Micro-Enterprise Assistance Grant Program
The Micro-Enterprise Assistance Grant Program (MEA) provides grant funds to assist in innovative solutions to problems faced by micro-enterprise businesses and for business facade improvements. Qualifying micro-enterprise businesses must employ 5 or fewer persons and the owner of the business must meet LMI eligibility requirements. Businesses with owners who do not qualify as low-to moderate-income must create up to two (2) full-time equivalent (FTE) jobs (depending on funds requested), which must be taken by low-to moderate-income individuals. MEA programs are limited to a grant total of $150,000. The maximum grant or loan amount to individual businesses is $50,000.