A $50,000 grant to the Entrepreneurship and Innovation Incentive Program is being given to the Development Authority of Cobb County by the Cobb County Board of Commissioners.
The first of its kind in Cobb County, the incentive program provides services, assistance and/or incentives to entrepreneurs and innovators who are in high-skilled fields, helping them grow their businesses, create jobs and maintain their presence in the county.
“This program is an exciting opportunity for both the county and local entrepreneurs,” said Cobb Economic Development Division Manager Michael Hughes. “The Entrepreneurship and Innovation Grant Program opens doors to innovators in Cobb County, bridging the gap between potential growth and a successful venture.”
In February 2018, this program was approved by the commissioners.
This program is funded by the Development Authority of Cobb County (DACC) which was created by the State of Georgia to develop and promote the public good and general welfare trade, commerce, industry and employment opportunities for Cobb.
Led by a board of volunteers, DACC is funded only by service and loan fees related primarily to loan/bond programs that are administered by DACC.
In July 2018, DACC approved $50,000 to fund the Cobb Innovation Fund to help entrepreneurs and innovators in business growth, job creation and maintaining their businesses in Cobb.
In September, DACC awarded a second grant of $50,000 to the Cobb Innovation Fund.
To date, three entrepreneurs have received grant monies from the Cobb Innovation Fund.
Now there are several applicants under review by the newly formed Grant Subcommittee.
The new Grant Subcommittee has representatives from the Kennesaw State University Office of Community Engagement, SelectCobb, Cobb Travel and Tourism, Cobb Young Professionals and The Coalition of Cobb County Business Associations.
Information: CobbCounty.org/economic-development/incentives or email the Economic Development Team at econdev@CobbCounty.org
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