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Startups Grants In Georgia - 2024

Explore the latest List Of Startups Grants In Georgia to fuel your innovative venture. Find essential financial support within the state.

Lisa Shmulyan
Accounting & Tax
February 15, 2024

Georgia is full of startup funding opportunities for entrepreneurs and innovators. There are over 150 small business grants available across different cities like Atlanta and Savannah. These grants support a wide range of projects in sectors such as sustainable agriculture, medtech, environmental initiatives, and tech nonprofits1. They aim to help various groups including veteran and minority-owned small businesses.

Some key grants include the Southern Sustainable Agriculture Research and Education grants, offering up to $25,0002. The Cobb County Entrepreneurship Grants help with business expenses by providing up to $10,0002. For grocery store owners looking to improve their stores, the Invest Atlanta Commercial Property Improvement Grant can give up to $50,0001. There are also grants like the Athens Downtown Development Authority ones, which offer $5,000 to $10,000 with a 50% matching fund requirement from business owners2.

The Go Global Georgia Grant Program aids businesses in entering international markets by covering up to 75% of export-related expenses1. This creates a strong support system for state-wide innovation and business growth.

Key Takeaways

  • Georgia offers over 150 small business grants for financial support1.
  • Support is available for various fields including sustainable agriculture and tech nonprofits.
  • Invest Atlanta provides grants up to $50,000 for commercial property improvement1.
  • The Go Global Georgia Grant Program offers up to 75% reimbursement for export expenses1.
  • Cobb County Entrepreneurship Grants provide up to $10,000 to aid startups2.

Introduction to Startup Grants in Georgia

Entrepreneurs in Georgia have funding options that don't need to be paid back, unlike loans. These include grants for specific cities and statewide opportunities. In the past five years, the Small Business Development Center (SBDC) has helped launch 2,178 new businesses. These businesses created 14,933 jobs, got $1.1 billion in capital, and made $9.5 billion in sales3.

Also, the Access to Capital for Entrepreneurs (ACE) has given over $200 million in loans and aid. This has helped save or create more than 21,000 jobs. ACE focuses on helping women, people of color, and those with low to moderate incomes3.

In 2023, Georgia's exports reached over $49.7 billion. Small businesses made up almost 90% of the exporters in the state3. Organizations in different sectors can find support, including awards for agriculture, tech innovation, exporting, and diversity. For example, the CREATE-X Startup Launch program gives $20,000 in seed money to selected teams4. The SBIR Program offers $70,000 to $150,000 in grants or contracts, with possible extra funding up to $1 million4.

Resources like Georgia GrantWatch and grants.gov offer a wide range of listings and help with applying. Moreover, startup assistance programs in Georgia and resources for entrepreneurs are key for small businesses to succeed in their fields.

Early Stage Innovation Fund

The Early Stage Innovation Fund, supported by the U.S. Small Business Administration, is a key resource for new businesses. It plays a vital role in encouraging early-stage funding from the SBA. Plus, it supports innovation for startups in Georgia.

Overview

This fund helps startups grow fast and boosts the economy. It offers venture capital opportunities in Georgia to help businesses expand and innovate. The CREATE-X Startup Launch is one program it supports. It gives startups $20,000 in seed money and $50,000 in legal help. Add to that coaching from faculty and mentor access4.

Another initiative is the GRA Venture Fund, with 64 private investors. This ensures every state dollar gets at least 3:1 in direct investments5. These resources are crucial for startups wanting to grow.

Eligibility Criteria

Startups need a strong business plan and innovative ideas to qualify for this fund. The GRA’s programs have helped 87% of their startups stay in business for over four years. This shows the importance of solid selection criteria for long-term success5.

Applicants should aim at areas that have a big economic impact. The I-Corps South offers $25,000 grants for entrepreneurship education4. Entrepreneurs must match these funds to show their commitment. They must also meet grant conditions from agencies like GRA, which provides Phase 1 grants up to $50,000 and Phase II grants up to $100,0005.

Georgia-Pacific Foundation Grants

The Georgia-Pacific Foundation is known for its dedication to helping communities. It offers various grants that help improve community development in Georgia. These grants focus on important areas like education, business skills, and making communities better. This support creates a big difference in the lives of the people living in these areas.

Grant Programs

Georgia-Pacific's grants focus on four main areas: education, the environment, making communities better, and teaching entrepreneurship. The education grants help with stuff like scholarships, training for jobs, reading skills for students from kindergarten to 12th grade, and helping teachers get better at teaching6.

They also support projects that look after our environment. This includes saving resources, maintaining clean air and water, recycling, and teaching about the environment6. Grants for community betterment help with affordable homes, keeping people safe, arts and culture, and activities for young people6. The entrepreneurship grants focus on teaching young people and women who own businesses about the economy, the value of free enterprise, and business skills. This shows Georgia-Pacific's support for including everyone and valuing diversity6.

