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EDGE grants are back for small, early-stage businesses in Delaware

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Sophia Schmidt, Delaware Public Media
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The state is starting another round of matching grants to help young businesses grow. 

The Encouraging Development, Growth and Expansion—or EDGE—grant program is back for a third year, and this time will help even more businesses. 

The Division of Small Business will award ten grants of up to $25,000 each to businesses that are less than five years old, with fewer than ten employees. It will also award five grants of up to $100,000 each to STEM-specific startups. 

This year the program doubled the number of non-STEM grants available, but reduced the amount of each. 

Jordan Schulties is the new Director of the Division of Small Business. She says the grants can be used for a wide range of projects. 

“They can develop a website, they can develop a marketing campaign to help attract new customers,” she said. “They can use this to prototype a new product.”

The grants are a three-to-one match on the businesses’ investments. 

Schulties says the grants have made a difference for young businesses in the past. 

“It’s capital that they wouldn’t have had access to previously, so to their small business it’s been really life-changing,” she said. “It’s allowed them to take on a project that really makes them competitive that they wouldn’t have been able to do previously.”

Applications will be accepted during the month of April. 

 

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