COME BE THE CHANGE!
832 North Carolina Highway 58, Castalia, North Carolina 27816
Entrepreneurial Business grant program - spring 2023
What's this all about?
What is required to be considered for a grant?
What's this all about?
Are you thinking about starting a new business? Or have you been in business less than two years and want to expand? Running your own business is exciting and sometimes overwhelming and costly.
In an effort to promote business growth in Northeast Franklin County, NC, as well as Franklin County, NC in general, The Northeast Franklin Revitalization (NEFR) Group is offering a grant program to encourage new businesses and help expand existing small businesses under two years old and with a workforce of three or less.
Those receiving prior grants through this program are NOT ELIGIBLE TO APPLY. APPLICATION DEADLINE HAS BEEN EXTENDED TO MIDNIGHT, FEBRUARY 12, 2023.
Click below to apply online, or download the application and email or mail per instructions on the application.
What will be offered?
What is required to be considered for a grant?
What's this all about?
Opportunity will be offered to a maximum of 12 people who want to start a business or expand an existing business in 2023-2024. Persons interested must submit an application, be chosen by a Selection Committee appointed by the NEFR Group, and attend a mandatory four-week business class offered through Vance-Granville Community College/Franklin County campus, Louisburg NC. Classes will be held March 7 – March 30, two sessions per week on Tuesday and Thursday from 6-9pm, with presentations and awards ceremony on April 4.
The class program will help participants develop a business plan, which is a roadmap for your business; gain insight for financing and banking options; understand legal references; and overcome the fear of bookkeeping and taxes. All this plus other details that are required to make a new or newly formed business a success.
What is required to be considered for a grant?
What is required to be considered for a grant?
What is required to be considered for a grant?
Completion of a four-week class program is required. The class is FREE to the applicant with the cost sponsored by the Northeast Franklin Revitalization Group and Vance Granville Community College. Each participant is required to bring a laptop or electronic tablet for Internet access.
This program will introduce aspiring entrepreneurs and existing business owners to the concepts and practices that will give them the tools necessary for business success.
At the end of the program, each participant will have completed a basic small business plan, and will have the opportunity to present that plan and business model to the Selection Committee for the grant award process.
Explain the Grant Opportunity
Who do I contact if I still have questions?
What is required to be considered for a grant?
Once applicants have attended all classes of the mandatory four-week program, the Selection Committee will choose the best business plan and business model, as well as a runner up. The best plan and model will receive a $5,000 Business Grant and the runner up will receive $3,500.
The remaining 10 students will be awarded a $1,000 grant, provided they submit an acceptable business plan to begin or expand their business.
Highest priority will be given to those who plan to operate their business in Northeast Franklin County, NC followed by those operating within Franklin County, NC in general.
**There is no guarantee that a grant will be awarded**
THE DECISION OF THE SELECTION COMMITTEE IS FINAL.
Requirements of the Grant
Who do I contact if I still have questions?
Who do I contact if I still have questions?
In order to take advantage of the grant program, the business must open within 12 months of the grant award. Grant recipients must be expanding or opening their business in Franklin County, NC.
To be eligible, attendance is mandatory for all classes, including the business plan presentation.
Each grant recipient agrees to meet with the NEFR Board of Directors at six months and one year from the start-up date to share information about the business start-up status, progress, etc.
If the business closes less than six months after opening, the grant recipient may be required to repay the entire grant amount received.
Who do I contact if I still have questions?
Who do I contact if I still have questions?
Who do I contact if I still have questions?
If you have further questions, you may contact:
Dr. Jim Foster, Facilitator
Northeast Franklin Revitalization
919-776-7153
Rex Foster, Executive Director
Northeast Franklin Revitalization
919-210-2044
Click Below to download printer friendly business grant info
Entrepreneurial Business Grant Informational Cover Sheets (pdf)
DownloadAPPLICATIONS ARE NO LONGER BEING ACCEPTED FOR THIS GRANT PROGRAM
EMAIL: NEFranklinRevitalization@gmail.com
Copyright © 2019 Northeast Franklin Revitalization - All Rights Reserved.