Economic Development Small Business Grant

The City of North Miami Economic Development Department proudly supports small businesses through the Economic Development Small Business Grant. Funded by the Community Development Block Grant (CDBG), this initiative is designed to help support our vibrant local economy by expanding access to funding options that enable small businesses to grow and thrive. The program provides a reimbursement of up to $7,500 to eligible for-profit and nonprofit businesses within the City.

  1. How the Grant Works
  2. Eligible Uses of Grant Funds
  3. Eligibility Criteria
  4. Required Documentation
  5. Selection Criteria
  6. how to apply

This program provides a maximum grant not to exceed $7,500, which will include reimbursement of the required 20% business contribution toward the expenditure of approved eligible use(s).

  • The maximum grant award, including reimbursement, will not exceed $7,500.
  • Any expense(s) incurred before city approval of the Economic Development Small Business Grant will not be reimbursed.
  • Businesses will be required to spend a minimum of 20% of the approved award amount upfront.
  • Eligible receipts must be submitted, verified, and approved by the Economic Development Department before any disbursement of funds.
  • Businesses are recommended to make all grant-associated expenditures via the business's credit card or checking account.
  • Funds must only be used for approved eligible use(s).
  • Businesses must submit proof of 20% expenditure within 3 business days of approval of the Economic Development Small Business Grant.
  • Businesses will have (30) calendar days to complete the required grant activities once the memorandum of agreement has been signed.
  • You will receive your grant award in one payment after all the required documentation is submitted and the grant-approved purchases have been verified.
  • The grant reimbursement amount is based on the project cost stated in your application and the signed memorandum of agreement. Requests for additional funding will not be approved.