In this article, we share with you some of the latest grants for Black female businesses. We have been sharing some of the grant opportunities as they have been released on our FB page. The Women’s Center for Entrepreneurship is empowering minority and BIPOC-owned businesses throughout the year with webinars and programs focused on helping small businesses and solopreneurs succeed. In response to the nationwide call for social and racial justice, WCEC has made it part of its mission to support minority-owned small businesses and marginalized communities who often have limited access to Covid relief resources.
The Covid Crisis
According to a June report from the National Bureau of Economic Research, 41% of Black-owned businesses have closed during the COVID-19 crisis, largely due to a lack of resources and access to capital. Because of this statistic we’ve been compiling alternate ways for women to make money and grow their wealth. So without further ado, here are the latest grants for black female business owners:
Latest Grants as of 2.28.21
- Greater Newark Enterprises Corporation (GNEC) DreamMaker Loan – Certified CDFI set aside $50,000 to offer DreamMaker Loans to businesses specifically affiliated with Women’s Center for Entrepreneurship. Approximately 10 loans of up to $5,000 will be made subject to underwriting criteria in 2021. Eligiblity: Black, Hispanic, Native American, or Asian business owners located in Northern NJ. Deadline: Rolling until allotted amount dispersed. www.gnecorp.org
- Comcast Rise Program – Multi-year program providing marketing, creative, media, and technology services to Black, Indigenous, and People of Color (BIPOC)-owned small businesses. Eligibility: At least 51% Black or BIPOC owned and operated. Independently owned and operated for at least 1 year and located within COMCAST effective service area. Deadline: Apply online by May 7. https://www.comcastrise.com/apply/
- 1863 3Rs Grant Program – Offering $500K in grants for Recover, Rebuild, Resilience – help for businesses overcoming persistent structural barriers faced due to race and/or gender during the short term uncertainty driven by COVID-19. Eligibility: Black-owned, for-profit business. Must complete required training and coaching course Compete for $5,000 grant per team. Deadline: Apply online by June 1. https://www.1863ventures.net/
