We are proud to announce the eight recipients of our Small Business Accelerator Grant Program, presented in partnership with The Hartford. This $2 million, multi-year initiative supports the launch, growth, or expansion of new and existing small business accelerator spaces in Main Street communities across the country. From shared storefronts and mentorship hubs to subgrants for local small business owners, the program is designed to create more inclusive, resilient local economies.
“The Small Business Accelerator Grant Program is built on the understanding that small businesses need more than just financial resources. They need a vibrant support system with access to strategic spaces and networks that can help them scale and sustain growth for the long haul,” said Matt Wagner, Chief Innovation Officer. “By offering affordable spaces and mentorship, this program provides the critical places small business owners need to overcome barriers, while strengthening the fabric of local economies where it’s most needed.”
Entrepreneurship is a critical pathway to economic opportunity and inclusive wealth-building. However, access to affordable retail space and limited brand awareness are barriers to small business growth, especially for entrepreneurs of color. The Small Business Accelerator Grant Program will help Main Street districts provide important interim space for fostering entrepreneurship, where business owners can showcase their products and services and receive support and mentorship, while building stronger, more resilient local economies.
Over a period of two years from 2025 – 2027, two cycles of grants will be awarded to up to 15 Main Street communities to support the launch, growth, or operation of new and existing small business accelerator sites. Selected grantees may also apply for $50,000 in additional funding to subgrant directly to entrepreneurs and small business owners involved in their accelerator sites. In addition to supporting physical spaces, this program will fund the development of a virtual accelerator to provide training, networking, and mentorship for Main Street small business owners across the country.