Small Business Grant Opportunity

The City of Columbia and Regional Economic Development, Inc. (REDI) are excited to announce a grant opportunity for local businesses.

The Small Business Grant program is designed to support both start-ups and established businesses that are looking to expand, innovate, or improve operational efficiency. The program prioritizes business owners residing in economically disadvantaged areas of Columbia and aims to strengthen local economic sustainability and community impact.

Complete scoring details can be found under "Documents".

A total of 8 grants will be awarded:

• 2 grants of $10,000 each
• 6 grants of $5,000 each.

To be eligible to apply for this funding, businesses must:

• be registered with the State of Missouri and have a Federal Tax ID (EIN)
• be located in Boone County and licensed to do business in the City of Columbia
• have 10 or fewer employees
• have a business bank account or establish one during the application process
• have generated less than $250,000 in gross sales during the previous 12 months
• be willing to work with a REDI business coach if selected.

*Please note, recipients of the 2023 and 2024 Minority Business Enterprise (MBE) Grant funds are not eligible for this Small Business Grant program.

Comments and questions can be submitted on this page through July 23.