The Catalyst Fund

Fueling the growth of small businesses and entrepreneurs in Philadelphia.

About

The Philadelphia Small Business Catalyst Fund is a $5 million investment designed to accelerate the growth of small businesses and entrepreneurs across the city. Support includes funding and strategic guidance.

Grants of up to $50,000 per business will be awarded based on demonstrated need, growth potential, and economic impact. The Philadelphia Small Business Catalyst Fund is an initiative of the Department of Commerce fueling collaboration and business growth citywide.

Connect

Address	Department of Commerce 1515 Arch St., 12th floor Philadelphia, PA 19102
Email	catalyst@phila.gov
Social	Facebook Twitter Instagram

Eligibility

Businesses that generated under $2 million in revenue in 2024 can apply for funding. The business must also be:

Located in Philadelphia.
Up to date on City taxes or have an approved tax payment agreement.
Registered and licensed with the City of Philadelphia.
Able to accelerate business goals with targeted funding and support.

To learn more about what businesses are eligible to apply, see our FAQs.

Applicants need to show:

A clear expansion plan.
Contribution to local economic impact, such as strengthening Philadelphia neighborhoods and creating jobs.
Resilience and innovation despite challenges accessing traditional funding.

Eligible expenses

This grant is designed to support most capital and operating expenses. You cannot use this funding for expenses including, but not limited to:

Routine operating costs, such as rent, payroll, past-due bills, or debt payments.
Real estate acquisition.

To learn more about what you can use this funding for, see our FAQs.

Apply for funding

You can apply to the Catalyst Fund using the online form.

External link Go to the form

Resources

Financial support programs