Grant Details

Growing Small Business Incentive Grant

 
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    CFDA#

     

    Funder Type

    State Government

    IT Classification

    C - Funds little to no technology

    Authority

    City of Chattanooga

    Summary

    This grant is available to small businesses that are located within the Chattanooga city limits. Companies must create a minimum of 5 full time jobs (or a corresponding number of full time equivalent jobs) within the previous 18 months prior to application for the grant. Full time jobs are considered jobs where employees work and are paid for at least 30 hours per week. Eligible companies must not employ more than 100 total employees in across all locations. 

     

    History of Funding

    None is available.

    Additional Information

    Additional information can be found on the website.

    Contacts

    Jermaine Freeman

    Jermaine Freeman

    ,
    (423) 643-7821
     

  • Eligibility Details

    For businesses with under 100 employees in any location for the individual corporate entity

    Business must hire 5 or more new full time equivalent employees in the prior 18 month period

    All newly hired employees must be located inside the limits of the City of Chattanooga

    Eligible employees must be full time employees — 30 hours per week Recipients must be allowable business

    Deadline Details

    Applications can be submitted at any time.

    Award Details

    The award amount is based on a multiplier of $1,000/per job. The multiplier is based on the average hourly wage of the jobs created compared to the average way across all occupations as determined and published by the U.S. Bureau of Labor Statistics. Award amounts vary. Average awards typically between $4,400 and $8,800. Maximum award amount in a given year is $10,000.

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