City of Bakersfield Entrepreneurship Ecosystem Technical Assistance and Grant Program 2.0

About

A grant program offering financial assistance to eligible businesses in Bakersfield, aimed at supporting those affected by the COVID-19 pandemic through various operational expenses. The program provides grants that can be utilized for payroll, marketing, and other essential costs, helping local entrepreneurs stabilize and grow their businesses.

Benefits

• 💰Grant Funding
  Eligible businesses can receive grants of $2,500, $5,000, or $20,000 for various operational needs.
• 📈Financial Flexibility
  Funding can be used for payroll, marketing, and other essential business expenses.
• 🌐Community Support
  Access to resources and support from Bakersfield College Launchpad and local partners.
• 🎓Orientation Sessions
  Participants can attend orientation sessions to understand the application process and program benefits.
• 🏢Business Development
  Opportunities for business document preparation and assistance with licenses and permits.

Eligibility Criteria

• Open to businesses located within the City of Bakersfield limits
• Must be in a Qualified Census Tract
• Funding can be used for payroll, utility payments, and marketing expenses
• Businesses must demonstrate impact from the COVID-19 pandemic
• Must comply with local business regulations and requirements

Participation Commitments

• Must attend an orientation session at the Launchpad facility in January 2025
• Application submission must include detailed business information and funding needs
• Businesses must provide documentation of COVID-19 impact and compliance with local regulations
• Commit to using grant funds for specified eligible expenses only.

Target Sector

Focused on local entrepreneurship and small business support

Target Location

Open to businesses within the City of Bakersfield, California