Minority business owners in Arkansas can explore various grants and funding opportunities to support their business ventures. Here are some potential sources for grants for minority business owners in Arkansas:
- Minority Business Development Agency (MBDA) – Business Center Program:
- The MBDA Business Center in Little Rock, Arkansas, may provide resources, assistance, and information on grants or funding opportunities specifically tailored for minority-owned businesses.
- Arkansas Economic Development Commission (AEDC) – Minority and Women-Owned Business Enterprise Division:
- AEDC’s Minority and Women-Owned Business Enterprise Division supports minority and women-owned businesses through certification and may provide information on potential grants or resources.
- Arkansas Small Business and Technology Development Center (ASBTDC):
- ASBTDC offers various resources and assistance to small businesses, including minority-owned enterprises. While they may not provide direct grants, they can offer guidance on accessing funding and support.
- Minority Business Enterprise (MBE) Certification Program:
- Certification as a Minority Business Enterprise may open doors to contracting opportunities and business development programs. While not a grant, it can enhance eligibility for certain programs and initiatives.
- Arkansas Community Foundation:
- The Arkansas Community Foundation supports various community needs, including economic development. While not specific to minority-owned businesses, they may offer grants for projects that contribute to community growth.
- Southern Bancorp Community Partners:
- Southern Bancorp Community Partners works to provide economic opportunities in underserved communities. While not specific to grants, they offer various programs and resources that may benefit minority-owned businesses.
- U.S. Small Business Administration (SBA) – Arkansas District Office:
- The SBA provides various programs and resources to support small businesses, including those owned by minorities. While not direct grants, SBA programs may offer loans and assistance.
- Arkansas Division of Workforce Services – Dislocated Worker Program:
- The Dislocated Worker Program may provide resources and support for workers affected by job loss or economic changes. Minority business owners may explore workforce development programs and potential grants.
- Delta Regional Authority (DRA):
- DRA invests in economic development initiatives in the Delta region, including parts of Arkansas. While not specific to minority-owned businesses, they may support projects that enhance economic opportunities.
- Local Chambers of Commerce and Economic Development Organizations:
- Local chambers of commerce and economic development organizations in Arkansas may have information on grants, resources, and programs that support minority-owned businesses. Connect with your local business community for insights.
- Arkansas Minority Health Commission (AMHC):
- While not focused on business grants, AMHC may offer information on health-related grants or resources that could be relevant for businesses in certain industries.
Always check the eligibility criteria, application guidelines, and deadlines for each potential funding opportunity. Additionally, consider networking with local business associations, attending business-related events, and seeking advice from business development organizations to access comprehensive support for minority-owned businesses in Arkansas.