Application Process

Organizations that want a grant from Georgia-Pacific must be in the U.S. and not have to pay taxes under section 501(c)(3) of the tax code7. They also need to be close to where Georgia-Pacific works, within 30 miles, to make sure the help they get makes a difference locally6. The foundation checks out proposals all year but likes them to be sent in by October 31st for a better chance6. When applying, organizations must show a good plan for how they'll make things better in education, community betterment, or looking after the environment7.

The amount of money given for grants depends on what the project is about and how well it matches what the foundation wants to achieve. For new businesses in Georgia, the normal grant over the last five years has been $10,000. The process is tough, with only 10% of those applying getting the money8. The technology and farming sectors get a lot of this support, with 40% and 20% of all the grant money, respectively8. Getting a grant also means getting to know other people in Georgia-Pacific's business world. This includes help like webinars and workshops. Because of this help, 60% of new businesses do much better revenue-wise in their first year of getting the grant8.

Georgia-Pacific works hard to help communities in Georgia grow and improve through its support. This help is making a lasting difference in areas that really need it.

State Small Business Credit Initiative (SSBCI)

The State Small Business Credit Initiative (SSBCI) is key to boosting small business growth in Georgia. It's run by the U.S. Department of Treasury. Through various credit programs, it provides vital support to startups and small businesses, helping boost the economy designed to bolster economic development9.

Programs Included

Georgia offers several programs under SSBCI to help small businesses get the capital they need. Among them, the Georgia Venture Capital Program and the Georgia Equity Direct Program aim to finance promising startups. The Georgia Loan Participation Program and the Georgia Small Business Credit Guaranty make lending easier for banks9.

Funding Amounts

Georgia has received almost $200 million in SSBCI funding for small business lending programs. This funding supports various initiatives, such as the Loan Participation and the CDFI Programs. It also backs the Venture Capital and Equity Direct Programs. These efforts help small businesses to compete effectively10. With about 1.2 million small business owners across the state, the outcome of this funding is huge. It's vital for Georgia's credit support to startups, making sure they have what they need to succeed10.

Commercial Property Improvement Grant

The Commercial Property Improvement Grant is a key program by Invest Atlanta. It helps small businesses in Atlanta grow. With it, business owners can get up to $50,000 for upgrades. This is especially for grocery stores in certain areas. property grant funding Atlanta, aims to make grocery stores better and more appealing11.

To apply, your business should be smaller than 15,000 square feet. You should also have at least a year left on your lease. If your business is in a needy area, that's a plus11. You must apply online by August 26th. Money can be given back to you or paid straight to the people working on your project11. This method makes sure the money is spent well, helping the area's economy grow11.

If you're looking to make your business place better, this grant is for you. The team at Invest Atlanta will help you with your application. This effort does not just give money. It also improves Atlanta's business scene11. You can use the money for outside work like painting, fixing up the building, putting in plants, adding lights, new windows, signs, and more. These changes make your shop look and work better in Georgia11.

This grant program is here to help businesses do more than just get by. They can stand out in a tough market. For more info, check out the Invest Atlanta website11.

Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR)

The SBIR and STTR programs in Georgia are key to helping startups and small businesses grow through tech innovations. They offer essential funding without taking equity, helping to bring new ideas to the market.

Program Details

The Small Business Administration oversees the SBIR and STTR programs, which give phased funding for R&D projects. In Georgia, partnerships with the Georgia Research Alliance (GRA) add extra support. For example, Phase I grants from SBIR and STTR give around $150,00012. This funding helps startups test their ideas before seeking more investment.

Next, with GRA’s Phase II funding of up to $100,000, startups can grow further. This phase often needs extra money from angel investors or venture capitalists12. SBIR/STTR Phase II grants can go up to $1 million or more, pushing startups closer to market launch or acquisition12.

Application Guidelines

Applying for these grants requires following certain steps. In Georgia, the Department of Economic Development runs the SBIR and STTR programs. They help small businesses turn their research into products that can be sold13. Applicants must submit detailed plans showing their project's potential.

The competition for funds is tough. Those who win not only get money but also access to valuable networks. For tech startups in Georgia, these technology grants are a golden opportunity to grow and succeed.

Go Global Georgia Grant Program

The Go Global Georgia Grant Program is part of the State Trade Expansion Program (STEP). It helps Georgia businesses grow internationally. This program provides financial support, covering up to 75% of costs for export activities. It's a key tool for firms looking to expand globally.

Reimbursement Opportunities

Small businesses make up nearly 90% of Georgia's exporting firms14. The program offers up to 50% back on expenses like training, website updates, and trade shows14. Companies can get back as much as $6,000 for two activities14. This support is vital for new and seasoned exporters aiming for international success14.

Eligibility Criteria

For Go Global Georgia grant eligibility, a business must be in Georgia and have at least 51% U.S. content14. It targets small businesses, which often see financing as a major goal15. These grants offer a financial boost without the need for loans15. This makes it easier for firms to reach global markets.

City of Clarkston Small Business Facade Matching Grant Program

The City of Clarkston Small Business Facade Matching Grant Program is a great chance for small business owners. It lets them make their shops look better from the outside. By helping pay for some of the costs, this program is good for both the businesses and the local economy.

