Small Business Grants in Idaho (ID)

Securing a small business grant in Idaho involves identifying the right opportunities, understanding the eligibility criteria, and preparing a compelling application. Here are some of the most relevant grant opportunities for small businesses in Idaho:

Idaho Commerce Grants
Idaho Commerce offers a variety of grants to new and existing businesses in the state. These grants can be used for a wide range of purposes, from expanding your customer base to improving access to community infrastructure. Some of the specific programs include the GEM grants for small communities, the Rural Economic Development Professionals Program, the Wild Rivers Grant Program, and the Idaho Broadband Grant Program.

Idaho Rebounds – Municipal Small Business Grant
This grant is designed for businesses that were affected by COVID-19. To qualify, businesses must have 500 employees or less, have an official EIN number, and be an Idaho domiciled business.

Amber Grants for Women
These grants are specifically for women business owners. Every month, three $10,000 grants are awarded, and at the end of the year, one of the monthly winners receives an additional $25,000.

Small Company Offering Regulations Program
Administered by the Idaho Department of Finance Securities and Exchange Commission, this program lists specific needs of government agencies on Challenge.gov. Businesses and individuals can submit solutions to these needs.

State Trade Expansion Program (STEP) Grant
This grant is funded in part through a grant with the U.S. Small Business Administration (SBA) and is administered by Idaho Commerce. The goals of STEP are to increase the number of small businesses that export, increase the value of exports, and increase the number of small businesses exploring significant new trade opportunities.

ARPA Small Business Grant
This grant provides relief and direct support to local small business owners who continue to be impacted by COVID-19. The focus of these grants is to provide financial relief to local businesses in industries which includes those that have fewer than 20 employees and sales under $1 million per year.

Rural Business Development Grants
These grants are available for businesses in rural areas of Idaho. There are two types of RBDG projects, Opportunity grants and Enterprise grants.

Workforce Development Council Grants
These grants are designed to engage employers in developing new training solutions that address Idaho’s workforce issues and fill skills gaps. The Innovation Grant can fund projects that address local workforce development needs, while the Industry Sector Grant is designed to engage employers in developing new training solutions.

Idaho Rebound Cash Grant
This grant provides up to $10,000 in funding directly to eligible Idaho businesses. More than 30,000 small businesses could benefit from the $300 million in cash grants made available.

To apply for these grants, you will typically need to prepare a detailed application that outlines your business plan, demonstrates your need for the grant, and explains how you will use the funds. You may also need to provide financial statements and other supporting documents. It’s important to carefully review the eligibility criteria and application instructions for each grant before applying.