Deadline: 30-Nov-21
The Founders First CDC is inviting applications for its Job Creators Quest Grants Program to support revenue generating businesses with 2-20 employees led by diverse founders.
They encourage premium wage job growth and award businesses that have been able to retain and grow despite the pandemic. The Job Creators Quest grant is an initiative to launch Founders First Community Development Corporation’s (FFCDC) expansion into new regions by supporting small businesses from diverse backgrounds to scale and impact the ecosystem. The grants are paired with access to one of their stellar business accelerator programs. They encourage businesses that are looking to grow and scale their businesses in size, scope and knowledge to apply.
Funding Information
For the Philadelphia/New Jersey grant, they will select 20 companies and award them with a grant that will be as large as $10K to as small as $1000. The total of all twenty grants is $60,000. Ten grant recipients for a total of $30K awarded as follows:
- (2) $10K
- (2) $4K
- (4) $2500
- (12) $1000
Eligibility Criteria
- Must be located in the Los Angeles, Orange County, Riverside, San Bernardino, Imperial, and San Diego regions and have a current staff of 2-20 employees. Will have the ability to add 1-2+ net new premium wage jobs in the next 12 months. Must be a for-profit company with annual revenues between $100K and $3 million.
- Must be located in the designated region (region specific)
- Must have a current staff of 2-20 employees
- Will have the ability to add 1-2+ net new premium wage jobs in the next 12 months
- Must be a Service Based Business, light manufacturing, B2B or have a service component
- Founder must be Black, Indigenous, Persons of Color ( BIPOC) , LGBTQIA+, Veteran, Women, located in an LMI area
- Have an Annual Revenue of at least $100K and not to exceed $3 million
- Provide a narrative and a 90 second video about the business
- Provide a narrative on how the business was impacted by COVID and what they are doing to sustain their business
- Agree to provide information on intended use of funds if awarded
- Agree to provide financial documentation to verify revenues
- Agree to provide a current and future organizational chart to verify employee base
- Agree to provide documentation that will show how they plan to add 1-2+ net new jobs to your organizations in the next 12 months
- Agree to participate in one of FFCDC’s accelerator programs as part of the grant award.
Criteria
They will evaluate the applications submitted based on the strength of their ability to create 1- 2 new jobs within the next 12 months, complete and clear submission of information with documentation on their business and how the companies are going to leverage the grant funds to create new jobs.
For more information, visit https://foundersfirstcdc.org/socal/