Are you a black-owned business owner needing help with funding?
Here are the top grants for black business owners that you should take a look at.
Grants for Black Business Owners
The Grants.gov program management office provides a centralized online location for grant seekers to find and apply for federal funding opportunities. It is managed by the Department of Health and Human Services, and houses information regarding more than 1,000 grant programs from 26 federal grant-making government agencies.
Learn More: www.grants.gov/web/grants/home.html
2. Minority Business Development Agency (MBDA) Business Grants
The MBDA organizes various angel investors with the primary objective of supporting small businesses with minority business grants. This is done via local minority business grant competitions held in nearly every major city through the country.
Learn More: www.MBDA.gov
3. National Black MBA Association (NBMBAA) Scale-Up Pitch Challenge
Do you have an MBA? This annual pitch competition encourages Black MBA members to create startups that are scalable. The competition is hosted by the National Black MBA Association (NBMBAA), a non-profit, 501(c)(3) professional member-based organization which leads in the creation of educational and career opportunities for black professionals.
Learn More: www.nbmbaa.org/scale-up-pitch-challenge/
4. National Institute of Small Business Grants (NISMB)
The National Institute of Small Business Grants created “BusinessGrants.org” – a web site that supplies information empowering prospective and existing small business owners. Their mission is to help as many business owners as possible to understand what business grants are, how to obtain them, and whether or not they should be used for their companies.
Learn More: www.BusinessGrants.org
Visa is offering $100,000 in grants to U.S.-based, black-women-owned businesses as part of a series of recent initiatives to support small businesses. The application process extends through July 31, 2020. The grant program will award 10 $10,000 grants via IFundWomen, with the goal of helping to close the funding gap for the black women entrepreneurs who receive it. Businesses do not have to have employees on payroll to qualify for a grant.
Learn More: www.ifundwomen.com/visa
Check out each of these options to see if you qualify, and apply!
These are just a few of the resources out there for black-owned businesses, and I hope to supply you with more information.
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