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Regional Economic Development Inc.

2026 Small Business Grant

Supporting locally owned businesses in Columbia, Missouri.
The Small Business Grant Program will be administered in three phases:  

Phase One:  Eligibility Determination

Phase Two:  application evaluation 

Phase Three:  In-person finalist interviews







About the Grant

The 2026 Small Business Grant is designed to help locally owned, for-profit businesses grow, innovate, and improve operations. This competitive grant prioritizes businesses owned by residents of economically disadvantaged areas* in Columbia and supports long-term community impact.

Grant Awards
6 grants of $5,000
2 grants of $10,000

This program is funded by the City of Columbia and administered by REDI.  Phase One applications will be added to this website at 9:00 AM on Friday, April 3rd, 2026.
*Determined by the area's average median income. See map for details.

Eligibility Requirements

To be eligible, your business must:

* Be a for-profit entity, registered in Missouri
* Be located in Boone County and licensed to operate in Columbia, MO
* Have 10 or fewer employees (FTEs)
* Have gross sales under $250,000 in the past 12 months
* Be willing to work with a REDI business coach
* Have or open a business bank account by Phase Two of the application process


Not eligible, if your business is a franchise or a sole proprietor, not registered with the secretary of state.

Those who received a REDI MBE Grant in 2024 or the 2025 Small Business Grant are not eligible for the 2026 Small Business Grant.
DOWNLOAD: Grant Scoring Details & Rubric

2026 Grant timeline

Monday-   March 16th:      In-Person Pre-Application Informational Session   2:30–4:30 PM  at REDI  500 East Walnut, Suite 103
Thursday- March 19th:      Virtual Pre-Application Informational Session 5:30–7:00 PM
Register for informational sessions by emailing:  columbiaredi@gmail.com  

Friday-         April 3rd:      Phase One Opens, at 9:00 AM
Tuesday -    April 14th:      Phase One Closes, at 5:00 PM

Thursday -  April 16th:      Eligibility Notifications Sent

Monday -  April 20th:        Phase Two Application Opens, at 9:00 AM
Wednesday- May 6th:        Phase Two Closes, at 5:00 PM

Thursday-   May 14th:       Notifications sent to applicants advancing to Phase Three
Monday through Wednesday, May 25th through 27th:   In-Person Applicant Interviews

Friday -       May 29th:     Grant Winners Notified

Monday-      June 1st:     Grant Winner Orientation Meeting, 5:30-7:00 PM at REDI  500 East Walnut, Suite 103
  
Friday -        June 12th:   Grant Award Distribution and Celebration Luncheon

Process

Pre-Launch: Check Eligibility; Learn More
Each year, in preparation for the grant application process, REDI offers workshops to help applicants present their best case. Each of these workshops helps a business owner prepare to succeed. 

March 16th, 2026 : In-Person Informational Session at REDI (2:30–4:30 PM)
March 19th, 2026:  Virtual Informational Session (5:30–7:00 PM)

email:  columbiaredi@gmail.com to resigster for an informational session
1 Million Cups gathering inside REDI
Phase 1: Initial Application

Upload business documents.
Confirm your business structure, license, and EIN.

Eligible applicants advance to Phase 2.
Phase 2: Submit Written Application

Describe your business background, team, and how you'll use the grant.
Applications scored out of 100 points.
Applicants from select census tracts receive 15 bonus points. Check your census tract
Group of 10 people in two rows holding a mocked-up giant check for $5,000
Phase 3: Interview with Judges

30-minute virtual or in-person interviews;

Scoring Details:
Interview = 75 Points Possible
Final score: Phase 2 + Phase 3 = 175 Points Possible

Criteria for ten finalists

Top 2 Highest Scores:
Applicants receive $10,000 each

Next 6 Highest Scores: 
Applicants receive $5,000 each
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