Tag: Minority

How to Apply for a Minority Business Grant (with Pictures) #cool #business #names

#minority business grants

#

How to Apply for a Minority Business Grant

Minority-owned business grants are meant to help small businesses that are owned by members of minority populations who are considered to be socially or economically disadvantaged. These grants can be used to expand businesses or help a business develop new technologies or training practices. In order to qualify for a minority-owned business grant, your business must be at least 51% owned and operated by individuals from a minority population and must meet any specific eligibility criteria set forth by a grant.

Steps Edit

Part One of Three:
Becoming Certified as a Minority-Owned Business Edit

Meet the criteria for Minority Business Enterprise Certification (MBE). In order to qualify for many minority-owned business grants, you must first demonstrate that you meet the criteria for and MBE. One way to ensure that you qualify is to be certified as an MBE by the National Minority Supplier Development Council (NMSDC). [1] Certification significantly helps MBEs gain access to government contracts and grants. [2] In order to be certified, you must meet the following criteria:

  • You must be a U.S. citizen.
  • Your business must be at least 51% minority-owned operated and controlled. The NMSDC considers a person to be a member of a minority group if they are at least 25% Asian, Black, Hispanic or Native American. For publicly owned companies, at least 51% of the stock must be owned by one of more minority group members.
  • Your business must be for profit and located in the U.S. or one of its territories.
  • The management and daily operations of your business must run by the minority ownership member. [3]

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Collect business documents. Depending on the type of business entity, you may need to provide business documentation including, but not limited to:

  • Partnership agreements.
  • Cancelled checks from the business.
  • Business Meeting Minutes.
  • Articles of Incorporation.
  • Bylaws.
  • Corporate Banking Agreements.
  • Business lease information.
  • Proof of citizenship.
  • Proof of business insurance. [4]

Complete an online application. In order to become certified as an MBE by NMSDC, you must complete an online application located at http://www.nmsdc.org/mbes/mbe-certification/ The certification application may require the following information:

  • Name and contact information for the business.
  • Description of business’ products and/or services.
  • List of owners and shareholders.
  • Description of the type of business and business history.
  • Information about employees, including the number of minority employees.
  • Business owner information, including race/ethnic origin, gender, citizenship, and their role in the business.
  • Financial information about the business.
  • List of customer references. [5]

Pay your certification fee. In order to become a certified or recertified MBE, you must pay a certification fee that is linked to the region in which you live. The certification fees range from $350-$1200. In order to find the appropriate region for your business visit NMSDC’s website at http://www.nmsdc.org/mbe-certification/. The certification process can take up to 90 days.





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Everything You Need to Know about Minority Business Grants – Small Business Blog #stock

#minority business grants

#

Everything You Need to Know about Minority Business Grants

Minorities are choosing entrepreneurship in leaps and bounds. The pool of minority-owned business includes members of the African American, Hispanic, Asian, and Native American ethnic groups. According to the SBA, this number rose to 14.6 percent in 2012 in part because of the growing Hispanic population in the U.S.

As with their non-minority counterparts, proper access to funding is crucial for the creation, growth, and sustainability of their businesses. Although minority business ownership is growing, there continues to be great disparities in their access to business funding. In their effort to even the playing field, minority business owners continue to search for various funding resources.

Grants for Minority Business

Federal Grants

As part of their quest for funding, the first choice for minority business owners is to seek out grants. The belief that there are federal grants available for the start up and growth phases for small businesses is a myth. The federal government does not provide grants to businesses for start up, expansion, to cover operational expenses, or to pay off debts. However there are federal grants available in the areas of research in the fields of medicine, scientific research, education, and technology development. Here are a few such grants.

  1. Small Business Innovation Research(SBIR)/Small Business Technology Transfer (STTR) – This grant is for the purpose of funding small business projects that are research related. Research areas include the U.S. Department of Health and Human Service (HHS), Centers for Disease Control and Prevention (CDC), and the Food and Drug Administration (FDA). See a full list of program descriptions and research topics allowed on their site.
  2. The USDA Rural Business Enterprise Grant (RBEG) Program – The purpose of this grant is to finance the development of small and emerging businesses in rural areas. The amount of the award ranges from $10,000 to $50,000.

