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Grant To Small Black Business

USDA Rural Business Development Grants

The United States Department of Agriculture offers Rural Business Development Grants to all non-urban entities. This grants are available to towns and small businesses as well as non-profit corporations. These grants have a value of between $10,000 and $500,000 and can help with real estate, equipment, or the development of business plans.

This applies to all companies, not just minorities. But there are three important qualifications.

  • Employers cannot be more than 50
  • Your annual net revenue cannot exceed $1,000,000
  • You must live in a rural or urban location

The USDA defines rural as an area with fewer than 50,000 people. However, it doesn’t necessarily have to be near an urban area home to more than 50,000 people. Before applying, make sure to check with your state’s USDA Rural Development office.

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Grants for Native American Business Development Institutes (NABDI).

The Office of Indian Economic Development finances feasibility studies to aid tribal leaders in identifying potential economic opportunities and providing documentation to investors and lenders. Most awards range between $25,000 and $75,000, but there is no minimum nor maximum. To apply for federal assistance, fill out the Application for Federal Assistance SF-424.

Small Business Innovation Research and Small Business Technology Transfer Programs

Small businesses have two federal grants available for the development, commercialisation and research of new technology. These grants can be administered by several government agencies such as NASA, the Department of Transportation, or the Department of Defense. A minority-owned business is not required to be eligible. You must have at least 500 employees and be a profit-making organization.

The amount of the award will depend on the research phase. Phase I award amounts range from $50,000 up to $250,000. Phase II awards cost approximately $750,000 and last for two years.

Health and Human Services Department Office of Minority Health Grant Programs

The Office of Minority Health is designed to help organizations use data and develop strategies that positively affect minorities’ health. Grant recipients will focus on minorities’ participation in and/or use of health programs as well as their outcomes. One of the current funded projects focuses on improving COVID-19-related public information about minorities’ health.

National Association for the Self-Employed’s Growth grants

NASE Growth Grants for small businesses are available. They offer $4,000 to small businesses for expansion efforts such as training new employees and expanding marketing. NASE members must be active. An annual, ongoing membership costs $120.

FedEx Small-Business Grant Competition

The FedEx Small Business Grant Contest application window for 2019 has closed. However, the FedEx Small Business Grant Contest application window may reopen February 2020. FedEx will be awarding ten prizes this fiscal year. Grand prize winners receive $50,000 in grant money, $4,000 in FedEx Office printing service and $50,000 in cash. The first place winners receive $1500 in FedEx Office Print Services and $20,000 Cash.

You must reside in America legally, have less than 99 employees and not compete with FedEx for eligibility.

Coalition to Back Black Businesses grants

This program provides financial support for small Black-owned businesses to help them recover after the pandemic. This program provides long-term support and mentorship. The $25,000 enhancement grants are available and the $5,000 grants are also available. The application deadline is September. Grants payments will take place by December.

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Grants for Ureeka PowerUp program

The PowerUp Program is for Latino-owned small businesses located in California, Texas, New York. Grants up to $5,000 include business coaching. This coaching is focused on maintaining financial stability, building a business foundation, and gaining customers.

Chris
Chris
Chris Evan was born in Quebec and raised in Montreal, except for the time when he moved back to Quebec and attended high school there. He studied History and Literature at the University of Toronto. He began writing after obsessing over books.

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