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Inside the world's best city for business where 244,000 millionaires and 30 billionaires live

Philadelphia launches $5M Small Business Catalyst Fund to help local entrepreneurs

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Philadelphia officials announced new finding to help small businesses and entrepreneurs grow in the city. The Philadelphia Small Business Catalyst Fund is a $5 million investment that aims to boost Philadelphia's business environment and reduce barriers.
The City of Philadelphia has launched a $5 million Small Business Catalyst Fund aimed at supporting local entrepreneurs, particularly those in underserved communities. This initiative, announced by Mayor Cherelle Parker, seeks to provide financial assistance to small businesses to help them grow, create jobs, and stimulate economic development. The fund will offer grants and loans to businesses that might not qualify for traditional bank financing, focusing on sectors like retail, food services, and creative industries. The program is part of a broader strategy to revitalize commercial corridors and foster an inclusive economic environment, with applications expected to open in the coming months.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/money/small-business/philadelphia-launches-5m-small-business-catalyst-fund-to-help-local-entrepreneurs/ar-AA1yHSaH ]