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Rotary-funded small-business grants available in Trenton; roughly $12,000–$13,000 to be awarded
Summary
Treasurer Mike McCullough described a Rotary-funded grant program with about $12,000–$13,000 available for small-business development. Applications are due June 1; interviews in June and awards on July 1.
Treasurer Mike McCullough outlined a small-business grant program supported by Rotary International funds totaling roughly $12,000 to $13,000. He said the program is open to businesses across the city (not limited to the downtown development area), with a preference toward newer businesses but eligibility for other businesses as well.
McCullough told the council the application deadline is June 1; interviews will occur in June and awards are expected on July 1. He said the grants are not loans and that recipients will likely be asked to submit a report about use of funds in roughly six months. He described the pool as modest and noted that the final grant sizes will depend on the number and quality of applications. He referenced prior efforts ("Launch Trenton") and said the Rotary-provided funds had been held until the program could be relaunched.
Council members asked clarifying questions about grant amounts and the total purse; McCullough said the total pool is about $12,000–$13,000 and that individual grants might vary depending on applications received. No formal council action is recorded in the transcript; the item was presented as informational and staff indicated application materials were available.
