Small Business Grant Application
Economic Development Grants
The EDF offers grants that assist new or existing businesses with startup costs, permitting costs, or funding for minor improvements for existing businesses. These grants are available only to Gem County businesses and must provide an economic benefit to the community. Grants to selected Grantees will be limited to $2,500, with a maximum outlay per year by the Foundation of $2,500 per applicant. The EDF board may limit grant awards based on donations received and funding availability. Each grant application will be reviewed by the EDF board to determine need, eligibility, and economic impact to the community. This is a reimbursement grant. Receipts must be received no later than December 1st of the year in which the grant is approved to be eligible for reimbursement.
Grantees should make an application to the Gem Community Economic Board of Directors and obtain written approval of the grant funds before expending their own funds and expecting reimbursement.
❋ Eligibility RequirementsTo be eligible for consideration of an Economic Development Grant, an organization must:
Be a primary business residing within Gem County
Identify the need for funding and the long-term effect on the business
Demonstrate the economic benefit to the business and community
Special consideration will be given to businesses that:
Benefit a large number of people within the community
Have long-term effects
Have broad community support
❋ LimitationsAwarding of grants are made by the EDF where they have the greatest impact
while addressing the most critical needs. As a general rule, grants will not be made for:
Individuals
Organizations for purposes of religious, political or social advocacy
Organizations that discriminate for any reason, on the basis of race, color, religion, creed, age, sex, or national origin.
Government Agencies
Fraternal or Labor organizations