Atlantic City Launches Small Business Grant Program to Support Local Entrepreneurs
Posted January 15, 2025The City of Atlantic City is proud to announce the launch of its Small Business Grant Program, funded by $133,000 from the Community Development Block Grant CARES (CDBG-CV3) Program. This initiative aims to provide critical working capital to small businesses impacted by the COVID-19 pandemic.
Program Highlights:
- Grant Amount: Up to $10,000 per eligible business.
- Eligibility: Small businesses in Atlantic City, including retail, restaurants, entertainment, and nonprofessional services with no more than 10 employees as of December 31, 2019.
- Use of Funds: Working capital expenses such as payroll, rent/mortgage, utilities, and advertising.
Applicants must meet the CDBG National Objective of benefiting low- and moderate-income individuals. Businesses must retain or rehire at least one permanent job to qualify. Applications are accepted until April 1, 2025. Applications can be returned via email to Triad Associates, the City of Atlantic City Community Development Consultant, at edaou@triadincorporated.com.