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California Dream Fund Grant Program 2022
THE APPLICATION PERIOD IS NOW CLOSED
THANK YOU FOR YOUR INTEREST IN THE DREAM FUND PROGRAM.
PLEASE REFER TO THE PACE BDC WEB PAGE FOR ADDITIONAL OPPORTUNTIES AND RESOURCES
PACE Business Development Center, in partnership with CalOSBA, program administrator, is
providing micro-grants of up to $10,000 to seed entrepreneurship and small business creation
in CA. The Dream Fund Program is designed to incentivize new business starts, especially in
underserved communities,* through the distribution of micro-grants targeted at helping small
businesses** and entrepreneurs start, grow, and expand their business.
The Dream Fund has seen incredible amounts of interest, and grants are awarded based on funding availability and eligibility. Due to an overwhelming amount of interest in the program, not all applicants that are eligible will receive funding at this time. Receiving a code, submitting an application, and/or being fully validated does not guarantee an applicant will receive a grant award.
Submitted applications will be placed on an eligibility review list in the order received. Once
eligibility is determined, applicants will be notified via email – this will be approximately two (2)
weeks after application submission. If an applicant is deemed eligible, the email will also
include information on next steps and requirements in order to receive the grant. All trainings,
consultations and technical assistance must be completed, and all required documentation
must be submitted, before grants can be dispersed.
*PACE strongly encourages applicants from underserved small business groups that face capital and opportunity gaps. These groups include, but are not limited to: women; people of color; veterans; individuals with limited documentation; individuals with limited English proficiency; and entrepreneurs and small business owners located in low-wealth and rural communities.
**For the purposes of this grant, a “small business” is defined as a business with five (5) or fewer employees, not counting the owner, and $1 million or less in annual receipts.