seeks to create opportunities for small businesses to provide goods or services in affluent areas where minority business owners have been under-represented.

Funding Details

Award Range

Not specified - Not specified

Total Program Funding

$5,000,000

Number of Awards

Not specified

Matching Requirement

No

Additional Details

Approximately $5 million in grants will be awarded in the third round. Grants can be used for capital assets such as equipment, technology, inventory, and real estate.

Eligibility

Eligible Applicants

Small businesses
For profit organizations other than small businesses

Additional Requirements

Eligible businesses must be located within one of the six Corridors of Opportunity, have at least one year of operation, and have an annual revenue between $30,000 and $5 million with fewer than 200 employees.

Geographic Eligibility

City of Charlotte (specifically the Corridors of Opportunity)

Key Dates

Application Opens

August 5, 2024

Application Closes

August 30, 2024

Contact Information

Grantor

Foundation For The Carolinas, Supported ny Wells Fargo Open for Business Fund

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Categories
Business and Commerce
Community Development
Diversity Equity and Inclusion
Workforce Development