The Fresh Start Business Grant, explained

The Incfile Fresh Start Business Grant is designed to assist entrepreneurs who are either starting anew or building from the ground up. This grant offers $2,500, which can be used towards various business startup expenses. These expenses include incorporation services in the entrepreneur’s state, registered agent services for one year, the first year’s annual reporting, Incfile’s tax accounting bundle, an EIN number, and setting up Google My Business, if applicable.

Eligibility criteria for applicants include being at least 20 years old, a U.S. resident, and planning to start a new business or significantly grow an existing one. The grant also encompasses free formation services from Incfile, such as state-specific incorporation services, free Registered Agent services for a year, and a free tax consultation.

Applicants are required to complete an online application and submit a short, 2-minute video explaining how entrepreneurship will impact their life. The deadlines for application submissions are March 31st, June 30th, and September 30th each year​

Who can apply for a fresh start business grant?

To apply for a fresh start business grant, such as the Incfile Fresh Start Business Grant, applicants typically need to meet certain eligibility criteria. These can include:

1. Age Requirement: Applicants must be a certain age, often 20 years or older.
2. Residency: Applicants need to be residents of the country where the grant is offered, such as the United States for the Incfile grant.
3. Business Status: The grant is aimed at individuals planning to start a new business or significantly grow an existing business.

Applicants are often required to complete an application process, which may include submitting a business plan, a video explaining how entrepreneurship will impact their life, and other relevant documentation. The specifics can vary based on the grant provider and the nature of the grant program.

The Fresh Start Business Grant, offered by Incfile as part of its Entrepreneur Grant Program, is financed by Incfile itself. Incfile is a company specializing in online business formation and startup services. The grant, along with the Young Entrepreneur Scholarship Grant, is part of Incfile’s initiative to support entrepreneurial endeavors by providing funding and business consultation. This initiative reflects Incfile’s commitment to fostering the entrepreneurial spirit and helping turn big ideas into reality​​.

For more detailed information about the funding source or specifics of the grant, it would be advisable to directly contact Incfile or consult their official announcements and press releases.

Recipients of the Incfile Fresh Start Business Grant receive several forms of support to help them start or grow their business. This includes:

1. Financial Support: A grant of $2,500 to put toward business startup costs.
2. Business Formation Services: Including incorporation services in their state.
3. Registered Agent Services: Free for the first year.
4. Annual Reporting: Coverage for the first year.
5. Tax and Accounting Services: Access to Incfile’s tax accounting bundle.
6. Employer Identification Number (EIN): Assistance with obtaining an EIN.
7. Google My Business Setup: Help with setting up a Google My Business account, if applicable.
8. Free Tax Consultation: To aid in the financial planning of the business.

These resources are designed to provide comprehensive support to new entrepreneurs, covering various essential aspects of starting and running a business.