Explore various grant programs offering over $400,000 to minority- and women-owned small businesses, including eligibility criteria, application deadlines, and funding details.
Various small business grant programs are available to provide financial assistance and support to businesses, especially those owned by minorities and women.
These programs can offer direct funding or support for specific initiatives such as training and assistance. Here are some of the current opportunities:
Frederick Small Business Grants
Frederick, Maryland, has launched a new grant program to support minority and women-owned small businesses in the city.
This program offers a total of $400,000 in grant funds for both startups and established businesses.
Eligibility Criteria:
- Registered, for-profit businesses
- No more than 25 full-time employees
- Clearly defined project (e.g., renovations, new marketing campaigns)
Grant Details:
- Maximum Grant Amount: $40,000
- Total Funds Available: $400,000
York County 2024 BLOOM Grant Program
York County, Pennsylvania, has opened applications for the 2024 BLOOM Grant Program.
The BLOOM Business Empowerment Center and the York County Economic Alliance will award grants ranging from $500 to $1,500.
Eligibility Criteria:
- Funds must be used for specific purposes (e.g., physical improvements, new employee training programs)
- Application Deadline: August 27
Grant Details:
- Grant Amount Range: $500 – $1,500
Central UP Hub Direct Grant Program
The Central Upper Peninsula Small Business Support Hub, also known as “the Hub,” is introducing a new grant program for small businesses in Michigan’s Upper Peninsula. The Hub serves seven U.P. counties: Alger, Baraga, Delta, Dickinson, Marquette, Menominee, and Schoolcraft.
Eligibility Criteria:
- Fewer than 500 employees
- Located within the Hub’s service area
- Complete an intake process
Grant Details:
- Total Funds Available: $400,000+
- Program Duration: Through 2026
SBA Native American-Owned Business Grants
The U.S. Small Business Administration (SBA) has announced a new grant opportunity for Native American-owned small businesses. Grants of up to $240,000 are available to organizations located on or near Tribal lands that support these businesses with development or expansion opportunities.
Eligibility Criteria:
- Organizations located on or near Tribal lands
- Support for Native American-owned businesses
Grant Details:
- Maximum Grant Amount: $240,000
- Application Deadline: July 31
TD Ready Challenge Grant Program
TD Bank Group is accepting applications for its annual TD Ready Challenge grant program.
This program provides funding to charitable and non-profit organizations that support underserved small business owners.
Eligibility Criteria:
- Charitable and non-profit organizations
- Focus on innovative solutions for underserved businesses, especially post-pandemic recovery
Grant Details:
- Total Grants Awarded: 10
- Application Deadline: September 5
Hello Alice Boost Camps
Hello Alice, a popular fintech platform, is expanding its small business accelerators and Boost Camp programs for 2024.
These programs offer skill-building opportunities and grants to small business owners across the U.S.
Key Partners:
- Progressive
- Etsy
- Wells Fargo
- FedEx
Program Focus:
- Skill-building programs
- Grant opportunities
- Training and resources for business growth
Summary Table
| Program Name | Max Grant Amount | Total Funds Available | Application Deadline | Eligibility Criteria |
|---|---|---|---|---|
| Frederick Small Business Grants | $40,000 | $400,000 | Ongoing | Registered, for-profit, ≤25 full-time employees |
| York County 2024 BLOOM Grant | $1,500 | Varies | August 27 | Specific purposes (improvements, training programs) |
| Central UP Hub Direct Grant | Varies | $400,000+ | Ongoing (through 2026) | ≤500 employees, within service area, intake process |
| SBA Native American-Owned Grants | $240,000 | Varies | July 31 | Located on/near Tribal lands, support Native businesses |
| TD Ready Challenge Grant | Varies | 10 grants | September 5 | Charitable/non-profit, innovative solutions for underserved |
| Hello Alice Boost Camps | Varies | Varies | Ongoing | Small business owners, U.S.-based, skill-building focus |
These grant programs offer valuable opportunities for minority- and women-owned businesses to secure funding and support for their growth and development.
for regular updates follow our website funds-grant.com