Small Business Grants in South Carolina (SC)

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

Small Business Growth Fund

This fund provides capital entrepreneurs need to expand their businesses. Each recipient will receive a $5,000 grant.

Catalyst Grant

This grant aims to increase the capabilities, efficiency, and overall competitiveness of small and medium-sized manufacturers through the adoption of Advanced Quality Management Systems (QMSs), and Lean Manufacturing tools and techniques.

Hometown Economic Development Grants

The Municipal Association of South Carolina awards these grants, up to $25,000 each, to support economic development projects that will make a positive impact. The grant program also promotes and recognizes innovation in economic development practices.

Career Clusters Partnership Program

The South Carolina Department of Education (SCDE) awards at least one grant of a minimum of $150,000, exclusively for career and technology education, in at least four of the specified career clusters.

State Discretionary Incentives

South Carolina has three discretionary grant funds that are administered by the South Carolina Coordinating Council for Economic Development. These grants are evaluated on a case-by-case basis and may be awarded depending on the needs of the project.

SC Rural Infrastructure Authority (RIA) Annual Grant Program

This program offers grants to assist in the development of reliable infrastructure statewide and increase capacity for economic growth. Financial assistance is made available during two competitive funding rounds annually.

South Carolina Government Grants

The federal government and South Carolina’s department of finance has set aside $9,249.00 million in federal grants and financial aid. This aid is distributed to various economic sectors, with the majority of the budget in business, education, housing, veteran, and personal grants.

To apply for these grants, you need to contact the respective agencies or organizations, understand the eligibility criteria, and prepare a comprehensive application. It’s also beneficial to seek advice from local and regional economic development agencies, chambers of commerce, and other business support organizations. Join POTD Today to Explore more about other Small Business Grants like Small Business Grants in Montana (MT) and Small Business Grants in Oklahoma (OK).