Thank you for your interest in the Rowan Chamber’s Small Business Assistance Grant pilot program in conjunction with the City of Salisbury.
The grant application period will open on Thurs., April 25, 2024, at the Rowan Chamber’s Minority Business Trade Show.
Applications must be submitted no later than 12 Noon ET on Friday, May 31, 2024. No extensions will be made.
The purpose of the Rowan Chamber’s Small Business Assistance Grant pilot program is to strengthen and grow established businesses within the City of Salisbury. By making these grants available, the Chamber is fulfilling its mission of driving economic stability, diversity, and growth in our community. Accessibility to funding contributes to the strength and effectiveness of the entrepreneurial ecosystem which in turn supports and nurtures small businesses. The Chamber recognizes the value of entrepreneurism/small businesses who bring innovation, quality of life, jobs, and investment to the community.
Businesses who receive funding through this program will be those who bring innovation and therefore have a unique competitive edge. They must be good corporate citizens and are encouraged to support their employees and other locally owned businesses. Applicants are not required to be Rowan Chamber investors (members) in order to participate. Since the funding is coming from the City of Salisbury, applicants must operate their business within the City of Salisbury limits. Since there are already a number of downtown business grants, this small business grant is designed to focus on priority corridors outside of downtown, for example: West End, South Main St. & West Innes St.
Small business grant overview:
- Businesses located in City of Salisbury limits with 10 or fewer employees (or full time equivalent).
- They must be a legal entity and registered with the NC Secretary of State and have appropriate permits to operate.
- They must submit a quality business plan (FREE assistance available from RCCC Small Business Center)
- Grant funds may be used for a fixed asset utilized for the business or permanent improvements to physical space (examples: manufacturing equipment, lawnmower, vacuum cleaner, building signage, lighting, awnings, flooring)
- Grant funds may NOT be used for ongoing operational expenses (examples: rent, utilities, salaries, financing debt, inventory, memberships, legal fees)
- Grant requests may range from $5,000 – $10,000.
The Chamber actively seeks to support and increase the participation of veteran, women, and minority-owned businesses in this program. Location in an economically disadvantaged Census Tract and low-moderate income business owners are encouraged to apply.
For questions about the application, please reach out to Chamber President Elaine Spalding (704) 633-4221 or espalding@rowanchamber.com.