You can search additional federal grants at grants.gov .

Corporate Grants

We have included a list of some grants available to black and minority owned businesses.

  1. FedEx Small Business Grant Contest The FedEx Small Business Grant awards 10 different grants to small business owners in the following amounts: (1) grand prize grant of $25,000, (1) grant of $10,000, and (8) grants of $5,000. Deadline is January 12, 2015. To enter, the applicants must share their business story including their motivation and plans for growth. Winners will be announced April 21, 2015.
  2. The National Association for the Self Employed (NASE) Growth Grant Program This grant allows business owners to apply for financing for a particular business need. Each grant is worth up to $5,000. To apply visit nase.org, create an account, become a member, and click on the link apply today. Grants are awarded on a quarterly basis.
  3. MillerCoors Urban Entrepreneurs Series – This grant supports urban entrepreneurs by awarding up to $150,000 in business grants to five entrepreneurs annually.
  4. Huggies MomInspired Grant Program – Grant proposals are accepted from businesses that nurture the relationship between mother and child either through a product or service. The amount of the award is $15,000 plus additional business resources for further development.

Organizations that Provide Minority Business Grants

The Role of the SBA

While the SBA has the authority to provide grants to certain non-profit and educational organizations, it is not permitted to provide grants to small businesses, including minority owned businesses. However, minority business owners can take advantage of the SBA (8) a Business Development Program. The program assists qualifying minority-owned businesses develop and growth through one on one counseling, training workshops, management, and technical assistance.

The 8(a) program has been designed for some minority groups that are considered socially and economically disadvantaged. Those groups include: African American, Hispanic American, Native Americans, Asian Pacific Americans, and Subcontinent Asian Americans. A business must be at least 51% owned by a minority of the group listed. Other groups can apply for this program if they can prove that they have been discriminated against or are at an economic disadvantage. Those groups include: Alaska Native Corporations, Indian Tribes, Native Hawaiian Organizations, and Community Development Corporations.

To learn more about this program contact the local SBA office in your area.

The Minority Business Development Agency

Another great resource for minority business owners is the U.S. Department of Commerce’s Minority Business Development Agency (MBDA). MBDA maintains a national network of 44 business centers whose purpose is to assist minority businesses with access to capital, contracts, and new markets. The specialists that work at the business centers can assist with the grant application.

Minority Business Grants: The Process

Applying for a grant is not a quick process. First the application can be more than a few pages and it is normally a detailed application. Most grants have an opening date, which is the date when the grant became available for application. The deadline date is the final date you must submit your grant by. Keep in mind that the decision may take a few months.

Additional Grant Preparation Tips

  • Create a business plan – Writing a business plan is an important step. The business plan will act as the roadmap for your business. Be sure to provide specific information in the plan about your minority business and how it will improve the economy and your community.
  • Read through grant information thoroughly Once you have decided which grant you will apply for, make sure that you read through all of the information. This will ensure that you have all of your ducks in a row. Most grant synopsis’ are detailed and require a lot of specific information.
  • Keep track of the application deadline – Obviously it is important that you do not miss the deadline. So be sure to apply for the grant before the deadline. A good idea would be to create a project checklist which includes dates and milestones. It’s a good idea to submit the grant before the deadline approaches.
  • Gather all of your documents – Make sure you gather all of the documents required for the grant. Prepare a checklist, check, and double check. You do not want to have any missing documents that may cause the grant to be denied.




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Minority and Women Business Programs #cheapest #business #cards

#minority small business grants

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Minority and Women Business Programs

Topics

Minority and Women Business Programs

Q1. Are There Grants Available For Women And Minority Owned Businesses?

It is a common misconception that the US government can issue grants or free money‚ to help veterans, minorities, and women start their own businesses. This is simply not true. The United States federal, state and local governments have initiatives in place to help these populations but free money is not in the government s budget.

