Grants for Black Women Entrepreneurs

 

By Michelle Loredo

The percentage of women in the business field has grown by four percent according to the Small Business Trends Alliance and Guidant Financial. From the women surveyed, 16 percent were Black business owners. 

The ongoing COVID-19 pandemic is affecting business owners across the nation, but the Washington Post found that around 40 percent of Black businesses have become inactive. As businesses need funding in order to remain in operation, here are seven grants that are aimed to help Black women business owners.

National Association for Self-Employment
The National Association for the self-employed offers a grant of up to $4,000 to small business owners. In order to be able to apply for the grant, you must become a member. Full details on their website.

Small Business Innovation Research Grants
The National Institutes of Health gives grants for technology-based business or researched-based projects. Each year, they accept applications three times: January 5, April 5 and September 5. Full details and submission on their website.

The Halstead Grant
The Halstead Grant is open for “emerging silver artists.” This grant is aimed to help the winners kick-start their business with $7,500. The deadline is on August 1 of this year. Visit their website for full details.