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Grants

Rock Solid Grant Program - Applications Closed

Grant applications for the Rock Solid Fund are now closed. Thank you to the 38 Nantucket businesses who applied. We will be reviewing the applications during the month of March and plan to inform applicants of the decisions on March 29. Please note that with 38 applications and so many great ideas, we are not able to fund everyone. Thank you.

The Rock Solid Fund, administered by the Nantucket Chamber of Commerce provides grants to Nantucket-based small businesses to ensure their contribution toward a strong island economy. Ideally applicants will use funds to execute an innovative project to ensure the growth and economic stability of their own business while creating a positive role model for others in the entrepreneurial community.

For more information about our grants, please email grants@nantucketchamber.org

General Qualification Criteria

  • The current or proposed business must be for-profit, with primary operations on Nantucket.
  • If the application is for an existing business, it must have generated revenue and profit in the previous calendar year.
  • If the application is for a new business, there must be a well-developed business plan for producing revenue in the current calendar year.
  • Businesses that have received prior grants are eligible, although priority will be given to those who have not already benefited from this grant program.

Application Process and Timeline

The Chamber is utilizing an online system for the submission of grant applications.  All applications must go through this system - PDF or word document versions will not be accepted as in the past.  Also new for this year, a Spanish-language version of the application is available through this system.
  • Thursday, February 1: Application process opens.
  • Thursday, February 29: Grant applications are due by 5:00 p.m.
  • Friday, March 29: Applicants will be notified if they are receiving an award

Use of Grant Proceeds

Grant proceeds must be used for a specific project that will significantly increase the likelihood a new business will launch successfully, or an existing business will grow.  Some examples of projects that would be strong contenders for this program include:

  • Upgrading point of purchase or inventory management technology/systems;
  • Establishment of new points of sale such as e-commerce, or new services such as off-premise consumption;
  • Purchase of equipment that will enable more efficient manufacturing/production;
  • Purchase of equipment or technology, or other innovative ways to offset seasonal staffing challenges;
  • Innovations that reduce the businesses reliance on goods/products that contribute to island waste;
  • Critical startup needs such as legal entity selection and filings, patents/IP protection, accounting setup, corporate website development, or target market research;
  • Market research and prototyping of a new product/service;
  • Tuition assistance for professional development and training programs to enhance business operations;
  • Participation expenses to attend tradeshows or national competitions that will raise visibility for the business’s products/services beyond Nantucket.

Grants may not be used for:

  • Paying off existing debt or projects initiated prior to this grant cycle.
  • Deposits for property lease or purchase.
  • Standard operating expenses such as payroll, rent, utilities, basic goods/services/supplies.
  • Standard advertising and marketing initiatives.

Important Information

Rock Solid grant funds will not be awarded to the grant recipient until an approved project plan, expense reimbursement form, and supporting purchase orders or receipts are submitted. Funds are not distributed in advance. Unused grant funds will be retained by the Rock Solid Fund and used for future rounds.

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REMAIN NANTUCKET FUND GRANT

The Remain Nantucket Fund provides grants to Nantucket nonprofits. Remain’s charitable activity helps to envision and empower a prosperous future for the heart of Nantucket, tapping the Island’s extraordinary resources: its people and strong tradition of independence, innovation, and conservation.

ELIGIBILITY AND CRITERIA FOR APPLYING FOR A REMAIN NANTUCKET FUND GRANT

The Remain Nantucket Fund provides grants to organizations with 501(c)(3) tax status, municipalities, or religious organizations that deliver programs and services to Nantucket residents. The Remain Nantucket Fund is looking for applications that meet one of the following:

A. Enhance Nantucket’s Cultural Vitality: Program Grants

  • Boost cultural activity island-wide.
  • Non-profit / private collaborative programming

B. Encourage Better Leaders and Organizations: Professional Development Grants

  • Leadership and governance training
  • Finance management training or tools.
  • Fund-raising or strategic planning consulting
  • Feasibility studies

C. Support Environmental Sustainability: Project Grants

  • Green or sustainable projects such as LED lighting and innovative technology.
  • Feasibility studies or planning for critical green sustainable projects.

ReMain will not support general capital campaign requests.

* Organizations may only apply for ONE grant per category.

In addition, there are restrictions on the scope of activities the Remain Nantucket Fund can support. In general, the Remain Nantucket Fund grants are not awarded for:

  • Unrestricted general operating expenses
  • Religious organizations for religious purposes
  • Umbrella funding organizations that intend to distribute funds at their discretion
  • Capital campaigns
  • Political lobbying or legislative activities
  • Individuals

The Foundation will award grants only to organizations that have met all the deadlines for project reporting, follow-up, and accountability for any previous grants from the Foundation.

The application for this grant is on the Community Foundation for Nantucket website here: https://cfnan.org/receive/remain-nantucket-fund/