Welcome to Durham Business 360 - the City’s best resource for small business owners! Here you’ll find all the tools and resources you need to start and grow your business, as well as contracting information,financing opportunities, and the latest news that matters most to you and your business.
The City of Durham and its Small Business Advisory Committee are here to ensure you have all the resources you need
We are excited to announce that Fearless Fund and Amazon's Black Business Accelerator are partnering to launch the Black Women Entrepreneurs Grant Program! As you know, Black Women Owned businesses are vital to our economy, yet there is a barrier to accessing capital needed to build and scale. It is time to change the narrative. The program will award 75 Black women-owned consumer product based small businesses grants ranging from: $10,000-$20,000. In addition, grantees will be enrolled into Amazon’s Black Business Accelerator in order to receive financial support and strategic business guidance. Applications will close 12/27/2022. All applications will be reviewed, and grant winners will be notified the week of January 23, 2023. For the application and more information, visit this website.
First Cohort of "Momentum Financial Academy: Microenterprise Edition" Graduates!
Congratulations to the graduates of Momentum Financial Academy: Microenterprise Edition! All seven graduating business-owners completed a four-week intensive course to establish key financial skills for growing and sustaining their microenterprise (a business with 5 employees or fewer) here in Durham. The graduates will now have the opportunity to apply for free accounting software and a grant of up to $20,000 from the City thanks to a program created by the U.S. Department of Housing and Urban Development. For more information about the program and to see if you qualify for a future cohort, please visit our Momentum 360 page.
Milestone! $1 Million in Small Business Lending!
Initially established as the Small Business Recovery Fund during the height of the COVID-19 pandemic, the Durham Small Business Opportunity Loan Fund recently crossed the $1 million lending milestone in its quest to help with the shifting small business landscape and changing needs of Durham’s entrepreneurs. There are still opportunities for businesses to receive financing through the program. Eligible businesses are those with fewer than 50 employees, including home-based businesses and food trucks, which are subject to additional criteria. Loans are only available to businesses with revenues up to $5 million according to their most recent tax filing. Read more.
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