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TN Placemakers Entrepreneurship Fund

What is it?

TN Placemakers Fund is a pool of monetary resources dedicated to assisting communities across the state develop and train entrepreneurs by allowing them to secure funds for three broad and diverse categories of entrepreneurial activities.

Why does it matter?

Resolves confusion and fragmentation relative to TNECD’s entrepreneurship and small business development initiatives by consolidating resources into a single fund.

This increases the overall customer experience by streamlining and simplifying the application process. It reduces time spent on applications to multiple programs over multiple time periods.

Webinar

Recorded webinar here.

PDF presentation here.

Application Deadline

Initially: October 1-December 31, 2018, Rolling Contracts up to 24-month
Months 1-18:  Implementation and utilization
Months 19-24: Observation period, data reporting, and close-out of the grant


Application Amounts

Total available: $1,000,000
Max /Grant: $100,000
Funds may be allocated to one, some, or among all three categories of entrepreneurial activity.
A 10% match required by grantees
 

Information Sessions

City County Region Location Date Time
Winchester Franklin Southern Middle Winchester Livery, 122 N Jefferson St.  Thursday, September 6, 2018 3:00 PM CST
Kingsport Sullivan, Hawkins Northeast Downtown Kingsport Association Wednesday, September 26, 2018 4:00 PM EST
Lawrenceburg  Lawrence Southern Middle Municipal Building, 25 Public Square, Lawrenceburg  38464   Thursday, October 4, 2018 10:00 AM CST
Manchester Coffee Southern Middle The Church, 117 E Fort St., Manchester 37355 Tuesday, October 16, 2018 4:00 PM CST
Somerville Fayette Greater Memphis UT Martin Satellite, 214 Lakeview Rd, Somerville 38068 Thursday, October 18, 2018 10:00 AM CST
Memphis Shelby Greater Memphis AgriCenter 7777 Walnut Grove Rd, Memphis 38120 Thursday, October 18, 2018 2:00 PM CST
Dyersburg Dyer Northwest The Mill, 217 S Mill Ave., Dyersburg 38024 Tuesday, October 23, 2018 10:00 AM CST
Huntingdon Carroll Northwest The Dixie Performing Arts Center, 191 Court Sq, Huntingdon, TN 38344 Tuesday, October 23, 2018 2:00 PM CST
Athens McMinn Southeast Goodfriend Seminar Room in Elliott Hall, 204 East College Street, Athens 37303  Wednesday, October 24, 2018 10:00:00 EST
Sparta White Upper Cumberland Happy Trails Brewing Company, 36 E. Bockman Way, Sparta 38583 Wednesday, October 24, 2018 2:00 PM CST
Centerville  Hickman Southern Middle Emergency Operations Building, 550 Hwy 100, Centerville  37033  Thursday, October 25, 2018 10:00 AM CST
Nashville Davidson Northern Middle NBIC, 1009 3rd Ave N Suite 100, Nashville 37201 Friday, November 9, 2018 10:00 AM CDT
Webinar Online N/A

Recorded webinar here.

PDF presentation here.

Thursday, November 15, 2018 10:00 AM CDT

To RVSP, email Lindsay.Gainous@tn.gov

Assess and Develop

Assessing the small business and entrepreneurship landscape by assisting communities with information gathering and dissemination.

Eligible activities: Determine gaps in the community and ways to close them which may include, but are not limited to, retail development, tourism, agribusiness, coworking spaces, commercial kitchen incubators, entrepreneurship training services, etc.

Maximum funding allocation: $15,000/grantee

Build and Sustain

Increase the success of local small business and entrepreneurs through stabilization and expansion funds to grantees (and subrecipients), directly engaged in small business and entrepreneurial development.

Eligible activities: Furniture, fixtures, and equipment; offset of operational cost to reach sustainability (i.e. rent utilities, installation of technology like gig service into a building without it, etc.), applied primarily to physical locations, such as commercial kitchens, pop-up shops, coworking spaces, etc.

Maximum funding allocation: $75,000/grantee

Education, Resources and Tools

Provide access to education, resources, and tools directly to future and existing small businesses and entrepreneurs.

Eligible activities: Small business and entrepreneurial development activities, including, but limited to, mentor-protégé program, coding classes, popup shops, craft and artisan development (i.e. Etsy), pitch competitions, Co-Starters classes, Economic Gardening.

Maximum funding allocation: $25,000/grantee

Application Period:
Initially: October 1-December 31, 2018, Rolling

Contract length:
Up to 24-months
Months 1-18:  Implementation and utilization
Months 19-24: Observation period, data reporting, and close-out of the grant.

Total Funds Available FY2019:  $1,000,000
Max/Grant: $100,000
*10% match required

Categories:
Assess and Develop:  Maximum funding allocation: $15,000
Build and Sustain:  Maximum funding allocation: $75,000
Program: Education, Resources, & Tools:  Maximum funding allocation: $25,000

Eligible Applicants:
Nonprofit
Educational institution
Government
(ED, chamber , development district, public-private partnership, etc., ...)

How to apply:
Apply on website
Other important dates:
Application webinar – November 15, 10:00 CDT

Download Budget Template

Download Grant Payment Form