Support for Black-owned businesses in California can come from various sources, including government programs, private organizations, and nonprofit initiatives. Here are some potential avenues to explore for Black business grants in California:
- California Black Business Loan Program:
- The California Black Business Loan Program aims to provide financial assistance to Black-owned businesses. It offers low-interest loans to support business growth and development.
- Website: California Black Business Loan Program
- California Department of General Services (DGS) – Small Business and Disabled Veteran Business Enterprise (SB/DVBE) Certification:
- While not a grant program, obtaining certification as a Small Business or Disabled Veteran Business Enterprise can provide access to state procurement opportunities, potentially boosting business growth.
- Website: DGS SB/DVBE Certification
- California Office of the Small Business Advocate (CalOSBA):
- CalOSBA may offer resources and information on support programs for small businesses, including those owned by minorities.
- Website: CalOSBA
- Opportunity Fund – Small Business Loans:
- Opportunity Fund is a nonprofit organization that provides small business loans to underserved entrepreneurs, including those from minority communities.
- Website: Opportunity Fund
- Local Economic Development Offices:
- Check with local economic development offices, city or county, as they may have programs or grants to support minority-owned businesses.
- Explore resources provided by city and county governments.
- African American Board Leadership Institute (AABLI):
- AABLI focuses on leadership development for African Americans in various sectors, including business. While not a direct grant provider, they may offer resources and connections.
- Website: AABLI
- California Community Foundation – Special Initiatives:
- The California Community Foundation may have special initiatives or grants that aim to support minority-owned businesses and community development.
- Website: California Community Foundation
- Small Business Development Centers (SBDCs):
- SBDCs provide business consulting services and may have information on grant opportunities or assistance programs for minority-owned businesses.
- Locate your local SBDC through the California SBDC Network
Before applying for any grants, carefully review the eligibility criteria, application guidelines, and deadlines for each program. Additionally, consider networking with local business organizations, chambers of commerce, and community groups to discover additional opportunities and resources.