NKY 2024 Small Business Grant Program Now Accepting Applications
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NKY 2024 Small Business Grant Program Now Accepting Applications

Applications are now open for the 2024 NKY Small Business Grants program. The program is designed to support minority-, women-, and veteran-owned small businesses in Boone, Campbell, and Kenton counties.

Duke Energy Foundation and Covington-based Blue North each contributed $25,000, for a total of $50,000 this year. The funds will be allocated in amounts ranging from $1,000 to $10,000 and will be awarded to businesses with 50 or fewer employees that are also small Duke Energy customers located in Boone, Campbell and Kenton counties.

Funds may be used for a variety of expenses, including adapting and beautifying physical space, technology improvements, talent acquisition, job posting fees, and/or professional development training costs. Ineligible expenses include salaries, incentive compensation, rent, and utilities.

Funding for Blue North will come from the Northern Kentucky Entrepreneurship Fund, which launched in 2023 and focuses on supporting entrepreneurs based in New Kentucky.

“Since the launch of the NKY Entrepreneur Fund, 26 Northern Kentucky entrepreneurs have received grants through Blue North’s partnership with Main St. Ventures,” Blue North Executive Director Dave Knox said in a press release. “We are excited to launch our second partnership with the NKY Chamber of Commerce and the Duke Energy Foundation to amplify that impact and support the entrepreneurs who are the backbone of our community.”

To be considered a minority-owned business enterprise, a business must be at least 51% owned, managed, and controlled by at least one person of Asian American Indian, Asian Pacific American, Black, Latino, or Native American descent.

Women-owned businesses must be at least 51% owned, managed and controlled by one or more women, with the woman leading the day-to-day operations of the business.

Veteran-owned businesses are those in which at least 51% of the shares are directly and unconditionally owned by one or more veterans or disabled veterans.

Award winners will be selected by an Application Review Panel comprised of NKY Chamber members in good standing. Award winners will be notified prior to the public announcement, which will be held on Small Business Saturday on November 30.

Since the program began in 2020, more than 300 minority-, women-, and veteran-owned businesses have applied for NKY Small Business Grants, with 41 local businesses receiving assistance.

Applications are open now through October 1. Interested parties can apply at www.nkychamber.com/talent.