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Sussex County businesses ready to grow have a potential new source of capital. The county has launched a program to assist established, growing businesses located in Sussex County with $5,000 grants as well as customized data to help them grow.
The program is targeted at so-called “second-stage companies,” which typically employ 10 to 99 workers and have annual sales of $1 million to $50 million.
The program is “not a program established for companies that are in trouble or companies that need specific assistance, such as an inventory type of process,” Sussex County Economic Development Director Bill Pfaff said in a news release. “Rather, this is really for companies that are beyond the start-up phase and have the desire to grow to the next level.”
Sussex County Council has authorized spending up to $25,000 on the initiative to support as many as five grants of $5,000 each.
Click here to learn more about the program, including how to apply. The deadline for applications is August 26, 2019.
The Delaware Division of Small Business wants to help you start and grow your business in Delaware.
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