Small businesses are leaders in creating opportunities for economic mobility. To meaningfully address economic development for North Carolina small businesses, the Duke Energy Foundation has developed a $700,000 grant program to help small businesses thrive. Eligible 501(c)(3) nonprofits may apply for a $25,000 - $50,000 grant to establish a microgrant program to support small businesses in their communities.

Similar to the Hometown Revitalization Grants from the past several years, this grant opportunity will allow nonprofit organizations to establish a small-business support microgrant program and deploy the funding within their local community. These microgrants will address economic development for small businesses across targeted communities in NC.

• Grant application is open April 8 - May 17. Decisions will be communicated by end of July.
• Nonprofits are eligible for grants of $25K-$50K
• Microgrants to individual small business may range from $1,000 to $5,000 to be used for renovations, equipment, technology, inventory, etc.

Learn more and apply here.

Source: Caldwell Chamber of Commerce, Duke Energy