Small Business & Entrepreneurship
IMAGINE Your Business
Grant Opportunity
Resources
“IMAGINE Your Business” Grant: Provides entrepreneurs with early-stage business ideas and gross revenue less than $200,000, up to $2,000 towards a need you have identified. There will be two submission time frames for this grant in 2025. The first round will open in Spring 2025. More information will be posted as the application window opens.
Learn more about this grant opportunity in English or in Spanish!
Focus Area:
Small Business & Entrepreneurship
Focus
Goal: Support small businesses and encourage the entrepreneurship to enable the creation of high-growth ventures, main street amenities, and wealth-building for residents
- Increase government and school district spending with local businesses
- Support small business and entrepreneurial ecosystem resource mapping and strategic plan efforts that are underway
- Improve access to financial resources and market access for businesses
- Support small businesses working to scale their operations
What We Look To Achieve
Connecting Resources
Together
Small businesses are the backbone of not just our local economy, but the United States as a whole. When you support a small business or use a local entrepreneur’s services, $0.68 per dollar stays local, more than half of what stays local when shopping at a large chain. Access to capital has consistently been a hurdle by our small business community. So we are providing funding to a number of local organizations who directly support our small businesses and entrepreneurs.
The O’Pake Institute’s Financial Lending & Innovative Collaborative (FLIC) program provides small grants to early stage businesses.
Barrio Alegria’s microlending program uses Lending Circles to work with small businesses and entrepreneurs by addressing credit repair through low-interest loans.
Penn State Berks LaunchBox offers microgrants to small businesses and entrepreneurs. Their Makerspace located in the GoggleWorks Center for the Arts provides prototyping and design and encouragement – Don’t Quit Your Daydream!
Small Business Support:
Microlending
Capital
Barrio Alegria managed 20 loans in 2024, totaling $50,500. Their connection to community has led to a natural partnership for connecting businesses to resources. Of the 20 loans, 15 are personal loans and 5 are business loans. These loans help address the issue of credit in a community which has been traditionally unbanked or underbanked.
Throughout the history of their loan program they have a nearly 98% payback rate, a high number for any loan program, let alone with businesses who may have never received a loan before.
Types of businesses supported to date:
- Multiservice
- Cleaning Companies
- Restaurants/Bakeries
- HVAC
- Haircare
- Laundromats
