About The Grant
The Smart Start Business Acceleration Grant Program aims to support new and recently established small businesses and non-profit organizations in Portsmouth. The program offers financial assistance through a matching grant structure to help these entities invest in professional services, equipment, and technology essential for their growth. This initiative focuses on expanding business capabilities and enhancing overall operational effectiveness.
This grant provides funding ranging from $1,000 to $10,000, helping cover a portion of services necessary for business expansion, including marketing, e-commerce enhancements, and professional advisory services. It supports businesses in their initial stages by reimbursing 80% of eligible costs after an up-front investment by the applicant.
Important Details
- Application Deadline: October 31, 2025
- Link to Application: Smart Start Grant Application
- Donor Name: Portsmouth Economic Development
- State(s): Virginia
- Grant Duration: Grant Duration Not Mentioned
- Grant Amount: $1,000 to $10,000
- Qualification Criteria:
- New and recently established for-profit small businesses and non-profit organizations with operations in Portsmouth.
- Business operation duration of 3-7 years verified by a Portsmouth business license.
- Must have 10 or fewer full-time equivalent positions.
- Home-based businesses must provide proof of Portsmouth residency.
- Co-working space tenants must have at least a 12-month lease to qualify.
- Entities of local, state, or federal government and certain organizations are prohibited from applying.
- Must be current with City of Portsmouth taxes and fees.
Taking Action
Latino small business owners are encouraged to apply for the Smart Start Business Acceleration Grant to take advantage of this funding opportunity. This program can help you invest in essential services and equipment that will propel your business forward. Don’t forget to share this opportunity within your network to support fellow entrepreneurs!
“`
Noticias Newswire 