Q2. What Are The Ways That Government Assist Women And Minority Owned Businesses?

The most common way the government assists these audiences is through offering work contracts to businesses owned by minorities and/or women. Many large corporations also have contracting goals where purchasers will actively seek out minority and women owned businesses to contract with.

  • If you are interested in taking advantage of government and corporate contracts as a minority or women owned firm, visit our How Do I Find Government Contracts webpage
  • To register as a Minority Business Enterprise or Women s Business Enterprise visit the MWBE Certification site.

The Small Business Administration (SBA) also offers incentives to banks that sign business loans to qualified veterans, minorities, and women. More information can be found on the SBA s website at: http://www.sba.gov/category/navigation-structure/starting-managing-business/starting-business/establishing-business/business-types

LINK Indiana

Find a resource. Be a resource. View our online catalog of businesses you can turn to.

Workshops and Events

Classroom-Style Workshops, Online Training, and Small Business Award Ceremonies

Business FAQs

Find the answers to all of your small business questions here.

Interested in Partnering with the ISBDC? Find out more

Apply to Become a Client





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Minority and Women Business Programs #premium #business #cards

#minority small business grants

#

Minority and Women Business Programs

Topics

Minority and Women Business Programs

Q1. Are There Grants Available For Women And Minority Owned Businesses?

It is a common misconception that the US government can issue grants or free money‚ to help veterans, minorities, and women start their own businesses. This is simply not true. The United States federal, state and local governments have initiatives in place to help these populations but free money is not in the government s budget.

Q2. What Are The Ways That Government Assist Women And Minority Owned Businesses?

The most common way the government assists these audiences is through offering work contracts to businesses owned by minorities and/or women. Many large corporations also have contracting goals where purchasers will actively seek out minority and women owned businesses to contract with.

  • If you are interested in taking advantage of government and corporate contracts as a minority or women owned firm, visit our How Do I Find Government Contracts webpage
  • To register as a Minority Business Enterprise or Women s Business Enterprise visit the MWBE Certification site.

The Small Business Administration (SBA) also offers incentives to banks that sign business loans to qualified veterans, minorities, and women. More information can be found on the SBA s website at: http://www.sba.gov/category/navigation-structure/starting-managing-business/starting-business/establishing-business/business-types

LINK Indiana

Find a resource. Be a resource. View our online catalog of businesses you can turn to.

Workshops and Events

Classroom-Style Workshops, Online Training, and Small Business Award Ceremonies

Business FAQs

Find the answers to all of your small business questions here.

Interested in Partnering with the ISBDC? Find out more

Apply to Become a Client





Tags : , , , ,

Everything You Need to Know about Minority Business Grants – Small Business Blog #minority

#minority business grants

#

Everything You Need to Know about Minority Business Grants

Minorities are choosing entrepreneurship in leaps and bounds. The pool of minority-owned business includes members of the African American, Hispanic, Asian, and Native American ethnic groups. According to the SBA, this number rose to 14.6 percent in 2012 in part because of the growing Hispanic population in the U.S.

As with their non-minority counterparts, proper access to funding is crucial for the creation, growth, and sustainability of their businesses. Although minority business ownership is growing, there continues to be great disparities in their access to business funding. In their effort to even the playing field, minority business owners continue to search for various funding resources.

Grants for Minority Business

Federal Grants

As part of their quest for funding, the first choice for minority business owners is to seek out grants. The belief that there are federal grants available for the start up and growth phases for small businesses is a myth. The federal government does not provide grants to businesses for start up, expansion, to cover operational expenses, or to pay off debts. However there are federal grants available in the areas of research in the fields of medicine, scientific research, education, and technology development. Here are a few such grants.

