Business and Finance
Grants 2024, loan programs for small business owners
Securing financial resources could be a difficult task for businesses of all sizes.
While grants offer financing with no obligation to repay, loans require corporations to comply with strict conditions and repay the quantity borrowed with interest. The key distinction, because the U.S. Chamber of Commerce emphasized, is that subsidies are awarded on the premise of eligibility criteriawith funds allocated for specific purposes, while loans are more easily available, but require the lender to expect timely repayment.
Regardless of the funding source, entrepreneurs across sectors can explore quite a lot of opportunities to fuel their growth and expansion. Entrepreneurs may even seek funding through exciting collaborations, similar to the previous partnership Black Girl Ventures and TikTok covered BLACK ENTERPRISES in February. Applications for the Innovate Together grant program closed last month, calling on all entrepreneurs, founders, small business owners and creators to take part in the $1 million initiative that goals to “redefine success by fostering innovative collaboration, expanding reach branding and building a lasting legacy.”
Find the proper financing for your small business from the next list of options compiled by .
Black and Minority Owned Business Grants
U.S. Department of Commerce Minority Business Development Agency (MBDA)
8(a) Business Development Program
Amazon’s Black Business Accelerator Program
- Supports Black Amazon sellers
- Offers financial supportmentoring, business consulting and promotional support
- Free imaging services
- Cash grant opportunities
- Advertising credits
- Start-up financing
Black Ambition Award
- A contest for black and Latino innovators
- Prizes range from $15,000 to $1,000,000
- Access to capital, coaching and community
- Early-stage ventures in consumer products, healthcare, media, entertainment, technology and artificial intelligence
- Applications by May 6, 2024
National Black Business Showcase
- Submit a contest to connect Black-owned businesses to the corps striving to diversify the provision chain
- The 30 finalists reach out to corporate procurement and supplier diversity professionals
- Cash prizes as much as $10,000
- Applications might be submitted until June 3
SheaMoisture Grant Programs
- Supports Black-owned small businesses
- Business development support
- $100,000 grants through The Next Black Millionaires program.
- $10,000 Community Impact Grants for Black-owned U.S. businesses operating for no less than one 12 months
Wish Local Empowerment Program
- Supports Black-owned businesses employing 20 or fewer employees
- Financial aid starting from $500 to $2,000
- Recipients will need to have a mean annual revenue of lower than $1 million
- Flexibility within the allocation of funds
- Recipients join Wish Local to realize access to a database of consumers and partners
Minnesota Emerging Entrepreneur Loan Program (ELP)
- Grants to Minnesota businesses owned by minorities, low-income people, women, veterans and other people with disabilities
- Provides grant funds for nonprofit lenders to supply loans to start-up and growing businesses
- Helps create jobs for minorities and low-income people
- Strengthens minority-owned businesses
- It stimulates economic growth in disadvantaged areas
- You must apply through certified nonprofit lenders
- DEED helps discover the lender
- Loans are subject to DEED approval
Research and technology grants
Blueprint Medtech Translator Grant for Small Businesses
- Small corporations developing medical devices for nervous system disorders
- Supports device prototyping, safety testing, and clinical trials for FDA approval
- NIH helps plan and monitor research
- Funding and access to regulations, patents and manufacturing experts
- Applications by June 20
Innovation Corps within the NIH and CDC Translational Research Program
- Small corporations working on medical projects supported by previous grants
- Accelerate your development and commercialization of latest medical technologies
- 8-week entrepreneurship program
- Course syllabus to learn more in regards to the potential impact of their technology on customers and partners
- Covers program and travel costs
- Applications by April 30
National Institutes of Health Grants
- Funding research on COVID-19
- Small corporations developing and researching biomedical technology
- Many grants
- Application deadlines throughout 2024 and beyond
Small Business Innovation Research Program (SBIR)
- Subsidies support federal research and development for commercialization
- Rewards-based program
- It supports scientific excellence and technological innovation
- Must run a for-profit business
National Institute on Disability, Independent Living and Rehabilitation Research SBIR Program
