SOMERSET, Ky. — Businesses and entrepreneurs in Somerset and Pulaski County have until Feb. 26 to apply for SPEDA’s second round of mini-grants, funding available to help those who want to start new enterprises or innovate within existing operations.
SPEDA awards four $2,500 grants annually to two start-up companies that are looking to begin operations and/or have been in business for less than one year, and two growth-oriented businesses that have been in business for more than one year. Businesses may apply for a variety of projects, including but not limited to: strategic planning and management; purchase or physical improvements to facilities or equipment; training; or leadership, planning, and management capacity initiatives.
Forcht Broadcasting has joined the mini-grant program as a partner in 2021. Through this collaboration, Forcht will match each of the four $2,500 grants with $2,500 in advertising and marketing services, increasing the program’s total financial benefit from $10,000 to $20,000 and giving winners an additional avenue for promoting their businesses.