Show Me the Money: SMALL BUSINESS INCENTIVE
The incentives are rapidly becoming popular as businesses gear up to meet the needs of their customers. There are four incentives offered to small business.
SMALL BUSINESS EMPLOYEE TRAINING
The employee training grant is available to independent small business owners (non- franchisees) to enhance employee skillset. This incentive will cover up to $750 per employee and is limited to two employees per company. Funds can be used for training, skills enhancement or certifications, however, the funds cannot be used for transportation, hotel, or meals. To receive the incentive, the company completes the application process prior to training. Once the training is complete, the company provides a copy of the certificate, and submit a follow-up report.
SMALL BUSINESS EQUIPMENT PURCHASE
This incentive can be used towards the purchase of new or used equipment needed for the day-to-day operation of the small business. The business must make the approved purchase(s) up front and submit all necessary paperwork and receipts. The business will receive a check for half the expense of the purchase, up to $5,000.
SMALL BUSINESS CONSTRUCTION AND RENOVATION
This incentive can be used towards the enhancement of an existing business or the construction of a new property. The business must make the approved purchase(s) up front and submit all necessary paperwork and receipts. The business will receive a check for half the expense of the purchase, up to $5,000.
This one-time $1000 per business incentive is for the development or enhancement of marketing programs for small businesses. Funds can be used for website update or building, newspaper, magazine, radio or television ads, banners, signage, or promotional materials. The check will be made payable to the vendor providing the service.
Depending on which incentive you are applying for, you will need to provide the following:
Copy of current City or State Business Licenses (if applicable).
Copy of your most recent tax return(s) (business/personal).
Copy of the last 12 months financial statements, or 12 months projections if start-up.
Copy of employee training registration prior to registering (if applicable).
Estimate for equipment being purchased.
Copies of paid invoices that will be submitted for the reimbursement.
Completed Reimbursable Receipt form.
Copy of your State Issued Identification (Driver’s License or State I.D. Card)
Proof of ownership or copy of lease agreement for the property being considered.
Copy of construction project design if being considered.
GO Topeka’s Entrepreneurial Minority and Business Development’s (EMBD) mission is to empower small, low to moderate income, minority and women owned business enterprises with the knowledge and resources to build wealth and contribute to the economic betterment of Topeka and Shawnee County.