- Financing the event of technologies and research to enhance the lives of individuals with disabilities
- Supports national social/economic advantages
- Provides ten grants totaling $1 million
- Find available grants through the Administration for Social Life
Small Business Technology Transfer Program (STTR)
- It funds research in the world of R&D
- Must have formal collaboration with a research institution
- Must run a for-profit business
- Meet other requirements qualify
Small Business Digital Readiness Program
- Supports small businesses who need to develop within the digital space
- Digital Readiness Program
- The free online curriculum includes expert coaching, networking and other resources
- $10,000 grant eligibility for participants registered in two courses
- Walkable
Artificial intelligence innovation grant
- It funds development based on artificial intelligence
- Open to US-based corporations
- $10,000 grant
- Applications by March 15
American Seed Fund
- Provides financing for technology development
- Startups and small businesses based within the USA
- Funding as much as $2 million
- Sponsored by the National Science Foundation
- Submit project proposals repeatedly
Casper Accelerate Grant Program
Comcast Innovation Fund
- Financing technology and research for the event of the Internet
- Areas of interest in open source development, general and focused research
- Apps accepted until funds exhaust in 2024
Emerging Technology Fund (ETF)
- Helps growing businesses in Massachusetts
- Supports technology corporations with the necessity for acquisitions, expansion, working capital or equipment purchases
- It must reflect strong management, technical progress, market demand and solid financial performance
- Loans as much as $4,000,000
Companies affected by Covid-19 or a natural disaster
Rebuild the block
- Grant program for black entrepreneurs
- It helps audiences connect with community members on a bigger scale
- Applicants will need to have been affected by Covid-19 or other devastation
- 90 candidates in a three-month cycle
- Apply on the grants website
Retention loan for employees
- Helps corporations affected by Covid-19
- CARES Act stimulus program
- Refundable tax credit
- Apply through the IRS website
GoFundMe Small Business Relief Fund
- Funding for small businesses impacted by Covid-19, supported by GoFundMe and other corporations
- Donation of $500
- You must raise no less than $500 via GoFundMe
- Confirm your activity via the web form
Integration Beauty Fund 2024
- US-based cosmetics corporations affected by the Covid-19 pandemic
- Offers one-time grants of $10,000
- Professional mentoring and business development from L’Oréal management
- Entries are due March 29 at 6:00 PM EST
Small Business Resilience Readiness Program
Etsy Emergency Relief Fund
- Supports Etsy business owners who’ve been registered for no less than one 12 months
- Grant as much as $2,500
- Financial partnership with the non-profit organization CERF+
- Companies will need to have been affected by a natural disaster
- Rolled application
Women-led business grants
Federal Women-Owned Small Businesses (WOSB) Contracting Program.
- Access to credit and capital
- SBA program Includes trainingconsulting and federal contracts
- Program through the Office of Women’s Business Ownership
Amber Grant Foundation
- It awards quite a few scholarships all 12 months round for women entrepreneurs
- $10,000 monthly amber grant
- Amber grants price $25,000 per 12 months
- $10,000 each quarter for a startup grant and a non-profit grant
- $10,000 business category grants
- Apps open depending on the category
Cartier Women’s Initiative
- Funding for women entrepreneurs around the globe with particular emphasis on social and environmental sustainability
- Regional award
- Diversity, Equality and Inclusion Award (open to all genders)
- Science and Technology Pioneer Award
- It includes financial support, coaching and peer learning opportunities
Galaxy Grants
- Offers resources for women and minority business owners
- $2,750 Galaxy Grants distributed
- Possibility to receive a grant for one friend of the winner
- Sponsored by Hidden Star, a 501(c)(3) organization.
- 30-second entry process
- Applications by March 31
HerRise MicroGrant
- It funds American corporations which are majority-owned by women of color
- Focus on revolutionary social solutions
- Apps reviewed monthly
- Ineligible applicants include non-profit organizations, franchises, direct sellers, authorized resellers and independent consultants
IFundWomen universal grant application
Cat Fund
- Awarding $25,000 to 25 small business owners who’re moms
- Must be based within the US and have annual revenues of lower than $5 million
- Employment must range from two to 50 people
- Register online
#MomsMeanBusiness
RTC Women in Tech Fund
Shea Moisture Grant “Brown Girl Jane.”