Program Benefits

One main perk is the money it gives to help fix up shop fronts. Up to $20,000 in matching funds can be received. This help makes it easier for owners to brighten up their stores, which makes the whole area more lively and inviting.

Application Process

Applying for these grants involves careful planning. You need to have a clear plan and know how much it will cost. Choosing the right people to do the work and following local rules are key. Also, keeping an eye on your business credit report matters since errors can mess up your grant chances16.

Grants for Women and Minority Business Owners in Georgia

Special grants like the Amber Grants and Comcast Rise focus on women and minority entrepreneurs. They provide money, coaching, marketing, and tech help. This boosts those often left behind in business.

Amber Grants For Women

The Amber Grants for Women help female entrepreneurs financially. Three women win $10,000 each month to grow their businesses17. Plus, there's a chance to win an extra $25,000 at the end of the year. This means a total of $35,000 for some17.

In 2021, Stephanie Dean from Georgia received $35,000 through this program17. WomensNet has supported women's businesses since 1998 across the US and Canada17. The application is simple, asking only two questions17. They also offer a free list of the top 16 grants for women after you give them your email17.

Comcast Rise Grant

The Comcast Rise Grant boosts diverse business funding in Georgia. It gives marketing help, media spots, ad creation, and tech upgrades to female and minority-owned small businesses. This support helps them succeed in a tough market. The MBDA also offers financial aid to minority entrepreneurs through Business Centers18.

MBDA-backed programs offer business education, coworking spaces, and certification programs. These resources help minority entrepreneurs grow their skills18.

Resources to Find and Apply for Grants

Entrepreneurs in Georgia have many chances to find and apply for grants. Georgia GrantWatch and Grants.gov are two main resources. They give the latest info on grants, helping small business owners with the grant application process.

Georgia GrantWatch

Georgia GrantWatch is a valuable tool for local entrepreneurs looking for grant help in GA. It updates its listings of federal, state, and local grants regularly. This makes it easy for small businesses to find funding options that fit their needs. Georgia GrantWatch offers detailed info and eligibility criteria, helping local startups pursue funding confidently.

Grants.gov

Grants.gov, managed by the Department of Health and Human Services, is another key resource. It offers access to a wide range of competitive federal grants in various sectors. With over $400 billion in federal grants listed, it’s crucial for those looking for federal grants for startups in Georgia19. The site's easy-to-use interface helps applicants through the process, increasing their success chances

For more info on these and other grant programs in Georgia, including funding for things like broadband infrastructure and COVID-19 healthcare response, check out this detailed guide20.

FAQ

What are some startup funding opportunities available in Georgia?

Georgia has many grants for startups, like the Southern Sustainable Agriculture Research and Education grants. These also include Cobb County Entrepreneurship Grants and Athens Downtown Development Authority grants. Plus, there's the Invest Atlanta Commercial Property Improvement Grant, supporting various sectors, from farming and tech to environmental efforts.

How can I find Georgia small business funding?

For finding grants, entrepreneurs should check out Georgia GrantWatch and Grants.gov. These sites keep you updated on available grants. They also offer advice on how to fill out your grant application.

What is the Early Stage Innovation Fund?

The U.S. Small Business Administration runs the Early Stage Innovation Fund. It's here to help small businesses grow and support the economy. The program offers funding to promising startups for better operations.

What grants are available under the Georgia-Pacific Foundation?

The Georgia-Pacific Foundation Grants support local groups and businesses. They focus on community development and boosting local economies near Georgia-Pacific sites. The aim is to enhance life in surrounding areas.

What does the State Small Business Credit Initiative (SSBCI) include?

The SSBCI offers programs like the Georgia Loan Participation Program. There's also the Georgia Small Business Credit Guaranty. These initiatives, backed by the U.S. Department of Treasury, help Georgia's small businesses and manufacturers through federally-supported loans.

What is the Invest Atlanta Commercial Property Improvement Grant?

This grant helps Atlanta's property owners improve their commercial spaces. It offers up to $50,000, aiming to revitalize commercial areas. The goal is to lift the business infrastructure.

What are the SBIR and STTR programs?

The SBIR and STTR are federal grants from the Small Business Administration. They support startups in research and technology, focusing on ideas that can be turned into products. These grants help get high-potential business ideas to market.

What assistance does the Go Global Georgia Grant Program provide?

The Go Global Georgia Grant Program supports businesses going global. It reimburses up to 75% for export activities. This financial help encourages Georgia businesses to explore international markets.

How does the City of Clarkston Small Business Facade Matching Grant Program benefit businesses?

This grant helps Clarkston's businesses update their building fronts. Providing up to $20,000, the aim is to improve business looks. It wants to make the local shops more appealing and vibrant.

What grants are available for women and minority business owners in Georgia?

Grants like the Amber Grants for Women and Comcast Rise focus on women and minorities. They give money and also offer coaching and technical help. The goal is to support these entrepreneurs in growing their businesses.

Where can I find resources to apply for grants in Georgia?

For grants, entrepreneurs should start with Georgia GrantWatch and Grants.gov. These websites list grants and help with the application process. They make it easier for business owners to find and apply for grants.

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