Accessing Technical Assistance Funding in Rural Idaho
GrantID: 44806
Grant Funding Amount Low: $18,000
Deadline: Ongoing
Grant Amount High: $500,000
Summary
Grant Overview
Addressing Technical Assistance Barriers for Small Businesses in Idaho
Idaho's small businesses face unique challenges that hinder their growth and sustainability. According to recent studies, approximately 85% of small businesses in Idaho struggle with accessing the resources necessary for operational improvement, particularly in rural areas where resources are limited. Recognizing the vital role small businesses play in the state's economy, especially in more isolated regions, this funding initiative aims to bridge the gap by providing essential technical assistance.
Who Faces This Barrier Locally
Small business owners in Idaho's rural communities often lack access to dedicated financial and operational support due to the state's geographical diversity and limited infrastructure. Entrepreneurs, from those running farms in the Magic Valley to craft brewers in Boise, frequently encounter obstacles such as limited market access and inadequate financial management resources. This lack of support not only stifles innovation but also inhibits the ability of these businesses to compete effectively in the broader market.
How Funding Addresses Operational Challenges
This funding specifically targets small business operators by offering tailored technical assistance programs that focus on key areas like financial management, marketing strategies, and incorporating technology into their operations. By improving these aspects, small businesses will be better positioned to thrive in Idaho's competitive landscape. Additionally, the initiative emphasizes training sessions and workshops to equip entrepreneurs with the necessary skills to run their businesses efficiently, ultimately leading to enhanced economic stability within local communities. The application is open until December 31, specifically for organizations that have previously engaged with funding programs, ensuring that support targets those most committed to local business enhancement.
Fit Assessment for the Idaho Context
Given Idaho's economic profile, where agriculture, manufacturing, and technology sectors are interwoven, this funding addresses specific local needs. The focus on technical assistance aligns with the state's economic fabric, providing a comprehensive approach to fostering small business sustainability. In a state where nearly 98% of businesses are classified as small, facilitating access to operational resources is not just beneficial; it is critical for maintaining economic vitality across Idaho.
Eligible Regions
Interests
Eligible Requirements
