Grants Supporting Equitable Business Success for Underserved Entrepreneurs in Starting or Expanding Ventures

Grants supporting equitable business success for underserved entrepreneurs are available through various foundations, government programs, and nonprofit organizations. These grants typically focus on providing financial resources, mentorship, and other forms of support to help entrepreneurs from marginalized communities start or expand their ventures.

Here are a few examples of grants that might align with this focus:

1. Community Development Financial Institutions (CDFI) Fund: The CDFI Fund provides financial assistance to CDFIs, which in turn offer loans, grants, and technical assistance to underserved entrepreneurs, particularly in low-income communities.
2. Small Business Administration (SBA) Programs: The SBA offers several grant programs aimed at supporting minority-owned businesses, women entrepreneurs, and other underserved groups. Programs like the Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) are geared toward innovative startups.
3. Kiva U.S.: Kiva offers microloans with 0% interest to underserved entrepreneurs. Although not a grant, these microloans can be crucial for those who need small amounts of capital to start or expand their businesses.
4. Comcast RISE: This program offers grants and marketing consultations to small businesses owned by people of color, providing both financial support and tools to help businesses thrive.
5. Grants.gov: This platform lists federal grant opportunities, including those aimed at supporting small businesses owned by underserved populations. Entrepreneurs can search for relevant grants that fit their needs.
6. Local and State Economic Development Grants: Many states and municipalities offer grants specifically aimed at promoting small business development among underserved communities. These can include startup grants, expansion grants, and grants for specific industries.