The program seeks to make capital grants to nonprofit organizations to purchase, repair and/or improve facilities for social enterprises that target individuals facing significant barriers to employment.
Program Information
The Social Enterprise Capital Grant Program is administered by the Executive Office of Economic Development (EOED) to support various costs related to the development of eligible facilities, specifically the purchase and/or renovation of a property owned by the nonprofit and utilized for the social enterprise. Purchase and installation of industrial equipment over $5,000 may be requested as part of a renovation or repair project.
The program will make capital grants, on a competitive basis, to projects that meet the eligibility and specific requirements of the program. Specifically, this grant is designed to support employment social enterprises that sell goods and services while providing supportive services for individuals who face significant barriers to employment.
For the purposes of this program, an employment social enterprise is defined as a discrete or embedded business venture operated by a mission-driven nonprofit organization with programming focused on hiring and assisting people who face barriers to employment. The organization must offer paid employment opportunities to low-income individuals, with priority to socially and economically disadvantaged populations who experience complex needs and barriers to employment that require intensive interventions.
The budget line item calls for grants to be awarded in a manner that promotes geographic, social, racial, and economic equity.
How to Apply/Key Dates
The application for FY2025 will close at 11:59pm on April 24, 2024.
Social Enterprise FY2025 FAQ (PDF)
Social Enterprise FY2025 RFP (PDF)
Social Enterprise FY2025 Budget Form (EXCEL) - To be completed and uploaded with application