Delaware may have fewer state-specific grants aimed solely at hiring, but it offers several valuable resources to help small businesses grow and develop their workforce. Programs like the Delaware Strategic Fund and support through the Delaware Small Business Development Center provide essential funding and guidance, particularly for businesses looking to expand and contribute to the local economy.
Delaware Strategic Fund
- Purpose: Provides financial support to businesses expanding in Delaware, with an emphasis on job creation and economic growth.
- Eligibility: Open to businesses planning significant expansion projects that will create new jobs and enhance economic development in Delaware.
- Benefit: Grants and low-interest loans for qualifying projects, with amounts based on job creation, investment level, and economic impact.
- Application process: Applications are reviewed by the Delaware Division of Small Business.
- More info: For more information, visit the Delaware Division of Small Business website.
Other grants for a small business in Delaware
While Delaware grants for small businesses are limited in number, programs like the Delaware Strategic Fund provide essential support for companies that are focused on growth and job creation. By offering grants and loans, Delaware helps small businesses contribute to the state’s economic vitality.
Other relevant small business grant programs in Delaware
- Delaware Capital Access Program (DCAP): Assists small businesses in obtaining loans by providing a loan loss reserve to encourage banks to lend to small businesses.
- Workforce Innovation and Opportunity Act (WIOA): Provides federal funding for workforce training, available to Delaware businesses looking to train new or existing employees through local workforce boards.
Helpful resources on grants for small businesses in Delaware
Delaware Small Business Development Center (DSBDC)
Offers free business consulting and low-cost training services.Delaware Division of Small Business
Provides various programs and services for businesses.Delaware Department of Finance
Information on tax credits and incentives for businesses.U.S. Small Business Administration - Delaware District Office
Federal resources and programs available in Delaware.Delaware Manufacturing Extension Partnership (DEMEP)
Provides support and resources for manufacturers.Delaware Prosperity Partnership
Promotes economic development in Delaware.Delaware State Chamber of Commerce
Offers resources and advocacy for businesses.First State Community Loan Fund
Provides access to capital for small businesses.
To get the most current and accurate information about grants, tax credits, and training programs specifically for small businesses in Delaware, it's recommended to contact these organizations directly or visit their websites. They can provide up-to-date details on available programs, eligibility requirements, and application processes.
Delaware Small Business Grants FAQ
Who qualifies for these Delaware grants?
Eligibility varies but generally includes Delaware-based small businesses with specific growth goals. Some programs prioritize underrepresented or emerging industries.
How do I apply?
Visit the websites listed above for application forms, deadlines, and guidance.
What is the typical grant amount?
Grants range from $5,000 to $100,000, depending on the program and business needs.
List of small business grants
