Boynton Beach is offering $50,000 in grants to organizations and research groups that help new businesses.
The city’s Department of Economic Development and Strategy has launched an entrepreneurship and business incubation grant program, according to a news release. A total of $50,000 will be distributed to qualified working groups and business incubators located within the corporate limits of Boynton Beach.
According to the city, a working group is defined as a research group or informal think tank.
The available grants are as follows:
- Two $20,000 grants will be awarded; one to an existing business incubator and one to an entrepreneur for the establishment of a new business incubator.
- Three $2,500 grants will be provided; one to a working group on entrepreneurship for women, one to a working group on entrepreneurship for youth, and one to a working group on entrepreneurship for technology.
- In addition, one $2,500 grant will be awarded to a working group on regional networks for entrepreneurship.
All grant recipients will be required to produce a final report on their findings. The city will utilize the reports to develop programs and initiatives to support entrepreneurship, with the end result of increasing the local business climate and building wealth in the community.
The application deadline is May 3. Grants recipients will be announced at the end of May. Applications and guidelines are available at Boynton-Beach.org/Grants.