The City of Jacksonville Office of Economic Development (OED) announces the newly established Small Business Capital Access Programs (SBCAP), which supports the growing needs of the over 66,000 small businesses in Duval County. Nearly 18,000 of those businesses employ 100 people or less.
The programs are intended to align with the City’s commitment to nurture a thriving small business community, while enhancing economic stability, entrepreneurship, job growth, and resiliency within the City.
"I am thrilled about the Small Business Capital Access program, which offer grants and low-interest loans to small businesses across Duval County,” said Gregory Grant, the EBO/JSEB Administrative Director for the City of Jacksonville. “This initiative is a key step towards making our city a destination where small businesses thrive, aligning with the Mayor's vision of Jacksonville becoming the Small Business Capitol of the Southeast."
Programs offered include:
- Small Business Micro-Grant Funding Initiative
The Small Business Micro-Grant Funding Initiative aims to provide financial support ranging from $500 to $1,000 to aspiring and emerging micro-businesses in Jacksonville.
- Small Business Low-Interest Loan Funding
The Small Business Low-Interest Loan Funding offers tiered loans ranging from $1,000 to $50,000.
- Veterans Entrepreneurship Funding
The Veterans Entrepreneurship Funding serves to support veteran micro-businesses through grants up to $2,000.
- Jacksonville Small & Emerging Business (JSEB) Funding
The Jacksonville Small & Emerging Business (JSEB) Funding focuses on supporting JSEB micro-businesses.
- Grants range from $1,000 to $5,000
- Tiered loans range from $5,000 to $50,000
The SBCAP will be administered by LISC Jacksonville.
For eligibility and qualification details please contact LISC at 904-353-1300 or Jacksonville Small & Emerging Business 904-255-8620.
The $1 million in funding for this program was provided by the task force budget recommended by Mayor Deegan’s transition committees and passed by City Council as part of the 2023-2024 budget.