Business Development Grant

- The recipient must be a member of the Beavercreek Chamber of Commerce in good standing. Possible exceptions for new business start-ups. 

- The intention is to provide capital to expand and grow your business.  

- Grantees must submit a review of the project along with pictures, budgets and anything that demonstrates how the grant will assist your business venture. Final review is required to be eligible for future grants. 

- Member companies/non-profits with less than 150 employees are eligible. 

- Awards will be based on a number of factors, including the impact on business growth in Beavercreek, Greene County, and the Miami Valley. 

- If a recipient receives a grant award two times, the recipient is required to wait 5 years after the 2nd award to apply again. Grants may be awarded in successive or alternate years. 

- The grant can be used to acquire equipment, machinery, technology, permits, land or site development that is used to support new business growth. 

- The grant cannot be used for payroll or to sustain current business operations and capital assets.  The final use of the grant is subject to Beavercreek Chamber of Commerce and may not be utilized to pay for legal fees, utilities, insurance or taxes. 

- Beavercreek Chamber of Commerce membership is required for all recipients for at least three (3) years after receiving the grant. 

- The recipient must currently be active with the Beavercreek Chamber of Commerce by participating in at least three (3) events; meetings, network events, industry roundtable or other events sponsored by the Beavercreek Chamber of Commerce. 

- The year of the award we require the member will continue to participate in and/or volunteer for at least 4 hours in at least three new Beavercreek Chamber of Commerce activities and/or Signature events. The recipient is required to be available for photos, an award ceremony, and provide testimonials to help promote the award. 

- All Beavercreek Chamber of Commerce members in good standing are eligible to apply.  

- Minimum of 1 year in operation with a tax return or financial statements to provide proof of income. 

- Must be an incorporated enterprise (LLC, S-Corp, C-Corp, etc.) in good standing in the State of Ohio 

- Must submit bi-annual reports (balance sheet and income statement) of business progression and utilization of funds 

- All industry types and sectors are open to apply, including non-profits. 

- Evaluation is based on: 

- Applications will be accepted for a maximum of two awards in a five (5) year cycle.  

- Applicants are eligible to apply for grant a second time only if post grants reports are completed and submitted on time and if previous grant awards used for intended purpose. 

- A five (5) year wait period is required after the acceptance of the second grant award. After the second award applicant, business and/or venture is ineligible to apply after the wait period of five years.