LGBTQ+ corporations
Just Society Foundation Grants
StartOut scholarship program
Veteran-led businesses
Disabled Veteran-Owned Small Businesses Program
Hivers and Strivers investment program
- Provides capital for projects led by veteran-owned and operated businesses
- Funding from $250,000 to $1 million
- Submit business ideas on an ongoing basis
- Ineligible applicants include businesses depending on government contracts
Rise of the Warrior
Other general grants and programs
Business and Finance
David Shands and Donni Wiggins host the “My First Million” conference at ATL
December is the birth month of David Shands and Donnie Wiggins, friends and business partners. Most people have fun by throwing a celebration. Others imagine it must be catered for. The chosen ones spend the day relaxing in peace and quiet.
Then there’s Shands and Wiggins.
The two decided that the best birthday gift can be to offer individuals with resources for generational wealth through a conference called “My first million”in Atlanta.
It’s a compromise between how their families and family members need to honor them and their desire to proceed to serve others. Shands acknowledges that almost all people won’t understand, and he unapologetically doesn’t expect them to.
“It’s not up to us to convince anyone why we do what we do,” admits Shands.
“I think everyone does what they do for different reasons, and I would just attribute it to a sense of accomplishment that I can’t explain to anyone else.”
He doesn’t need to clarify this to Wiggins because she understands his feelings. Wiggins has had a passion for serving others for so long as she will be able to remember.
“When I was in middle school, there were child sponsorship ads on TV featuring children from third world countries. I was earning money at the time and I asked my mother to send money,” she says BLACK ENTERPRISES.
She recalls how sad she felt for youngsters living in a world with so many opportunities, but at the same time going hungry. Her mother allowed her to send money, and in return she received letters informing her of their progress.
“It was very real to me,” Wiggins says, now admitting she’s undecided the letters were authentic. “I received a letter from the child I sponsored, a photograph and some updates throughout the 12 months. It was such a sense of being overwhelmed and it was something I felt so good about. I didn’t even tell my friends I used to be doing it.”
She carried this sense throughout her life, even when she lost every little thing, including her house, cars, and money. She still found ways to serve and give back, which is the basis of her friendship with Shands.
They each love seeing people at the peak of their potential, and that is what “My First Million” is all about. There can be no higher birthday gift for them than helping others create generational wealth.
What to expect during the “My First Million” conference.
They each built successful seven-figure empires, then train others, write books about it, and launch an acclaimed podcast Social proof.
Now they’re imparting that knowledge through the My First Million conference, an event for aspiring and existing entrepreneurs. Shands and Wiggins need to prove that being profitable is feasible and encourage people to bet on themselves.
“David and I, on paper, are not two people who should have made millions of dollars. Number one, we want (people) to see it,” Wiggins says. “Then we want them to actually get out of that room with practical and actionable steps.”
Both are clear: this just isn’t a motivational conference. This is a conference where people, irrespective of where they’re of their journey, will come away with clarity about their business and what they must be doing as CEOs. Shands and Wiggins want individuals who do not have a transparent marketing strategy or are considering starting a business to also attend the meeting.
“A few areas we will cover are inspiration, information, plan and partnership,” adds Shands. “We will give you 1-2-3 steps because some people get depressed and uninspired. Even if they know what to do, they won’t leave, go home and do it. So we have to really put something into their heads and hearts that they come away with.”
Sign up and enroll for My First Million Here. The conference will happen on December 13 this 12 months. but Shands and Wiggins say it definitely won’t be the last for those who miss it.
Business and Finance
Operation HOPE on the occasion of the 10th annual world forum
Operation HOPE Inc. takes over Atlanta for the biggest game in the country dedicated to financial literacy and economic empowerment, Saporta reports.
