February is Black History Month and as a small business marketing consultant – and someone who loves grants – I’d like to highlight grant opportunities for minorities – as well as the pioneering spirit of black business owners throughout history. From Madam C.J. Walker, the first female self-made millionaire in America, to the innovative minds behind Greenwood (the “Black Wall Street”), these entrepreneurs opened doors that never existed and set examples that inspired millions.  

Let’s be clear. Every entrepreneur needs resilience, creativity, and determination – but minorities in the past and today have faced adversity in ways we might not have personally experienced. So, for every small business owner of every color, in every region of the world, I have three words.

Yes You Can.

When you can’t find a way. Find a work around. If the timing isn’t right, there will be the right time.  And as I always tell my clients, look ahead. Opportunities show up all the time when you’re open to them = like the small business grants and resources I’ve listed below.

If you’re reading this and aren’t a minority business owner, or woman of color, support your sister and brother organizations. Offer to help, listen, and give advice when asked. Remember where you started (many of us, with nothing).  And remember the times in your life when you were ready to give up. Every one of us has a story to share.

Write your own chapter about your inspiring story. Explore how social and digital strategies — along with grant opportunities, can transform your business. Catch the wind in your sails (sales) and build momentum. Explore what’s out there. Inspired action does it every time.

10 Small Business Grants and Resources for Minorities and Women of Color

1. The BOSS Impact Fund

The BOSS Network is partnering with Sage, a global market leader, to break down the barriers for Black women entrepreneurs. The BOSS Impact Fund supports minority women to build scalable companies focused on growth.

2. JPMorgan Chase Advancing Black Pathways

This initiative by JP Morgan Chase provides a substantial commitment (30 billion dollars through 2025), to support Black businesses, including loans and investments.

3. Black Business Grants by SheaMoisture

The SheaMoisture Fund offers grants to Black-owned businesses and focuses on companies that serve their communities. Note: I personally love their products!

4. The Coalition to Back Black Businesses Fund

Through 2024, The Coalition to Back Black Business , founded by American Express, provides grants, training, and resources to help Black-owned small businesses grow and thrive.

5. Hello Alice Grants

There are a number of revolving grants featured on the Hello Alice website, some with timely deadlines. My best advice is to check often or if you’re open to multiple emails, sign up for their notifications.

6. National Black MBA Association Scale-Up Pitch Challenge

This pitch competition is sponsored by the National Black MBA Association (NBMBAA) and helps to elevate startups and scale up. The program also offers entrepreneurs the opportunity to connect with early-stage investors and venture capitalists.

7. The Minority Business Development Agency (MBDA)

This agency is operated by the U.S. Department of Commerce. The MBDA offers various grants and resources to minority-owned businesses and is working to bridge the funding gap.

8. Black-owned Business Directories

List your website here and link your social profiles to boost organic SEO. You can find 17+ black business directories on this link, compiled by the U.S. Chamber of Commerce. Another SEO goldmine.

9. Amazon Black Business Accelerator Program

Amazon’s program offers access to their education library, and monthly webinars with guidance to help you sell, scale, and find success in Amazon’s store.     

10. Fast Break for Small Business

This partnership with the NBA offers grants and legal services to improve equitable access to funding for Black-owned small businesses. It’s administered by the Accion Opportunity Fund to help entrepreneurs with the tools and resources they need to start and grow a business.

And because I can’t help myself, here’s one last compilation of small business grants for minorities. See what fits, check your timing, and let me know if you get a grant.

Small Business Grant Wrap Up

Heads up to all small business owners out there. Grants and deadlines change frequently, so please do your due diligence. If a grant is out of date, look at the following year or the next time it’s offered. Many grants are so popular that they close early! (I have personal experience here).

And hey, if you’re a small business or nonprofit in Massachusetts, be sure to check out the Express Grants program. I’m an advocate and Marketing and PR expert and will train your team on how to grow your business and visibility – so you bring in the business you deserve. There’s no risk or cost to apply, and if you’re approved, you can work with me for free (after 100% reimbursement.)

After all, who doesn’t love free money?