EVOLVE Business and Entrepreneur Magazine Space Coast Region - June/July 2025 | Page 32

EVOLVE NEWS

State Programs Help BUSINESSES SHINE IN THE SUNSHINE STATE

The Office of Small Business Innovation at the Florida Department of Commerce offers business owners in the Sunshine State several options for financing business creation or expansion. According to information on the agency’ s website, the programs promote economic prosperity for Florida’ s small businesses through economic development programs to further diversify Florida’ s economy and create future resiliency.

“ These programs provide newly established or growing small businesses with access to capital, technical assistance and business management training to foster vibrant and healthy communities,” the agency said.
The programs offer several advantages to businesses, including increased access to affordable long-term capital without the high down payment requirements often associated with conventional financing programs; eligibility for newly established or growing small businesses; flexible use of funds –

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