How to find food truck grants
These funding types are used by companies to extend their cash flow and implement projects at a scale and speed that they would not be able to accomplish independently. Government grants may be used by food-related businesses for training and hiring employees, buying new equipment, conducting research and development, and expanding into new markets, etc..
Government funding is provided by federal, provincial, and municipal sources. Each source caters to their area's most significant challenges and opportunities by offering funding to decrease the financial risk of certain projects. This leads to the different program focuses, qualified expenses, timelines, and contribution amounts. It is very crucial to say that the beverage and food industry is a significant focus on government financing programs.
Government grants for food trucks
- Economic Development Agency (EDA)
The Economic Development Agency (EDA) is a portion of the Department of Commerce and provides several distinct investment assistance opportunities for a variety of programs. Available programs range from economic growth to technical aid to research and evaluation. A few of the programs make it possible for funds to be used for facility construction and equipment purchases. Projects must be located in an economically distressed region.
- Healthy Food Funding Initiative (HFFI)
The Healthy Food Financing Initiative (HFFI) represents the Federal government's first coordinated program to eliminate problems in the nation.
- DC Small and Local Business Grant
The DC Department of Small and Local Business has multiple open food truck grants opportunities for businesses in particular"wards" of the city. You can keep an eye on the ongoing grant opportunities on the Present Solicitations & Opportunities site. They tend to offer the most food truck grants to businesses that are revitalizing downtown neighborhoods.
- Kansas Job Creation Fund
Kansas's Job Creation Fund gives food truck grants to businesses looking for help establishing themselves in Kansas. The fund typically disburses the food truck grants money to recipients over three years as their company reaches certain investment and employment benchmarks.
- Louisiana Community Development Block Grant
The Office of Community Development aims to enhance the living environments and economic opportunities for Louisiana's low-income taxpayers. While small companies can not use directly, but you can contact the local or state government branches relevant to your company's function and see whether you're able to get that funding to perform community work.
- Chicago Small Business Improvement Fund
The SBIF supports small businesses remodeling or repairing their location, whether by updating windows and floors, replacing signage, or purchasing nearby land to expand into. Note that you'd obtain these matching food truck grants after completing and paying for your renovation, so be cautious--plenty of different companies are probably competing for small business food truck grants like these.
- Miami Mom & Pop Small Business Grant
If you're in Miami and have been in business for at least a year, be sure that you apply to the program meant to"bridge the gap between local authorities and little owned and operated businesses."
