Grants for minority-owned businesses help close the wealth gap and increase representation in entrepreneurship. Federal programs through the Minority Business Development Agency (MBDA), SBA, and Commerce Department, along with foundations and corporate programs, provide funding specifically for BIPOC entrepreneurs and diverse business owners.
Seeding Grants Status: Pilot program completed in 2022 Purpose: Provide unrestricted, one-year investments to BIPOC-led organizations, representing a shift toward more equitable funding practices in…
Overview _NOTE: Applications for the PROMISE Act Grant program are currently closed. Please note, as of April 9, 2025, the Minnesota legislature is currently considering changes to the requirements…
Small Business & Job Creation Grant Funder: Downtown Long Beach Alliance (DLBA) Geographic Scope: Downtown Long Beach, California Program Description: The DLBA awards grants to local entrepreneurs to…
Small Business Assistance Partnerships Program Grant Status: ACTIVE Funder: Minnesota Department of Employment and Economic Development (DEED) Amount: US $100,000 - US $400,000 Last Updated: August…
Small Business Enhancement Grant Funder: The Rosewood Initiative Status: Currently paused; check back in January 2026 for updates Geographic Scope: Limited to The Rosewood Initiative's NPI…
Small Business Financial Assistance Funder: BeyGOOD Foundation Program Type: Small Business Grant/Financial Assistance Geographic Scope: National (administered through NAACP) Eligibility: - Small…
Small Business Investment Grant (RFP #23-02) Funder: Washington State Department of Commerce • Community Reinvestment Project Status: Award period closed (40 grants awarded as of October 1, 2024)…
Small Business Start-up Grants Overview: Small Business Start-up Grants were specifically designed for members interested in starting a new contracting business that creates union jobs for…
Small Business Support Hubs (SBSH) Program - Great Lakes Bay Small Business Hub Program Status: Awarded February 28, 2024; ongoing implementation Funding Source: Governor Gretchen Whitmer's…
Small Business Workforce Accelerator Grant (RFP #24-01) Funder: Washington State Department of Commerce • Community Reinvestment Project Status: Application period closed after 40 applications…
Social Business Match Program (SBMP) Overview: A Program-Related Investment (PRI) initiative designed to help social businesses access seed capital for growth. Geographic Scope: - Minnesota, North…
SPRINT Challenge Amount: $200,000 - $750,000 per award Status: Completed (awards announced April 2021) Geographic Scope: United States (25 states and Puerto Rico) Focus Areas: - Pandemic response…
SSBCI Technical Assistance Grant – Loan TA Program Status: ACTIVE Funder: Illinois Department of Commerce and Economic Opportunity (DCEO) Amount: US $700,000 Last Updated: January 02, 2026 Summary…
State Small Business Credit Initiative (SSBCI) Status: Active (returned October 2022, ongoing distribution) Geographic Scope: Statewide Pennsylvania Focus Areas: - Accessible and affordable capital…
Storefront Upfit Grant Funder: Raleigh Civic Ventures (RCV), funded by Duke Energy Foundation Geographic Scope: Downtown Raleigh, NC (specific mapped areas) Purpose: Incentivize and attract new…
Super Bowl LVI Business Connect Funder: Los Angeles Sports & Entertainment Commission, National Football League, Los Angeles Super Bowl Host Committee Status: Past program (deadline was February 23,…
USHCC Supplier Readiness Bootcamp Program Name: Supplier Readiness Bootcamp (partnership expansion) Funders: - United States Hispanic Chamber of Commerce Educational Fund (USHCCEF) - Anheuser-Busch…
TechTown Startup Fund Overview: Grant program designed to support Black tech founders at the earliest stages of business development, addressing the funding gap between idea validation and revenue…
Texas Solar for All Coalition EPA Grant Funder: U.S. Environmental Protection Agency (EPA) Award Amount: Nearly $250 million in grant funding Award Date: May 2, 2024 (Earth Day) Overview: A historic…
Thriving Entrepreneurs Grant Program Status: ACTIVE Funder: The Oregon Community Foundation Amount: Up to US $25,000 Last Updated: April 13, 2025 Summary The Thriving Entrepreneurs Grant Program by…