Agency / Department: Newport Rhode Island
Resource: Micro-Enterprise Grant Opportunities
Details: Certain types of microenterprises are eligible. A microenterprise is defined as a commercial enterprise that has five or fewer employees, one or more of whom owns the enterprise. $5,000 grants will be disbursed via a single lump-sum payment to approved, eligible microenterprises. Funds may be used for working capital to cover business costs, such as rent, staffing, and utilities. MicroE funds may not be used for major equipment purchases, purchase of real property, construction activities, business expansion, or lobbying.