Enid Regional Development Alliance is eager to work with existing and new companies to help provide financial assistance for their projects.

Companies may apply for an assistance program unless they have participated in one within the past 24 months. These local assistance programs may not be layered with one another, but are intended to be layered with State and Federal programs. Multi-level marketing businesses are not eligible.

ERDA assistance programs are reimbursable grants. Awarded funds are paid to the business after receipts are received from the company and verified by ERDA. No company or principal owner may receive a grant within 24 months of completing an ERDA assistance program through ERDA. Incentives are awarded first come, first serve until the annual budgeted amount is met each fiscal year.

Requested documents noted on the application with current financial documents will be evaluated by ERDA staff to determine if eligibility criteria have been met before applications are considered by the ERDA Board of Directors. 

Equipment Grant Assistance

The Equipment Grant will pay 50% of new equipment purchase cost with an award of up to $25,000 (whichever is less). Proposed new equipment to be purchased should either increase efficiency for the business by increasing sales with less operational expense or adding a new product line to the business.         

This is a reimbursement grant and payment will be made upon arrival and/or installation of the new equipment and once paid receipts are received and verified by ERDA.

Qualification: Minimum of 7 Full Time Employees whose average pay is equal to or greater than the county median wage and the business must offer medical benefits where the employee pays no more than 50% of premiums. The business must have annual revenues of more than $1 million.

Infrastructure Grant Assistance

Businesses who require new, repaired, or improved, public infrastructure to serve their location (road, water, sewer, broadband) may qualify for assistance of 50% of the total cost up to a maximum of $25,000. Infrastructure must be for infill development only and may not extend the boundaries of existing City utilities.

The infrastructure must be new to the site or expanded to allow the business to do something that would not otherwise be possible. This should lead to increased efficiencies, increased sales, and/or employment.

Qualification: Minimum of 7 Full Time Employees whose county median wage is equal to or greater than $30,000 and offer medical benefits where the employee pays no more than 50% of premiums.

Industry Certification Grant Assistance

The Industry Certification Grant will pay 50% of the cost towards a new national/international industry certification (I.e., ISO9000, HAACP) up to a $5,000 award. Costs may include audit costs, travel and lodging expenses for auditors, or consultants, consultant fees, certification, and application fees. Certification must be business specific and not employee specific.

Qualification: Business must have a minimum of 7 Full Time Employees whose average pay is equal to or greater than $30,000 and offer medical benefits where the employee pays no more than 50% of premiums. 

Small Business Renovation

Small Business Renovation grants are for costs to owned or leased spaces where small business is planned or currently taking place.  Assistance would be 50% of the cost of renovations up to up to a $5,000 award. Funds will be provided as a reimbursement of expenses to renovate, expand, or redesign a commercial, retail, or industrial space. A business must have an official Certificate of Occupancy before reimbursement will be processed. The grant award may be forfeited if all work is not completed within 12 months of the award date and/or within 60 days of receiving the certificate of occupancy.  A 30-day extension may be requested but is not guaranteed.

Qualifications: Maximum of 6 Full Time Employees