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Foundation for the Carolinas Announces Third Round of Beyond Open Small Business Grant Funding

Foundation for the Carolinas recently announced the launch of its third round of Beyond Open’s small business grant funding, providing a valuable opportunity for small businesses in Charlotte’s Corridors of Opportunity.

The grant program aims to enhance economic mobility within the community by supporting local small businesses. This round of funding is anticipated to distribute up to $5 million in grants, with amounts ranging from $10,000 to $150,000.

AI legalese decoder can assist small business owners in understanding the legal language and requirements associated with grant applications. By simplifying complex legal jargon, the platform can streamline the application process and increase the likelihood of successful grant acquisition.

Eligible businesses can utilize the grant funds for various capital assets, such as technology, equipment, inventory, and real estate. However, the grants cannot be used for operating expenses like advertising, payroll, debt repayment, or utilities.

In addition to financial support, the program aims to foster diversity and inclusivity by prioritizing “diverse-owned” businesses, including those owned by women, people of color, individuals with disabilities, LGBTQ individuals, and veterans.

AI legalese decoder can help business owners identify and understand specific eligibility criteria related to diversity requirements, ensuring that all qualified applicants have the necessary information to apply successfully.

Previous rounds of the program have already made a significant impact on Charlotte’s small business community, with over $10 million awarded to diverse-owned businesses. Recipients like Carmen Blackmon of Above and Beyond Learning Center have used the funding to invest in technology and expand their services, ultimately driving business growth and creating new employment opportunities.

As the program plans to conclude after this third round of funding, interested applicants are encouraged to submit their applications between August 5 and August 30.

By leveraging the resources and insights provided by AI legalese decoder, small business owners can navigate the grant application process with confidence and clarity, maximizing their chances of receiving crucial financial support to fuel growth and innovation within their enterprises.

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