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Chester County Economic Development Council Launches Grant Program

Jan 29, 2024 | Coatesville

The Chester County Economic Development Council (CCEDC) is urging small businesses to prepare now to apply for up to $2,000 in funding to access free services from some of the region’s top professional service advisors and mentors.

“The application window for CCEDC’s New Business Champions Micro Grant Program begins Feb. 1, 2024 and is only open for a month, so we are strongly encouraging eligible businesses to begin gathering some basic background information in order to be ready for this incredible program now entering its fourth round of distributions here in Chester County,” said CCEDC President and Chief Operating Officer Mike Grigalonis.

Nearly 100 small business owners in Chester County have benefitted so far from CCEDC’s New Business Champions program since it launched in February 2022 to help small businesses develop critical entrepreneurial skills, including business plan coaching, startup services and mentorship from professional service advisors in accounting, marketing, HR and more. Applications are open starting Feb. 1, 2024 through March 1, 2024 here.

“We know that it’s especially challenging for new businesses to identify mentors and afford professional services, so we have organized an impressive group of local experts who will work one-on-one with these businesses to address their most pressing needs,” said Chris McHenry, Chester County Economic Development Council Vice President of Development Finance. “Even small businesses that are not funded through the New Business Champions program can receive support services from our team, so it’s definitely worth applying.”

Small businesses can apply directly. Awards are subject to eligibility and funding availability, as well as a business needs assessment conducted through the CCEDC Business Resource Center, which opened its permanent home last fall at 357 East Lincoln Highway in Coatesville. The Business Resource Center serves small business owners by appointment. In addition, CCEDC offers access to the PA Catalyst Loan Fund, which provides low-interest loans to business owners who haven’t qualified for conventional bank debt.  

CCEDC’s New Business Champions Micro Grant Program is funded in part by the Chester County Workforce Development Board and Pennsylvania Department of Labor and Industry.

Learn more at Chester County Economic Development Center.Like this article? Check out the details on the new office!

Posted by Monica Ferguson

Monica is a senior at West Chester University studying Digital Marketing. She is excited about moving to Chester County and eventually starting her career there after graduation.

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