TL;DR:
The City of Philadelphia has launched the Small Business Catalyst Fund, a $5 million initiative providing grants of up to $100,000 to fuel small business growth. Applications are open now to qualified businesses that demonstrate readiness to scale and positive community impact.
Does your small business need funding to grow and innovate, but you’ve struggled to access traditional capital?
$5 Million Reasons for Philly Founders to Get Excited
Philadelphia’s entrepreneurial community just received a major shot of adrenaline. The City has officially launched the Philadelphia Small Business Catalyst Fund, allocating $5 million in grant funding to accelerate the growth of small businesses across the region. This initiative is more than just funding—it’s a powerful message that the city is backing its business builders.
If you’re a small business owner operating in Philly, this is the opportunity you’ve been waiting for.
Who’s Eligible—and Why This Is a Big Deal
The Catalyst Fund offers grants of up to $50,000 per business will be awarded based on demonstrated need, growth potential, and economic impact.
Key criteria include:
- Be located in Philadelphia.
- Be in compliance with City taxes or have an approved tax payment agreement.
- Be registered and licensed with the City of Philadelphia.
- Demonstrate strong growth potential with a clear expansion plan.
- Contribute to local economic impact, strengthening neighborhoods and creating jobs.
- Show resilience and innovation despite challenges accessing traditional funding.
- Generate maximum $2 million in revenue (2024)
And here’s the kicker: no repayment required. This is non-dilutive capital, meaning you don’t give up equity and you don’t take on debt. It’s a rare and valuable form of funding, especially for women- and minority-owned businesses that often face barriers to accessing traditional capital.
In a competitive funding landscape, early action wins. Learn more https://www.phila.gov/2025-02-05-city-launches-the-philadelphia-small-business-catalyst-fund/?mc_cid=c6a1a6f806&mc_eid=50f26fe7f8
Ready To Take the Next Step?
We assist our clients in locating, applying for, and evaluating the outcomes of non-dilutive grant funding. We believe non-dilutive funding is a crucial tool for mitigating investment risks, and we are dedicated to guiding our clients through the entire process—from identifying the most suitable opportunities to submitting and managing grant applications.