Introduction
In a move to bolster the state’s economic ecosystem, FloridaCommerce has unveiled a substantial financial initiative to support small businesses across Florida.
Key Highlights
- $167 million available for businesses with fewer than 500 employees
- Funds can be used for:
- Start-up costs
- Working capital
- Franchise fees
- Equipment upgrades
- Business expansions
- Previous two years saw $202 million dispersed, creating 4,967 jobs
Conclusion
This significant investment demonstrates Florida’s commitment to nurturing its small business community and driving economic growth from the ground up.
