Back to Business Grants 2021 Program Now Available for Small Business : Current School News

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Back to Business Grants 2021 Program Now Available for Small Business

Filed in Articles by on September 24, 2021

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– Back to Business Grants  2021 – 

Are you searching for how to apply for the Back to Business grants 2021? The Back to Business (B2B) grants program aims to help small businesses recover from the COVID-19 pandemic. Check requirements and how to apply.

Back to Business Grant Program 2021

Back to Business Grants Review

The $250 million Back to Business (B2B) grants program is designed to help small businesses recover from the COVID-19 outbreak.

The Back to Business (B2B) grant program builds on the success of the Business Interruption Grant (BIG) program from last year.

Small businesses, on the other hand, can get help with the B2B application process and other upcoming or continuing state or federal economic recovery grant programs.

The Department of Commerce & Economic Opportunity (DCEO) has invested $9 million in support of Community Navigator organizations working in every region of the state. 

These organizations will offer technical help to enterprises, with a focus on minority, rural, veteran, and women-owned firms.

Funding is Now Available

$250 million to small businesses across the state that experienced losses in 2020 due to COVID-19, including the following set-asides.

$100 million – Businesses located in Disproportionately Impacted Areas (DIAs).

$30 million – Arts and entertainment businesses that didn’t receive Shuttered Venue Operators grants.

$25 million – Restaurants and taverns that didn’t receive the Restaurant Revitalization Fund.

$25 million – Hotels.

$25 million – Businesses that didn’t receive a BIG grant due to exhaustion of funds.

Grants will range from $5,000 to $150,000 per business and can be used to cover a wide range of operations/staff/overhead costs.

  • Up to $250,000 for hotels

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 Eligibility Requirements

Businesses with revenues of $20 million or less in 2019 and a reduction in revenue in 2020 due to COVID-19

  • $35 million or less for hotels

Priority will be given to the following categories:

Hard-hit industries (see eligibility guidelines for a full list of priority industries and their definitions)

Hard-hit areas – DIAs comprising of 176 zip codes

Businesses who have yet to qualify for state funding or federal assistance (including the Paycheck Protection  Program (PPP), Restaurant Revitalization Fund (RRF), business Interruption Grant (BIG), Shuttered Venue Operators Grant (SVOG), and more)

Businesses that had less than $5 million in revenue in 2019

Eligibility guidelines are also available in Spanish, Polish, Chinese, Hindi, and Arabic

Upon receiving an award, all grantees will need to sign the program Certification Agreement

Click here to learn more about the eligibility requirement

 How to Apply for Back to Business Grants

Follow the steps below to apply for the Back to Business grant

Applications can be tracked in real-time

Check out the videos on how to fill out the application in English and Spanish

Allies for Community Business (A4CB), DCEO’s grant administrator, is now accepting applications (create an account first and then select your language of choice)

Learn about the information and documentation required

  • Documentation required also available in Spanish, Polish, Chinese, Hindi, and Arabic

• Documentation needed:

  • Business owner ID (ITIN business owners eligible)
  • Business’s 2019 AND 2020 Federal tax returns
  • Two (2) business bank statements – one from the period April through December 2020, and the most recent statement

FAQS about Back to Business Grants

Click here to download B2B FAQ

Other Small Business Grants

Back to Business Grant Program 2021 Available for Small Businesses

Here we have lists of small business grants, go through them and apply as soon as possible

1) Shuttered Venue Operators Grant

As part of the Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues Act, the SBA created the COVID-19 grant.

Also, Operators of Shuttered Venues Individuals affected by the pandemic, such as movie theatre proprietors, talent agents, and others, are eligible for grants.

Therefore, applicants who meet the criteria can get a grant worth up to 45 per cent of their gross earnings. The award amount is capped at $10 million.

As of August 2021, applications for Shuttered Venue Operators Grants are closed.

Also, the SBA intends to open the program for supplemental grants worth 50% of the original award amount, capped at a total of $10 million, but has not yet announced additional details.

Visit the SBA website for updates on this timing.

2) State-Based COVID-19 Relief Grants

In 2020, many local COVID-19 grants and relief funds were established to assist businesses that were suffering as a result of the pandemic.

Some of these initiatives, like the Minnesota DEED Small Business Relief Grant Program and the Denver Economic Development and Opportunity Relief Package, have run out of money and are no longer accepting applications.

This year, though, some states and towns have continued to provide assistance. California legislation passed in February 2021, for example, will provide up to $25,000 in small company incentives.

