Thank you for taking the leap into entrepreneurship!
The City of Attleboro launched the Downtown Business Revitalization Project to assist local entrepreneurs, fill vacant storefronts, and expand available downtown retail and service options as the City’s residential population grows. Five selected businesses will receive grants of up to $20,000, as well as wraparound support services.
In partnership with HarborOne U, the Massachusetts Small Business Development Center, SCORE, and the United Regional Chamber of Commerce, the City has developed a program to train, support, and fund small storefront businesses interested in locating in Downtown Attleboro. The goal of the program is to cultivate businesses for long-term success and create a vibrant urban core while multiple residential development projects reach completion.
All participating businesses will receive training through HarborOne U and business plan review services through the MSBDC and SCORE. Five selected finalists will receive a cash grant, reduced or waived permitting and inspection fees, a one-year membership to the United Regional Chamber of Commerce, and an experienced business mentor through SCORE.
Funded through an Urban Agenda Grant issued by the Massachusetts Department of Housing and Community Development, business grants will be awarded as follows:
1st place: $20,000
2nd and 3rd place: $10,000 each
4th and 5th place: $5,000 each
Step 1: Training
Online training courses will be available in English and Spanish through the month of July. Please register through our partner, HarborOne U, at the following link: https://www.grantrequest.com/SID_5671?SA=SNA&FID=35038.
Below you can find links to each training video, in English and Spanish. Please be sure to register at the link above to enter the competition, even if you are seeking a waiver of the training requirement or if you have completed all videos. The access password for all training videos is @Harbor1U.
English version of Recordings:
1) Topic: Success for Small Business – Planning for a Healthy Business
2) Topic: Success for Small Business – Personal Credit & Banking Services
3) Topic: Success for Small Business: Marketing Your Business
4) Success for Small Business: Record Keeping & Financial Management
5) Topic: Success for Small Business: Cash Flow and Business Plans
Spanish Version of Recordings:
Topic: Éxito para pequeños negocios – Success for Small Business (SSB) (Taller de 3 Noches)
Step 2: Business Plan
Our partners recommend the following resources to create your business plan.
SEED Corp Guide: https://seedcorp.com/wp-content/uploads/Business-Plan-2012-F1.pdf
SCORE Template: https://www.score.org/resource/business-plan-template-startup-business
After you have completed a draft of your business plan, schedule an appointment through Catherine Feerick to meet with MSBDC or SCORE to review your business plan. This step is highly recommended, even for seasoned business owners. Final business plans are due by September 30, 2020.
Step 3: Presentation
The Selection Committee will host a virtual or in-person presentation for all eligible businesses in the month of October. You will have a chance to introduce your business concept, answer questions from the committee, and hear other concepts for Downtown Attleboro businesses. Representatives from each of the program partners will sit on the committtee – including MSBDC, HarborOne, SCORE, the City of Attleboro, and the United Regional Chamber of Commerce.
Awards and Start-Up
The Selection Committee will announce program winners by the end of October 2020. Businesses will have through the end of the year to find an appropriate storefront for their business in Downtown Attleboro. It is hoped that all new businesses will open by spring of 2021.
The competition is open to regional entrepreneurs, you do not need to be a resident of Attleboro to participate.
You must demonstrate the creditworthiness or adequate cash reserves to start a business in order to participate, as determined by a preliminary screening and one-on-one conversation.
Office-based and industrial businesses are not eligible for participation. This program seeks to expand retail and service-oriented businesses that occupy traditional storefront spaces, such as cafes, book or clothing stores, bars or restaurants, and other similar uses.
Existing business owners with storefronts in other communities who wish to expand into Attleboro are welcome to participate. However those who already operate a business in three or more locations are ineligible.
To participate in the competition, you must agree to locate within Downtown Attleboro as defined through the boundaries of Attleboro’s Transformative Development Initiative. The Committee will consider reasonable locations beyond these boundaries on a case-by-case basis.
Participants with three or more continuous years of business ownership within the last ten years may request a waiver of the training requirement. Please email email@example.com with your request.
Grant funds will be issued upon the signing of a commercial lease for a Downtown Attleboro storefront. Grantees will be required to submit a quarterly report on business activities and the use of funds.