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Encouraging Development, Growth and Expansion (EDGE) Grant

Grants to Delaware Small For-Profits
for Company Enhancement and Development

Agency Type:

State

Funding Source:

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Delaware Division of Small Business (DSB)

Deadline Date:

02/28/20 11:59 PM

Description:

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Grants to Delaware small for-profit organizations for programs and activities that will help the company develop, expand, and grow. Funding is intended to support a wide range of services or capital investments, including equipment, advertising services, building projects, and website design. Eligible companies may be either STEM-based or non STEM-based (entrepreneur class).

Applications will be judged by a panel of experts on:

  • Business need case
  • Competitive advantage gained
  • Business viability and likelihood of permanence
  • MWVBE status of business owner
  • Business location (DDD and/or Opportunity Zone)
  • Job creation/revenue growth

Grants may be used for:

  • Market analysis assistance
  • Advertising assistance
  • Building infrastructure/cosmetic enhancements
  • Essential equipment
  • Web site design
  • Rent assistance for lab space

GrantWatch ID#:

GrantWatch ID#: 185995

Number of Grants:

The Division can provide up to 10 grants per application round (5 STEM/5 Entrepreneur).

Estimated Size of Grant:

STEM-based companies can receive up to $100,000 for eligible expenses. Entrepreneur Class (non-STEM) businesses can get up to $50,000.

Additional Eligibility Criteria:

Qualified small businesses must:
- Have been in operation less than 5 years
- Employ 10 people or fewer
- Be majority located in Delaware
- Have not received a previous Strat Fund grant

A non-Delaware company may apply on the condition that it would relocate at least 51% of its business (employees and real property) to Delaware if awarded a grant. That relocation would need to take place before any funds would be disbursed.

The grants are primarily intended to assist people building private, for-profit companies. That said, there may be a special circumstance in which a 501(c)(3) would be eligible. Contact one of the Division’s Regional Business Managers to discuss the organization’s eligibility before applying.

Part-time employees count as ½ employees for the purposes of the limit. Full-time employees count as 1. Any employee working fewer than 10 hours per week or fewer than four months per year does not count toward the employee limit.

Applicants that have not yet formed their business are eligible to apply as a sole proprietorship.

Pre-Application Information:

Applications for the current round of EDGE Grants are due by 11:59 PM on February 28, 2020.

Finalist are announced approximately six to eight weeks after an application round closes with the grantees chosen in the following weeks.

The funds are provided as a $3 (state) to $1 (business) match.

Contact Information:

Before starting your grant application, please review the funding source's website listed below for updates/changes/addendums/conferences/LOIs.

Completed applications for EDGE Grants may be submitted to:
business_finance@delaware.gov

For questions, contact the Division of Small Business at business@delaware.gov or 302-739-4271.

For assistance in Spanish, contact maria.freudenthal@delaware.gov or (302)284-0365.

Delaware Division of Small Business
99 Kings Highway, Dover, DE 19901
(302) 739 4271
business@state.de.us

URL for Full Text (RFP):

Geographic Focus:

USA: Delaware

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