What all black minority business grants are available to the US citizens

by Government Grants Owner

A large part of the racial mix of the United States consists of African Americans, who are encouraged by the federal and state governments to advance rapidly by utilizing the opportunities offered to them by way of black minority business grants. As one of the basic tenets of America’s philosophy as a nation is to promote equality across races and skin colors, government and private organizations in the US provide grants to promote economic growth and peaceful co-existence among various sections of the US population.

Small Business Administration (SBA) provides black minority business grants, in order to limit competition for certain contracts to participating businesses, allowing them to become solid competitors in the federal marketplace. HUBZone program aims to limit competition for certain contracts in historically underutilized business zones. At least three percent of federal contract dollars are awarded each year to HUBZone-certified companies. The Coalition to Back Black Businesses provides black minority business grants to businesses located in economically vulnerable communities and employing between three and 20 people. Qualifying businesses can receive $5000 grant, along with mentorship and training.

Grants by SBA and NAACP

SBA Mentor-Protégé Program enables eligible small businesses (protégés) to get valuable business development help and win government contracts through partnerships with more experienced companies. Some scholarships and grant opportunities are offered to deserving African American students to obtain higher education, which includes UNCF and NAACP scholarships, Ron Brown Scholarship Program, Thurgood Marshall Scholarship Fund, and more. Kinetic Business Black Business Support Fund offers grants of up to $2500 to support black-owned small businesses. PowerShift Entrepreneur Grants are offered to twenty black entrepreneurs each year, wherein black entrepreneurs get a chance to win $25,000 to grow their businesses.

More grant opportunities by federal and state governments

As grants are such an attractive funding source, you will likely face a lot of competition during the application process itself. Add to this, grants are not always well publicized and may have a short application window. You can learn about black minority business grants by visiting the grants.gov website, and other federal, state, and local government agencies, and private organizations. You can also network with fellow small business owners and tap resources from organizations and agencies like Minority Business Development Agency (MBDA), National Minority Supplier Development Council (NMDC), Small Business Innovation Research (SBIR), Small Business Technology Transfer (SBTT), among others.

Get monthly access to updated grant opportunities

You also need to apply for grants in the correct format, and with the correct information, to win the grant award. governmentgrants.Us provides a one-stop source of information for all black minority business grants, and other grant opportunities like women-owned business grants, childcare grants, first-time homebuyer grants, Pell Grants, commercial property grants, and more. By just paying one-month membership fee of $29.95, you can get updated and accurate information about various grants that you can apply for.

governmentgrants.Us will also help you with writing grant application. This membership comes with a guarantee wherein governmentgrants.Us will refund all your membership fees immediately if your grant application is rejected. You just have to provide a copy of the rejection letter to governmentgrants.Us within 90 days from the date you register to submit your refund.