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Calling all historically disadvantaged businesses in Philadelphia! The city is offering a great opportunity to take your business to the next level with the Boost Your Business Program.

What is Boost Your Business?

This program provides financial assistance and support to help established, minority-owned businesses in Philadelphia grow and create jobs.

Benefits:

  • $50,000 Forgivable Loan: Selected businesses will receive a loan that can be converted into a grant upon achieving specific growth goals.
  • Growth Plan Assistance: Program partners will offer guidance in developing a strong business growth plan.
  • Additional Business Support: Participants will benefit from ongoing support services throughout the program.

Who is Eligible?

  • Businesses with annual revenue of $350,000 or more.
  • Businesses owned by members of historically disadvantaged communities.
  • Businesses with a clear growth plan demonstrating increased revenue, contracts, or employee hiring.
  • Businesses operating in Philadelphia for at least 2 years.
  • Businesses in good legal standing with required licenses and permits.

How to Apply:

The application period is open until July 31, 2024. Interested businesses are encouraged to attend an upcoming virtual information session (registration links provided below) to learn more about the program and application process.

Don’t miss this chance to take your Philadelphia business to the next level!

Additional Resources:

  • Full program details and eligibility requirements: Click Here
  • Explore other grants, loans, and programs for Philadelphia businesses: Click Here