EDGE Grant reopens to aid small businesses [Video]

DOVER – Delaware small businesses can apply to compete for an Encouraging Development, Growth, and Expansion (EDGE) award from the Division of Small Business to help grow their business until March 31.

To be eligible for an EDGE award, a company must be under seven years old and have less than ten workers. Businesses had to be fewer than five years old in prior rounds, but DSB decided to increase this restriction to let more young small firms to apply for investment.

“We know that it may take a few years for some small businesses to get off the ground, especially the businesses in our STEM category,” Division of Small Business Director Regina Mitchell said in a statement. “By expanding the number of years that eligible EDGE grant applicants have been in business, we are hopeful that even more Delaware start-up companies will be able to take advantage of the …