California-Based Small Businesses to Receive Grants From California Dream Fund Program

By: Sharjeel Sohaib

• 

Mar 26, 2022

 • 

California Dream Fund

Utilize Our Platform

The California Dream Fund Program is a one-time $35 million grant program that will provide microgrants to seed entrepreneurship and small business creation in California.

We Covered this in our Weekly Wire Roundup

Grant Amount and Qualification Criteria

The grants range between $5,000-$10,000 per eligible small business.

Small startup businesses must complete a rigorous training and consulting program with one of 17 technical assistance centers selected from CalOSBA’s Technical Assistance Expansion Program (TAEP) network.

Businesses that complete the program and qualify for the grant will be eligible to receive a microgrant of up to $10,000. Lendistry has been selected to administer the grantmaking process.

  • An established business entity after July 1, 2019
  • Complete a defined small business/entrepreneurship curriculum and one-on-one counseling
  • Complete our 90-day accelerator and commit to one year of technical assistance
  • Acquired the necessary permits and licenses to operate legally
  • Meets one of the following conditions 👇
  1. Has made the first sale
  2. Has hired at least one employee
  3. Has opened a bank account
  4. Completed business plan

The California Office of the Small Business Advocate (CalOSBA) recently announced grant awards to the California Dream Fund Program’s technical support and grantmaking partners. The California Dream Fund is a $35 million one-time grant initiative that will give microgrants to encourage entrepreneurship and small company formation in the state.

The Dream Fund Program

To be eligible for the Dream Fund program, small startup enterprises must complete rigorous training and consulting programs with one of 17 technical assistance centers selected from CalOSBA’s Technical Assistance Expansion Program (TAEP) network, such as LA SBDC

New firms from Los Angeles, Ventura, and Santa Barbara counties are welcome to apply for the LA SBDC’s Dream fund training program.

Please note that participation in the training program does not guarantee funding. The LA SBDC does not support these awards and does not decide which businesses will be funded or how much money will be given out.

The actual training program for the LA SBDC will begin in the Spring of 2022. To learn more about this unique new training and microgrant program for California entrepreneurs, fill out this form.

Businesses that complete the program and qualify for the grant will be awarded a microgrant of up to $10,000. 

“Access to capital is critical for small business success, and when matched with Technical Assistance, it can make the difference between success and failure for small businesses and entrepreneurs, especially those who are under-resourced to start. California’s stellar TA network is uniquely qualified and well-positioned to provide services to diverse groups and communities across the state.” 

Tara Lynn Gray, Director of CalOSBA

CalOSBA’s current technical support network, which is concentrated on the TAEP and Capital Infusion (CIP) programs, is expanded by the Dream Fund. Since its inception in 2018, TAEP and CIP-funded technical support centers have provided free advising and no-to-low-cost training in over 30 languages to over 500,000 small enterprises.

For additional information and the TAEP network, go to CalOSBA’s website.

The Governor’s Office of Business and Economic Development (GO-Biz) is California’s principal job creation and economic development agency. GO-Biz provides various services to businesses, including recruitment, retention, expansion, site selection, permit expediting, regulatory obstacle clearing, small company aid, foreign trade development, state government assistance, and more.

About CaIOSBA

The California Office of the Small Business Advocate (CalOSBA) promotes economic growth and innovation by ensuring that California’s small companies and entrepreneurs have access to the knowledge, tools, and resources to effectively plan, start, manage, and expand their firms. The CalOSBA’s mission is to raise their voices in state government and lobby on their behalf to guarantee that all aspiring and present small business owners and entrepreneurs have access to finance, markets, and the networks and resources they need to thrive.

To know more about the California Dream Fund Program, please follow this link: https://smallbizla.org/dreamfund/#dreamfundfaq.

0 Comments

Submit a Comment

Connecting you with the best startups, people & events in the Inland Empire.

Support Startup News & Media!


Enjoying the startup news & media? Support us!

We have big plans, and we need your help!

Startempire Wire is a community of people working together to promote innovation, entrepreneurship, and investment in the Inland Empire. We provide resources and connect people with the startup culture.

We believe that the Inland Empire has all of the ingredients for success. This region just needs a platform to show the world what it can do – And this is exactly what Startempirewire.com is doing. Our goal is to act as a megaphone to connect the dots between the best startups, events, and people in the Inland Empire.

We have big plans, and we need your help! If you are passionate about creating a thriving local startup ecosystem, then we would like to invite you to join in contributing to the community by supporting us. You can do that by supporting us financially or by being an active contributor. In return, we will give you (depending on sponsorship level) free access to our content, other level based perks &  the opportunity to connect with a network of passionate people working to build a better future for all of us.

We cover the good and the bad of entrepreneurship, startups & business events; we do it with passion and purpose. If you like what we do, support us & please consider becoming a patron. Your support is essential for independent local startup media to survive & thrive.

You can make a regular one time donation to become a sponsor at any level, or you can choose to become a monthly or event sponsor.  Every little bit counts! Thank You

Verious B. Smith III

Founder, Startempire Wire

Related Articles

OASIS Challenge: Showcasing Innovation in Sustainability

OASIS Challenge: Showcasing Innovation in Sustainability

RIVERSIDE, CA – The Southern California OASIS™ Challenge Pitch Finals, a much-anticipated event in the sustainability sector, is set to take place, spotlighting six innovative Inland Empire companies. These finalists, vying for $100,000 in grants and invaluable...

Stay Up On Startempire News

Access Premium Content

Startempire Wire premium content access is free during the beta period of our  website.  Join during beta and get a grandfathered discount when we launch.

$5 for first month then $15 per month

Get Every Update

Would you like to receive Startempire Wire updates in your inbox? Subscribe below!

"*" indicates required fields

This field is for validation purposes and should be left unchanged.

Follow Us

Follow Startempire Wire on other social media channels.

0
My cart
Your cart is empty.

Looks like you haven't made a choice yet.