Top 5 Minority Small Business Grants You Didn’t Know Existed
Starting a small business can be an arduous task and finding the right financial support even more challenging. However, there are grants available specifically for minority-owned small businesses that can help provide the necessary funds to get started. In this article, we will explore the top 5 minority small business grants that you may not have known about.
Grants for Minority Small Businesses
1. National Association for the Self-Employed (NASE) Growth Grants
The National Association for the Self-Employed (NASE) provides growth grants of up to $4,000 to minority small business owners to help with the expansion of their business. The grants are awarded on a quarterly basis and can be used for equipment, training, marketing, and other business expenses.
2. FedEx Small Business Grant
FedEx provides an annual grant of up to $50,000 to small businesses, including minority-owned businesses. The grant is awarded based on innovative ideas that can help grow a small business and improve its chances of success.
3. Minority Business Development Agency (MBDA) Business Center Grants
The Minority Business Development Agency (MBDA) provides grants to minority-owned small businesses through various business centers across the country. The grants can be used for a variety of expenses such as marketing, advertising, and research and development.
4. Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs
The Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs provide funding to small businesses, including minority-owned businesses, for the development and commercialization of innovative technologies.
5. Amber Grants
Each month, the Amber Grant gives out a $10,000 grant to a woman-owned small business. While it is not exclusively for minority-owned businesses, it provides an opportunity for female entrepreneurs, including minority women, to receive funds to support their business.
Conclusion
These top 5 minority small business grants not only provide funding but also much-needed support for entrepreneurs looking to start or grow their businesses. With the increasing number of grants and assistance programs available to minority small business owners, there has never been a better time to bring your ideas to life. By exploring these grant opportunities, you can take your business to the next level and achieve success.
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