Small Business Grant Program

To assist in the creation of new small businesses or the physical expansion of existing small businesses in targeted commercial corridors by providing forgivable loans to qualified applicants.

Funding

This program is funded through the City of Worcester's Community Development Block Grant (CDBG) funds, which are allocated by the United States Department of Housing and Urban Development (HUD). The funding amount per project is based upon the total new square footage to be occupied by the entrepreneur or existing business owner. The maximum funding amount per project is not to exceed 50% of the total project cost.

Total Square Footage to be Occupied Maximum Funding Amount
Worcester CARD &
Quinsigamond Village
Downtown CARD
Sub-District
Up to 2,500 Square Feet Maximum of $5,000 Maximum of $10,000
2,501 to 5,000 Square Feet Maximum of $10,000 Maximum of $20,000
5,001 or More Square Feet Maximum of $20,000 Maximum of $30,000

Eligible Applicants

New small business owners occupying vacant space, or expanding small business owners in the Commercial Area Revitalization District as well as Quinsigamond Village. The business must be located in a first-floor storefront unit with emphasis to the Creative Economy.

Eligible Uses

  • Fixtures
  • Interior Renovations
  • Merchandising Equipment
  • Retail and/or food service equipment

HUD Eligibility Requirements

In order to be eligible for CDBG funding, each applicant must qualify as meeting one of the following national objectives of the CDBG program:

  • Benefiting Low- and Moderate-Income Persons
  • Meeting an Urgent Need
  • Prevention or Elimination of Slum or Blight

Contact Information

Economic Development
City Hall 4th Floor
455 Main Street
Worcester, MA 01608

Accessible via WRTA Bus Line. View Schedules

Phone: 508-799-1400
Fax: 508-799-1406
Email Us

Office Hours:
Monday - Friday
8:30 a.m. - 5 p.m.

City of Worcester
Customer Service Line
Monday - Friday
7:30 a.m. - 5 p.m.
508-929-1300
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