Duke Energy Downtown Kannapolis Grant Application (Fall 2024) Now Open

The Flywheel Foundation is pleased to administer a grant fund designed to support small businesses located in downtown Kannapolis. Small businesses can use these microgrants for renovations, equipment, technology, inventory and other assets that will expand the business’s ability to attract customers, grow revenue and better serve their community. Grant amounts will be no larger than $2,500 per business.

Applications will be taken through midnight September 30, 2024. Business owner will be notified of the outcome by October 15, 2024. In order to apply for the grant, you must:

• Be located in downtown Kannapolis.
• Small business support awards will focus on businesses with <50 employees.
• Awards can be used for modifying equipment, physical space, improving an e-commerce site for online  sales or expanding capacity for delivering goods and services. Expenditures may include furniture for expanded seating, renovations, accessibility compliance, as well as other equipment or tools needed to successfully grow the small business.
• Payroll, rent and utilities are not eligible expenses.

Applicants will be reviewed and selected by  a committee from the Cabarrus Center Entrepreneurship Council. For questions, please contact Jill Atherton.