How to apply for grants for women and minorities

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How to apply for grants for women and minorities

The TSB NEWS Scholarship understands that women and minority business owners have historically had a difficult time accessing capital.

So now there are some grant opportunities aimed at addressing that inequality. Some are open to businesses from across the country. And others are focused on specific communities or educational initiatives.

Latest Small Business Grants for Women Business Owners
Here’s a look at some of the latest small business grants available to women owners in America:

Quick break for small business
The NBA and LegalZoom have partnered to help underserved small business owners with $6 million in grants. This is a multi-year partnership, with the grant opportunity as the first official initiative. They will be available twice a year for the next three years.

And mentoring and job training are also available. The companies say the grants will specifically serve businesses owned by women, minorities, immigrants and LGBTQ+. Applications must be submitted before November 23.

Howard University and the PNC National Center for Entrepreneurship

The PNC Foundation and Howard University have just Announced a commitment of $16.8 million to support minority entrepreneurs.

The grant goes to the university, which will then provide educational resources and community connections to foster entrepreneurship.

The association lasts for five years. And PNC is also committed to improving the availability of loans for owners of historically underserved businesses.

PREVIEW and Black Pathways Trailer
Digital undivided and JPMorgan Chase partner to support Black and Latina women entrepreneurs. The initial program will award 15 of these businesses in Greater Los Angeles.

But the companies plan to launch a national grant program in the coming months. Advancing Black Pathways is an existing JPMorgan Chase program to support Black-owned businesses.

So Digitalundivided’s mission to support Black and Latina women entrepreneurs lined up perfectly for their new partnership BREAKTHROUGH. Applications for the first round are due by October 25.

Bank of America Capital Access Directory for Women Entrepreneurs

Nearly 60 percent of women entrepreneurs believe they do not have adequate access to capital. There are opportunities for grants and funding. But it can be difficult to discover these opportunities. Therefore, Bank of America now offers access to the capital directory to highlight these opportunities. This is not a grant itself. But it can make it easier to find the apps that are relevant to your business.

The Diverse Business Assistance Grant

The state of Wisconsin just announced two grant programs designed to help minority-owned businesses. The Diverse Business Assistance Grant is intended to help local chambers of commerce support underserved businesses in their community.

The Diverse Business Investment Grant targets lending institutions that will provide funds to underserved communities, specifically minority businesses with ten or fewer employees.

The state is also offering direct grants through its Equitable Recovery program, applications for which are due Nov. 5.

Seattle Small Business Stabilization Fund

The City of Seattle awards grants of $5,000, $10,000 and $20,000 to businesses that have been negatively impacted by the pandemic.

Small businesses and non-profit organizations must be located within the city limits, currently operate with two or fewer locations, have 50 or fewer full-time equivalent employees, and have an annual net income of $2 million or less. Priority will also be given to BIPOCs and women entrepreneurs.

Applications must be submitted before November 9.


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