Small Business Start-Up Grant Program
City of Walnut
The Small Business Start-Up Grant is designed to encourage entrepreneurs to support businesses in Walnut. The program provides up to $5,000.00 in grant funds to eligible businesses located in commercial districts within the city limits of Walnut.
Criteria for Participation:
1. The business must be located in an Arterial Commercial District, a Business Commercial District, or a Light Industrial
District.
2. Qualified small business applicants must have gross receipts of less than $350,000 or employ less then the equivalent
of 5 full-time employees. For a small business to qualify as a start-up, a small business must be within the first year of
operation.
3. Applicants must submit a concept document and sufficient financial information to allow the Economic Development
Committee to pass judgment on a letter of application. The Committee may request additional information and requires
that applicants submit a full business plan, balance statement, identification of other funding sources, and other such
information.
4. The business owner must meet with staff of Western Iowa Development Association to review or develop a business
plan and to discuss other possible funding incentives.
5. The business must be in conformance with all regulations, codes, or licensing standards.
6. Once the Economic Development Committee is satisfied that the applicant has fulfilled all requirements, the funding
request will be forwarded to the Walnut City Council for final consideration.
7. The program reimburses expenses and does not advance money without documentation supporting the request for
reimbursement.
8. Other reasonable conditions may be created by the Economic Development Committee at its discretion.