New York State’s COVID-19 Pandemic Small Business Recovery Grant Program is also awarding grants of up to $50,000.

To remain on top of free money chances, keep an eye on your state’s department of commerce website or grants portal, as well as groups like your local chamber of commerce.

Visit webpage

3) Small Business Innovation Research Program

The SBIR program is designed for small businesses engaged in research and development that have commercial potential.

However, the SBIR aims to stimulate technological innovation and scientific entrepreneurship.

Hence, Eleven government agencies participate in the program, and each creates their own eligibility guidelines, research and development topics, and reviews applications.

Grants generally start between $25,000 and $250,000, but if your business shows promise, then you can receive additional small business grants of more than $1 million.

Visit homepage

4) Small Business Technology Transfer Program

The STTR has similar goals as the SBIR program but requires their small business applicants to collaborate with a research institution.

Five federal agencies currently participate in this program, setting aside a bit of their budget to work with small businesses.

As with the SBIR grants, these federal business grants start at $25,000 and then go up to more than $1 million.

Let’s take a closer look at the five main federal agencies that participate in the SBIR and STTR programs and their more specific grants.

Visit homepage

5) National Institute of Food and Agriculture

This branch of the Department of Agriculture supports research and development in the agricultural field specifically.

Topics for grant funding for small businesses include forestry, food science and nutrition, aquacultural, biofuel products, animal protection, and more.

Visit homepage

6) Colorado Export Development Grant

Colorado regularly ranks as one of the best states for startups and entrepreneurship, and the state government is helping to make sure that innovation continues in this state.

Colorado offers government grants for many types of small and medium-sized businesses, especially businesses that are interested in international development or that are involved in advanced industries like robotics.

Visit homepage

7) Iowa Business Development Grant Recycling

Iowa provides a wide range of business development grants. The state’s focus is on businesses that create manufacturing jobs and enhance Iowa’s other industries.

There are also grants for retail businesses that are rehabilitating downtown buildings. You can see the latest opportunities on Iowa’s grants portal.

Visit homepage

8) Kansas Job Creation Fund

The Kansas Job Creation Fund gives grants to businesses looking for help establishing themselves in Kansas.

The fund typically disburses the grant money to recipients over five years as their company reaches certain investment and employment benchmarks.

Visit homepage

9) Louisiana Community Development Block Grant

The Office of Community Development aims to improve the living environments and economic opportunities for Louisiana’s low-income residents.

Although small businesses can’t apply directly, you can contact the state or local government branches that are most relevant to your business’s function and see if you can receive funding to do community work.

There are also disaster recovery grants that are issued to businesses affected by hurricanes.

Visit homepage

10) Maryland Child Care Quality Incentive Grant Program

The Maryland Division of Early Childhood Development plans to reopen its CCQIG program for local child care facilities in the 2022 fiscal year.

This small business grant is awarded quarterly.

Visit homepage

11) Cleveland Department of Economic Development

Many communities, including Cleveland, which we’ll use as an example in this section, have small company grants and efforts to encourage entrepreneurship.

Visit homepage

12) Job Creation Tax Abatements

Your small business might be in an Enterprise Zone (as Ohio terms it), or a similar type of area, and accordingly be offered tax incentives for projects or operations that create jobs.

These aren’t technically small business grants, but they put additional money in your business’s pocket that you can use to grow.

Visit homepage

13) Tech Delta Grant Program

Small businesses in the tech space that create five or more jobs in the city of Cleveland can apply for this grant that awards funding on a square-foot basis—$5 per square foot, up to $50,000 to expand operations or lower rent costs.

Visit homepage

14) Ben Franklin Technology Partners

Ben Franklin Technology Partners has been investing in startups in central and northern Pennsylvania for more than 30 years.

Tech startups can potentially receive up to four-yearly infusions of cash totalling around $500,000. Small manufacturers may be eligible for a one-time investment of up to $250,000.

Visit website

15) Chicago Small Business Improvement Fund

The SBIF supports small businesses repairing or remodelling their location, whether by updating windows and floors, replacing signage, or purchasing nearby property to expand into.

Note that you’d receive this matching grant after completing and paying for your remodelling, so be cautious—plenty of other businesses are likely competing for small business grants like these.

Visit homepage

16) Miami Mom and Pop Small Business Grant

If you’re in Miami and have been in business for at least a year, make sure to apply to this program meant to “bridge the gap between local government and small owned and operated businesses.”

Visit homepage

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