Philadelphia Business Catalyst Fund Program
The Philadelphia Small Business Catalyst Fund is a $5 million investment designed to accelerate the growth of small businesses and entrepreneurs across the city. The Catalyst Fund focuses on businesses in underinvested neighborhoods. Support includes:
- Funding.
- Business education.
- Strategic guidance.
- Technical support.
Grants of up to $50,000 per business will be awarded based on demonstrated need, growth potential, and economic impact. The Philadelphia Small Business Catalyst Fund is an initiative of the Department of Commerce fueling collaboration and business growth citywide.
Eligibility:
Businesses that generated a maximum $2 million in revenue in 2024 can apply for funding. The business must also be:
- Located in Philadelphia.
- Up to date on City taxes or have an approved tax payment agreement.
- Registered and licensed with the City of Philadelphia.
- Able to accelerate business goals with targeted funding and support.
Applicants need to show:
- Strong growth potential with a clear expansion plan.
- Contribution to local economic impact, such as strengthening Philadelphia neighborhoods and creating jobs.
- Resilience and innovation despite challenges accessing traditional funding.
Apply with the Expression of Interest Form HERE