%20(1).png)
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!
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.