If you want to start a business in Florida, you can do it without any fuss. However, sometimes starting a business can incur high administrative costs, office space expenses, and additional fees. This is why it is best to opt for funding for your small business startup in Florida. That is why we are going to envisage some of the best Florida small business grants.
1. Florida High Tech Corridor Grant
This is one of the most popular grants for small businesses in Florida, whose startup is a tech company. With this grant, you can pursue a research and development project of your choosing. It is important to note that this grant is available for over 23 Florida counties. The funds that this Florida-based grant awards small businesses range from $10,000 to $150,000.
2. Enterprise Florida Grants
This organization has its prime goal set at helping in the economic development of Florida State, USA. Enterprise Florida grants have a partnership with the state government, which makes them the second-best option for a small business grant in Florida.
If you are a startup in Florida, you can get an offer from the SSBCI also known as State Small Business Credit Initiative to get private capital. With this offer, you can also access Minority Business Development financing opportunities, Venture capital programs, etc.
3. Amber Grant
Amber Grant is yet another interesting grant that is available to small businesses in Florida. They offer a small business grant worth $10,000 to a female entrepreneur. Moreover, there is also have a competition where more than 12 winners have a chance to win $25,000.
To apply for the Amber Grant, you will need to fill out an application and answer some simple questions about your small business in Florida. The application fee for this grant is $15.
4. Prospera Small Business Grants
This is a grant that is based in Florida but targeted Hispanic people since 1991. Prospera is a non-profit company that works with new and growing Hispanic businesses in Florida to make sure that they have the tools and funds to do well. It is important to note Prospera Small Business grants for small businesses in Florida are awarded on an individual basis.
5. USDA Rural Business Development Grant
If you have plans of opening a small business in a rural area of Florida, you might be eligible for a USDA Rural Business Development Grant. It is important to note that these grants are available to small businesses that have a staffment of fewer than 50 people.
With a grant from the USDA Rural business, you can enhance operations and promote projects that will help benefit rural communities in Florida. It is important to note that there is no set price for the grants, but it cannot exceed the annual funding amount that is available for the USDA Rural Business Development program.
5. FedEx Small Business Grant Contest
FedEx Small Business Grant contest is an organization that offers small businesses in Florida grants. Although these grants are not limited to Florida-based businesses, they are available nationwide.
If you win the contest, you will get grant money for your innovative idea or small business startup. This grant offer has helped the Florida community to thrive in the past. It is important to note that there is no set amount for the grant offer from FedEx Small Business Grant Contest. However, since the start of the contest in 2020, 12 businesses have gotten over $250,000 collectively in grant assistance.
7. Federal Minority Business Grants
If you are a small entrepreneur in Florida, this grant offer from Federal Minority Business grants is open to you. Although it is important to note that the grant is available to minority ethnic groups, gender, and persons with bodily disabilities. If you are a minority in Florida, and you own a small business, you can get direct funding from this grant. That is not all that this grant has to offer; they also give free technical assistance, management courses, training, and other business development services.
The USA government sets aside over $1 million per year for funding small businesses for minorities across the country. If you are looking for alternative funding for grants for minority businesses, you can visit Grants.gov.
8. National Association For Self Employed Grant
The NASE are also known as the National Association for the Self Employed offers up to $4,000 for small businesses that are based in Florida. Since the grant program started in 2006, they have awarded over $1 million to Florida startups.
If you own a small Florida business and want to be eligible for a grant, you need to be a NASE agent first. If you are a member of the organization for at least 90 days, you can then indicate your financial needs and they will grant you the money you require to boost your small business.
9. Small Business Research Grants
This is one of the finest Florida small business grants, it is also known as the “America’s Seed Fund.” If your Florida-based business is in the technological sector, you can opt for a research grant. The two best research grants in the USA are the Small Business Innovation Research, and Small Business Technology Transfer. Their main objective is to help small businesses in Florida that want to start research projects in partnership with the United States government.
10. SBA 8(a) Business Development Program
If you are a socially disadvantaged owner of a small business, you can be eligible for this grant. This grant is available to businesses across the USA, meaning if your small business is based in Florida, you are eligible too.
Also worth noting is that to be able to qualify for a small business grant for the SBA 8(a) Business Development Program, you need to be an owner of the business up to 51%.