Small Business Incentive Program


The City of Anderson is committed to positively impacting the community by providing financial assistance to small businesses that provide a direct benefit to the citizens of Anderson.  The amount of funds available varies from year to year.  This program may be stopped at any time.  The funds used are local Food and Beverage tax revenue.  The Company must make contact with the Small Business Development Center (SBDC) to allow for review of Company's business plan.  You may make an appointment with a SBDC representative by calling 765-282-9950. You may request up to a maximum of $5,000.  Decisions are made on a case by case basis and reviewed by the Economic Development Staff and approved by the Board of Public Works.  All decisions are final. 

Requirements

  • The Business must be located within the corporate limits of the City of Anderson. 
  • The request must be made by a registered business, not an individual. 
  • A federal tax identification number is required. 
  • A project budget with a complete list of expenses and funding must be provided with the application.
  • The Business must not relocate outside the corporate limits of the City of Anderson within 24 months of receiving funds.
  • The City reserves the right to amend the amount requested. 
  • If the application is approved, a final binding agreement will be produced that reflects the agreed upon use of funds and requirements, including payback provisions
Exclusions

The City of Anderson is unable to honor requests or provide financial support to or for the following: 

  • Labor, social or political groups
  • Specific individuals or families unless there is a broader public benefit
  • Payments for religious purposes
  • Debt retirement
  • Adult Uses (as defined by Zoning Ordinance)
Considerations for Approval

  • Number of new jobs being created. Must be associated with either a new start up or an expansion of an existing business.
  • If the project improves the appearance of the surrounding area.
  • If the project is located in an area that is need of redevelopment.  Preference given to companies located on the West, North or Downtown areas. 
  • If the company applying is a targeted industry and helps to diversify the City’s economy.
  • Amount of investment of applicant as percentage of total project.
  • Ability to secure traditional financing.
Additional Information
For additional information regarding the Small Business Incentive or the application process, contact Karen Soetenga in the Economic Development Department, 765-648-6116.

Application Packet  
Small Business Incentive Application Packet