THRIVE Grant

THRIVE Grant

Status: Currently unfunded

Partner: Fifth Third Bank

Overview:
The THRIVE grant is a business development grant designed for established businesses wishing to relocate or expand into Walnut Hills. The grant is offered in partnership with Fifth Third by the Walnut Hills Redevelopment Foundation.

Geographic Scope: Peebles Corner business district, Walnut Hills

Award Amount: $3,000 - $15,000

Eligible Businesses Must:

Locate in the Peebles Corner business district

Be willing to commit to staying for three years

Have a business plan

Have three years of projected financial statements

Have three years of prior financial statements (if an existing business)

Have a signed lease (or ownership) of the space in which the THRIVE grant will be invested

Have a dream that just needs a nudge to THRIVE

Restrictions:

Funds may NOT be used for operating expenses

Additional Benefits:

Recipients may be eligible for other financial products to help their business THRIVE

Selection Process:

Applications are reviewed by the WHRF

A committee representing the Walnut Hills community votes on applications

Committee determines which businesses receive grants

Fund Use:

Recipients sign a contract detailing their planned use of grant funds as reflected in their application

Contact Information:
Walnut Hills Redevelopment Foundation

Phone: Available upon request

Website: walnuthillsrf.org

Organization:
Walnut Hills Redevelopment Foundation - a non-profit community development corporation