Grants for black women are initiated to empower black women worldwide and to make them be more active and straightforward. Why specifically black women? Becuase most of these women face two types of discrimination at the same time, racial and gender. So, these organizations and funds are here to encourage you to fight against all stereotypes.
Every fresh perspective or an idea needs a support to come to life. Before becoming skillful entrepreneurs, people with new business in their minds look for grants or crowdfunding to start their business. The same goes for women. Regardless all fights for equal opportunities, the number of women in business skyrockets nowadays.
However, things become more difficult in case of black women. Some people believe that it is really difficult for black women to start a business after graduating from college. But this hardship is not all about a deadlock.
Although finding a grant for black women can be quite challenging, there are several grants to help to ease this obstacle. They target both, small and big business.
So, future entrepreneurs, take your sits! Here is the list of grants for black women to consider while looking for funding your startup! You can find some college scholarships as well.
Grants For Black Women #1: InnovateHer
The InnovateHer or Innovating for Women Business Challenge is sponsored by the Small Business Administration Office of Women’s Business Ownership.
Only three entrepreneurs can win the grant. The award makes $30,000 in prize money for businesses with products and services that have a huge impact on women’s lives and their families.
Grants for Black Women #2: Intuit “Love A Local Business” Competition
The competition held by Intuit gives away $25,000 to small business. It is based on votes. The average award is $5,000. However, the sum can grow bigger. The growth depends on each year’s focus.
The program has given away over $1 million since the beginning. To find out when is the next round, you can visit their webpage.
Grants for Black Women #3: FedEx Opportunity Knocks – Small Business Grant
This one is granted to small businesses owned by black women. All you have to do is to share your small-business story and enter for a chance to win the top prize. It makes $25,000.
There’s also one $15,000 winner and eight $7,500 winners. General public voting is the part of the judging. It chooses the finalists. So, participants may promote their businesses while garnering votes.
Grants for Black Women #4: Miller Lite Tap the Future
This competition, sponsored by “MillerCoors”, targets minority entrepreneurs in general.
So, dear women do not hesitate to share your innovative ideas to win capital for your business in the form of prizes ranging from $5,000 to as much as $200,000 or more.
Grants for Black Women #5: Minority Business Development Agency
The MBDA makes part of U.S. Department of Commerce. Its aim is to assist minorities and women entrepreneurs to establish and grow their businesses.
Grants for Black Women #6: National Association for the Self-Employed Growth Grants
This program allows business owners to apply for financing a particular small business need. The sum is worth up to $4,000.
Each recipient can use the grant to purchase computers, hire part-time help, and create marketing materials.
Grants for Black Women #7: The Amber Grant Foundation
Unlike others, this grant is awarded monthly. The award makes $500, which is granted to different women-owned businesses every month. At the end of each year, however, one of the 12 winners is awarded an additional $2,000.
The application process is also quite simple. Applicants must talk about their business and describe what they are going to do with the grant. The winners, mostly women with passion and a good story, are chosen by the foundation’s advisory board.
College Grants for Black Women
It goes without saying that nobody can become an entrepreneur without a proper education. This concerns not only minorities but anyone who has an intention to start a business. Sometimes, college payments are so high that people give up the idea of studying.
To avoid such situations, there are grants and scholarship that make dreams come true. The same goes for black women. So, here are some scholarship opportunities for them to enroll in the college.
College Grants for Black Women #1: The United Negro College Fund
UNCF is one of the oldest organizations that provide college grants and scholarships for black women. It offers general scholarships and grants available through UNCF that are geared toward African-American students, for which black women may apply.
They are administered through UNCF and are available on the website. These organizations include Liberty Mutual, Gap, Marriott, Google, Toyota, Intel, Citibank, and other entities and groups.
College Grants for Black Women #2: The National Black Nurses Associations
The Association offers grants, scholarships, and fellowships to black women who are interested in the field of nursing. There are numerous scholarships at their disposal.
There is also some good news. Black women who are currently enrolled in a four-year nursing program can apply for the annual scholarship.
College Grants for Black Women #3: The National Association of Black Journalists
Journalism is considered one of the most common specializations in the world. So, if you have already chosen it as your major but have no savings to pay for the college, never mind.
NABJ is an organization that provides scholarships to students pursuing their career in journalism. These scholarships are open to everyone, but black women can apply for scholarships that range up to $25,000. Interested applicants can apply on NABJ’s website.
College Grants for Black Women #4: The Ethel Lee Hoover Ellis Scholarship
This grant has precise geographical limits. The scholarship targets black women from Alabama, Florida, Georgia, Mississippi, North Carolina, South Carolina, Tennessee and West Virginia.
Besides, the applicant must also pursue a business program of study at an accredited college or university.
College Grants For Black Women #5: Black Women in Sisterhood for Action
Like other grants, the Sisterhood is organized to provide educational assistance and support to young black women who tend to get an education at local colleges.
It provides scholarships particularly for black women who live in the inner city with economic disadvantages and disenfranchisement. Further information and details on scholarship and application process can be found online.
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