The HOPE Global Forums (HGF) Annual Meeting 2024 strengthens the crucial link between financial education, innovation and community upliftment in hopes of finding solutions to the problems that stifle challenges around the world.
Organized by Operation HOPE founder John Hope Bryant, together with co-chairs Atlanta Mayor Andre Dickens and U.S. Ambassador Andrew Young, the forums, to be held December Sep 11 at the Signia Hotel, will have fun its 10th anniversary with three days of engagement discussions, observations and forward-looking presentations.
Under the theme “The Future,” Hope Bryant says attendees are looking forward to a “powerful moment in history.”
“Over the past decade, we’ve brought together great minds with daring ideas, servant leaders with voices for change, and other people committed to a brand new vision of the world as we realize it. “‘The Future’ is a clear call to action for leaders to help ensure prosperity in every corner of society,” he said.
The extensive program includes influential and well-known speakers who address business, philanthropy, government and civil society. Confirmed speakers include White House correspondent Francesca Chambers, media specialist Van Jones and BET Media Group president and CEO Scott M. Mills.
“John Hope Bryant and his team have been doing this for ten years, and every year HGF raises the bar,” Young said. “Discussions about the FUTURE are important not only for civil dialogue; they are also essential to bridging the economic divide and solving some of today’s most important problems.”
Atlanta is predicted to welcome greater than 5,200 delegates representing greater than 40 countries.
“I have long said that Atlanta is a group project, and through our partnership with HOPE Global Forums, we are inviting the world to join the conversation,” Dickens mentioned. “From home ownership and entrepreneurship to youth engagement and financial education, HGF will offer bold and innovative ideas to ensure a bright future for all.”
It coincided with the organization’s annual meeting launched one other path to enhance financial knowledge with HOPE scholarships. With three tiers of scholarships – HOPE Lite, HOPE Classic and HOPE Silver – clients could have access to free financial coaching and academic resources.
Business and Finance
New Orleans’ black business district is marked by history
New Orleans has given a historic monument to a Black business district closed for interstate construction.
The marker was a project fulfilled by in response to the initiative of Plessy and Ferguson. Founded by descendants of men involved within the Plessy v. Ferguson case that legalized segregation within the United States, the organization worked with other community groups to put a marker under the Claiborne Viaduct.
Before the upheaval, Black New Orleanians could find stores owned by other members of their community on Claiborne Avenue. Racial discrimination originally limited the power to buy on the famous Canal Street. Given this, blacks as an alternative flocked to the realm to purchase every little thing from groceries to funeral arrangements.
This mall was home to many Black-owned businesses, and emerging and established entrepreneurs had arrange shop for generations. Consisting of pharmacies, theaters, studios and more, it helped maintain a vibrant black culture in the realm. It reigned because the most important street of Black New Orleans from the 1830s to the Seventies.
The street once featured a picturesque cover of oak trees surrounding bustling businesses. However, its decline began with the expansion of roads within the southern state. The first casualty was the oak trees that were cut all the way down to make way for the development of Interstate 10, and shortly thereafter, the district’s thriving entrepreneurs suffered an identical fate.
Many residents do not forget that they didn’t know in regards to the upcoming investment until the trees began falling. Raynard Sanders, a historian and executive director of the Claiborne Avenue History Project, remembered the “devastation” felt by the community.
“It was devastation for those of us who were here,” Sanders told the news outlet. “I was walking to school and they were cutting down oak trees. We had no warning.”
Despite its eventual decline, the district stays an integral a part of Black New Orleans entrepreneurship. Now the town will physically resemble a historic center where Black business owners could thrive. They celebrated the revealing of the statue in true New Orleans style with a second line that danced down Claiborne Avenue.
“The significance of this sign is to commemorate the businesses, beautiful trees and beautiful people that thrived in this area before the bridge was built, and to save the people who still stand proud and gather under the bridge,” also said Keith Plessy, a descendant of Homer Plessy’ ego.
The growth of local black businesses continues. Patrons and owners alike hope to evoke the spirit of Claiborne’s original entrepreneurs, empowering the community.
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