Sharon and the Shenango LaunchBox have opened a grant application process for local entrepreneurs and businesses to request resources from the Sharon Economic Development Fund.

The Sharon Economic Development Fund, to support existing and new businesses that operate specifically within Sharon.

According to a news release from Sharon, the LaunchBox provides early-stage startups with the support and resources they need to build a sustainable and scalable business and a viable plan for growth.

No-cost programs and services include accelerator programs, free legal and intellectual property advice, and expert mentorships from Penn State's extensive network.

"I believe that both the Shenango LaunchBox and the Sharon Economic Development Fund will prove to be a significant part of the dynamic revitalization of the City of Sharon's downtown business district," Sharon City Manager Bob Fiscus said. "Not only will this strengthen our current businesses, but it will also help spur city growth and innovation by attracting new businesses for years to come."

Last year, the LaunchBox and the Sharon Economic Development fund were created from two endowments totaling $4 million from Penn State and the Community Foundation of Western Pennsylvania and Eastern Ohio. 

Startup founders and current business owners can apply for funds to de-risk and accelerate operations on the city's website now. Letters of intent, which is the first step in the application process are accepted on a rolling basis.

RELATED: