South St. Pete CRA Microfund Program

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ATTENTION: Applications for the South St. Petersburg CRA Microfund Program will reopen on Monday, July 8th at 10 a.m.

South St. Pete CRA Microfund Program

Overview

The South St. Petersburg CRA Microfund Program offers personalized capacity building through increased education, mentoring, and networking in exchange for funding so business owners can make targeted and planful improvements without having to provide upfront capital. Through this funding package, the City’s goal is to ensure businesses within the Community Redevelopment Area (CRA) can take advantage of the capital access initiative.

It is important to know that you must be located within the geographic boundaries of South St. Petersburg CRA to qualify.

Use the map to verify if your business is located in the South St. Petersburg CRA.

South St. Petersburg CRA Map

What You Need To Know

  • 14 spots remain for Cohort 3 of the 2024 South St. Petersburg CRA Microfund Program application cycle. The application will open on July 8th, at 10 a.m. and close when there are 14 approved applicants selected, or no later than July 19th, at 8 p.m.
  • The Microfund requires no upfront capital
  • The Program offers personalized capacity building through increased education, mentoring, and networking in exchange for CRA funding so business owners can make targeted and planful improvements without having to provide upfront capital
  • The Cohort will be given up to 60 business days to complete the assigned capacity-building curriculum which may require up to 18 hours of attendance and/or engagement
  • Program periods are expected to recur upon the completion of each cohort

How It Works

  • The Microfund Program Application Portal will open on July 8th and close when there are 14 approved applicants selected, or no later than July 19th.
  • Eligible businesses will be added to Cohort 3 on a first-come, first-placed basis until the 14 spots are filled.
  • All applicants with missing information or documentation will be denied. Eligible applicants will be accepted in the order their complete application is received until the cohort is filled or the application period closes.
  • There will not be a waitlist. Applicants who are eligible for the program but are not accepted during this application cycle must submit a new application to be considered for a future application cycle if one becomes available.
  • There are several opportunities to obtain technical assistance support with preparing grant documents. (See “Applicant Resources”)

Funding Levels

  • Existing Brick and Mortar - $10,000
  • Existing Family Childcare - $10,000
  • Existing Home-Based Business - $5,000
  • Existing Shared Commercial Space - $5,000
  • Early-Stage Startup - $2,500

Eligibility

Be sure to consider the following before you apply.

  • Applicants must own a business located within the South St. Petersburg Community Redevelopment Area (CRA) for at least six months.

  • Microfund Program graduates may be eligible to submit an application for a different business three years after the date of their original program participation. 

  • Spending plans will be developed to ensure funds deployed meet program eligibility standards.

Applicant Resources

Documents

Microfund 101 Workshops

The Greenhouse will offer in-person, hybrid, and virtual informational sessions to educate businesses on program information, eligibility, the application process, and more.

Please Note: Applicants must have attended a Microfund 101 Workshop or view the recorded Webinar to fulfill a mandatory prerequisite. Applications will only be considered complete upon successful completion of this requirement. The recorded Webinar can be viewed below. To learn more and register for Workshops and  the Virtual  Help Desk, visit www.stpetegreenhouse.com/events

  • Enoch Davis Center (in-person) - Monday, June 17, 2024, 6-7:30 p.m.
  • The Greenhouse (hybrid) -  Wednesday, June 26, 2024, 6-7:30 p.m. and Tuesday, July 2, 2024, 6-7:30  p.m. 

New Microfund 101 Webinar

Virtual Help Desk

Contact The Greenhouse to request in-person Help Desk Assistance.

  • Tuesday, June 11, 2024,  1-2 p.m.
  • Wednesday, June 12, 2024,  6-7 p.m. – Early-Stage Startup  (If you think you’re an Early-Stage Startup, this help desk session is for you. The session is available for everyone, but it is especially designed to help businesses who have questions and plan to apply as an Early-Stage Startup.)
  • Tuesday, June 18, 2024, 6-7 p.m. - Childcare (If you think you’re going to apply as an existing childcare business, this help desk session is for you. The session is available for everyone, but it is specially designed to help businesses who have questions and plan to apply as an existing childcare business.)
  • Thursday, June 20, 2024, 1-2 p.m.
  • Tuesday, June 25, 2024,   6-7 p.m.
  • Thursday, June 27, 2024, 1-2 p.m.
  • Friday, July 5, 2024, 9-5 p.m.  - In-Person Help Desk at The Greenhouse

How to Apply

  1. The Microfund Program Application Portal will open on July 8th and close when there are 14 approved applicants selected, or no later than July 19th.
  2. Applicants who applied for the previous cohort but weren't awarded funding will need to apply again during the upcoming application period.
  3. Interested applicants can find resources, FAQs, and toolkits on this webpage. The application (when it's live) will also be posted to this webpage.

Get In Touch

Any questions, email microfund@stpetegreenhouse.com or call 727-893-7146.

A Big 'Thank You' To Our Partners

  • The St. Petersburg Area Chamber of Commerce
  • SCORE Pinellas County
  • Florida SBDC at Pinellas County Economic Development
  • Tampa Bay Black Business Investment Corporation

2023 Summer Cohort Program Recap

A Big 'Thank You' To Our Partners

  • The St. Petersburg Area Chamber of Commerce
  • SCORE Pinellas County
  • Florida SBDC at Pinellas County Economic Development
  • Tampa Bay Black Business Investment Corporation

2023 Summer Cohort Program Recap

Continue to check this webpage for updates and more information. 

If you would like to receive email updates straight to your inbox as they become available, please sign up for our incentive notifications at www.stpetegreenhouse.com/incentives.