Numerous opportunities are available for black women to open a business with the help of government grants. Finding a grant that is specific to your needs is important to write a proper grant proposal and to actually have a chance of receiving a grant.
Small Business Administration
- Quite a few websites are dedicated to listing available grants to women. One place to look for grants for black women is the Small Business Administration website. The SBA gives away grants to help women facing obstacles in starting up their businesses. The site provides a way to look into general categories---as well as non-general categories---that fit the type of grant you are looking for. In this case, it would be grants for women or minority grants.
Women's Business Grants
- The Women's Business Grants website, run by the Women's Finance website, is another place to look for grants for black women starting a business. Available grants range from grants for single mothers to grants for minorities to grants for illegal immigrants. Doing some quick research on these grants before applying is recommended. Always check the validity of the grant resource before sending any money to them. Beware: Scams exist to prey on unsuspecting grant seekers.
United Negro College Fund
- The United Negro College Fund offers a social entrepreneurship grant for African Americans who are recent college graduates who have the skills and abilities to succeed in the business world and can make a positive and ongoing social impact. The UNCF also gives away grants to college-graduating seniors. This program strongly encourages students from historically black colleges (HBCs) to apply for these types of grants.
AAUW
- The American Association of University Women offers roughly 48 grants to women every year. Each award is $500,000 and 39 percent of applicants are women of color. The award offers encouragement funding to achieve professional success.
Thurgood Marshall College Fund
- The Thurgood Marshall College Fund helps African-American student entrepreneurs looking to open a business after graduation. The program is designed to encourage young African Americans to create new business innovations and business concepts. The award is usually around $10,000.This award program was established in 1987, represents 47 public historically black colleges and universities and has since awarded more than $100 million in leadership development.
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