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On The Edge!

Life's not as bad on the "edge" as it seems! It's that time of the year again where small businesses have the opportunity to grow in the state of Delaware!

Delaware, known for its strategic location and business-friendly environment, has taken a significant step towards fostering innovation and economic growth with the Delaware EDGE (Encouraging Development, Growth, and Expansion) Grant.

Understanding the Delaware EDGE Grant

The Division of Small Business awards EDGE Grants through a competitive selection process. Five STEM-based companies can each receive up to $100,000 for eligible expenses. Five Entrepreneur Class (non-STEM) businesses can each get up to $50,000. The funds are provided as a $3 (state) to $1 (business) match and the Division can provide up to 10 grants per application round (spring/fall).

Key Benefits

Help along the way!

  1. Connect with a Regional Manager here

  2. Join FREE online information sessions here Upcoming: (01/22/24)

  3. SizeUp Assistance here (SizeUp Delaware is a free marketing and business analytics tool to help propel your small business to the next level.)

Eligibility Criteria

Qualified applications must:

  • Have been in operation less than 7 years

  • Employ 10 people or fewer

  • Be majority located in Delaware

Award Criteria

Applications will be judged by a panel of experts on:

  • Business need case

  • Competitive advantage gained

  • Business viability and likelihood of permanence

  • MWVBE status of business owner

  • Business location (DDD and/or Opportunity Zone)

  • Job creation/revenue growth

Eligible Expenses

Grant funding must be used to expand a business’s viability and sustainability, specifically:

  • Market analysis assistance

  • Advertising assistance

  • Building infrastructure/cosmetic enhancements

  • Essential equipment

  • Web site design

  • Rent assistance for lab space

How to Apply

The application process for the Delaware EDGE Grant is designed to be accessible and streamlined. Interested businesses should take advantage of the resources found here

Embrace the opportunities it presents, and position your business at the forefront of Delaware's vibrant and expanding economy.

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