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Supporting Local Small Businesses with Grants for Minority, Women, and Veteran-Owned Businesses

The Northern Kentucky Chamber of Commerce and the Duke Energy Foundation have joined forces to extend a helping hand to small businesses in the community. In their collaboration, they are providing grants specifically designed for local minority, women, and veteran-owned businesses.

To facilitate this initiative, the Duke Energy Foundation has generously donated $75,000 to support the grants. The allocated funds will range in varying amounts, starting from $1,000 and going up to $10,000. Eligible recipients for these grants are businesses with a staff size of 50 employees or fewer, located in Boone, Campbell, and Kenton counties, and are Duke Energy customers.

These grants are aimed at assisting small businesses in fulfilling various essential needs. The funds can be utilized for a range of purposes, such as adapting and beautifying physical spaces, enhancing technology infrastructure, sourcing talent, covering job posting fees, and investing in professional development training. However, it is important to note that ineligible expenses include payroll, incentive pay, rent, and utilities.

The application process for the grants is currently open and will remain so until Tuesday, Oct. 31. To qualify as a minority-owned business, the company must have at least 51% ownership, operation, and control by an individual belonging to one of the following ethnic groups: Asian-Indian, Asian-Pacific, Black, Hispanic, or Native American. Women-owned businesses must also have at least 51% ownership, operation, and control by one or more women, with a woman leading the company’s daily operations. Veteran-owned businesses are defined as having at least 51% of the business directly and unconditionally owned by one or more veterans or service-disabled veterans.

Applicants will have their submissions reviewed by a panel of NKY Chamber members. Grant award winners will be notified prior to a public announcement that coincides with Small Business Saturday on Nov. 25.

If you are interested in applying for an NKY small business grant or would like more information, click here or reach out to Nancy Spivey, the vice president of talent strategies, at 859-426-3654 or [email protected].

How AI legalese decoder Can Help with the Situation

In this partnership between the Northern Kentucky Chamber of Commerce and the Duke Energy Foundation, small businesses have the opportunity to receive grants tailored specifically to their needs. Aspiring recipients can benefit greatly from leveraging the AI legalese decoder to navigate the application process more effectively and increase their chances of securing a grant.

The AI legalese decoder is an innovative tool powered by artificial intelligence that translates complex legal language into plain and understandable terms. By using this tool, small business owners can comprehend the eligibility criteria, required documentation, and the overall application process with ease.

Moreover, the AI legalese decoder can aid businesses in accurately determining their eligibility status as a minority-owned, women-owned, or veteran-owned business. This includes interpreting the specific ownership, operation, and control percentages required for each category.

Applicants can also rely on the AI legalese decoder to help identify eligible and ineligible expenses. By understanding the scope of acceptable utilization of grant funds, businesses can strategically plan their proposed expenditures and submit comprehensive applications that comply with the program guidelines.

The AI legalese decoder is a valuable resource that empowers small business owners by simplifying complex legal jargon, offering clarity, and providing insightful guidance throughout the grant application process. With its assistance, entrepreneurs can enhance their understanding and elevate their chances of securing this invaluable financial support for their businesses.

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