Photo credit: Founder’s First Community Development CorporationSOUTHERN CALIFORNIA – Founder First Community Development Corporation (FFCCDC) is awarding 30 diverse-led businesses a total of $100,000. The purpose of the program is to support revenue generating businesses and encourage premium wage job growth.
The Job Creators Quest grant is an initiative to launch FFCDC expansion into new regions by supporting small businesses from diverse backgrounds to scale and impact the ecosystem.
Criteria for eligibility include businesses located within Los Angeles, Orange County, Riverside, San Bernardino, Imperial, and San Diego Counties. The business must also have a current staff of 2-20 employees, have an annual revenue of at least $100K and not to exceed $3 million, the ability to add 1-2+ net new premium wage jobs in the next 12 months and others.
According to FFCCDC, a premium wage job has an average $50K in yearly salary and benefits.
“Social Economic Equity is important and a connection to move the needle is to create full time roles that provide livable wages,” as stated on the FFCDC website. “Many programs that are targeting this market may be creating part time jobs at minimum wage, and while that is positive it doesn’t close the economic equity gap.”
FFCCDC will select 30 companies and award a grant package that includes a cash award between $10,000 and $1,500 as well as a full tuition scholarship to a FFCCDC business accelerator program.
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Grant money can be used as growth capital to hire or rehire premium wage jobs. In addition, the money can be used to purchase, fix or enhance equipment necessary to help manage growth challenges and scale for the future.
Funding for the Job Creators Quest program comes from various grants that support their operations including a $1 Million grant from the Rockefeller Foundation.
The deadline to complete the application is November 14, 2022.
For information on how to apply for the Southern California Job Creators Quest grant visit https://foundersfirstcdc.org/socal/?utm_source=inland+empire&utm_medium=email&utm_campaign=socal
