Cleveland Municipal Small Business Initiative

Partnering with U.S. Small Business Administration and Cuyahoga County, this performance grant allows businesses to reduce their equity in a SBA-funded project from the required 25% to 10%. The city provides a grant of 15% (of total project costs less working capital), which is funded half by the city and half by the county. The goal of this grant is to leverage financing to benefit small businesses in the creation of jobs and opportunities in the City of Cleveland.