PHILADELPHIA – Qualified businesses in Pennsylvania and New Jersey are invited to apply for a “job search grant” through Founders First CDC. National Nonprofit Organization 501 (c) (3), which provides opportunities to expand a variety of revenue-generating businesses, led by the founders, Founders First this week announced a second and expanded grant program.
A total of $ 100,000 will go to 30 minorities and underrepresented businesses in Pennsylvania and New Jersey. Grant awards range from $ 1,500 to $ 10,000 per company. Recipients will also receive a scholarship for the business accelerator Founders First, a program that includes leadership training and continuing business education.
To be eligible for the grant package, businesses must be located in Pennsylvania or New Jersey and meet the following criteria:
• Current staff 2-20 employees
• Service business
• Act as a commercial company with annual revenues of $ 100,000 to $ 3 million
• Founded by an entrepreneur who identifies himself as a minority, LGBTQ +, a military veteran or is in a low- and middle-income area
Applications are currently being accepted, but must be submitted by 5 pm on June 13. Qualified business owners can apply for a grant by visiting https://foundersfirstcdc.org/pa-nj/ or email email@example.com to learn more.
“Recipients will be selected based on their demonstrated ability to maintain and increase their workforce, as well as their commitment to creating premium jobs in their communities,” the program said in a press release.
“Although Pennsylvania and New Jersey are two different states with unique histories, their entrepreneurs are bound by the tough determination needed to overcome challenges in business and life,” said Sheilan Scott, CEO of Founders First. “We are proud to return to both markets in an effort to build long-term relationships and support ambitious leaders who inspire their communities.”
The program was funded by a $ 1 million national grant from the Rockefeller Foundation and ADP along with the recent $ 9 million A-Series accelerator of Founders First Capital Partners to support underrepresented entrepreneurs in communities across the country. JP Morgan Chase and the Kaufman Foundation have also been constant partners in the development of the program at the national level.
Since its inception, Founders First has served more than 450 companies, which has created more than 300 jobs and raised more than $ 20 million among its founders.
According to Margaret Berger Bradley, Vice President of Strategic Initiatives at Ben Franklin Technology Partners of Southeast Pennsylvania, the combination of a grant and participation in the Accelerator is “a real win for the companies involved.”
“I was impressed to see the quality of the presentations that came out of the latest cohort of Founders First. We are excited to support Founders First and their mission to improve the performance of these high-impact campaigns, ”she said in a statement.
For more information on Founders First CDC visit www.foundersfirstcdc.org.