  1. Small Business Innovation Research(SBIR)/Small Business Technology Transfer (STTR) – This grant is for the purpose of funding small business projects that are research related. Research areas include the U.S. Department of Health and Human Service (HHS), Centers for Disease Control and Prevention (CDC), and the Food and Drug Administration (FDA). See a full list of program descriptions and research topics allowed on their site.
  2. The USDA Rural Business Enterprise Grant (RBEG) Program – The purpose of this grant is to finance the development of small and emerging businesses in rural areas. The amount of the award ranges from $10,000 to $50,000.

You can search additional federal grants at grants.gov .

Corporate Grants

We have included a list of some grants available to black and minority owned businesses.

  1. FedEx Small Business Grant Contest The FedEx Small Business Grant awards 10 different grants to small business owners in the following amounts: (1) grand prize grant of $25,000, (1) grant of $10,000, and (8) grants of $5,000. Deadline is January 12, 2015. To enter, the applicants must share their business story including their motivation and plans for growth. Winners will be announced April 21, 2015.
  2. The National Association for the Self Employed (NASE) Growth Grant Program This grant allows business owners to apply for financing for a particular business need. Each grant is worth up to $5,000. To apply visit nase.org, create an account, become a member, and click on the link apply today. Grants are awarded on a quarterly basis.
  3. MillerCoors Urban Entrepreneurs Series – This grant supports urban entrepreneurs by awarding up to $150,000 in business grants to five entrepreneurs annually.
  4. Huggies MomInspired Grant Program – Grant proposals are accepted from businesses that nurture the relationship between mother and child either through a product or service. The amount of the award is $15,000 plus additional business resources for further development.

Organizations that Provide Minority Business Grants

The Role of the SBA

While the SBA has the authority to provide grants to certain non-profit and educational organizations, it is not permitted to provide grants to small businesses, including minority owned businesses. However, minority business owners can take advantage of the SBA (8) a Business Development Program. The program assists qualifying minority-owned businesses develop and growth through one on one counseling, training workshops, management, and technical assistance.

The 8(a) program has been designed for some minority groups that are considered socially and economically disadvantaged. Those groups include: African American, Hispanic American, Native Americans, Asian Pacific Americans, and Subcontinent Asian Americans. A business must be at least 51% owned by a minority of the group listed. Other groups can apply for this program if they can prove that they have been discriminated against or are at an economic disadvantage. Those groups include: Alaska Native Corporations, Indian Tribes, Native Hawaiian Organizations, and Community Development Corporations.

To learn more about this program contact the local SBA office in your area.

The Minority Business Development Agency

Another great resource for minority business owners is the U.S. Department of Commerce’s Minority Business Development Agency (MBDA). MBDA maintains a national network of 44 business centers whose purpose is to assist minority businesses with access to capital, contracts, and new markets. The specialists that work at the business centers can assist with the grant application.

Minority Business Grants: The Process

Applying for a grant is not a quick process. First the application can be more than a few pages and it is normally a detailed application. Most grants have an opening date, which is the date when the grant became available for application. The deadline date is the final date you must submit your grant by. Keep in mind that the decision may take a few months.

Additional Grant Preparation Tips

  • Create a business plan – Writing a business plan is an important step. The business plan will act as the roadmap for your business. Be sure to provide specific information in the plan about your minority business and how it will improve the economy and your community.
  • Read through grant information thoroughly Once you have decided which grant you will apply for, make sure that you read through all of the information. This will ensure that you have all of your ducks in a row. Most grant synopsis’ are detailed and require a lot of specific information.
  • Keep track of the application deadline – Obviously it is important that you do not miss the deadline. So be sure to apply for the grant before the deadline. A good idea would be to create a project checklist which includes dates and milestones. It’s a good idea to submit the grant before the deadline approaches.
  • Gather all of your documents – Make sure you gather all of the documents required for the grant. Prepare a checklist, check, and double check. You do not want to have any missing documents that may cause the grant to be denied.




Tags : , , , , , , , , , , ,

How to Apply for a Minority Business Grant (with Pictures) #business #school #rankings

#minority business grants

#

How to Apply for a Minority Business Grant

Minority-owned business grants are meant to help small businesses that are owned by members of minority populations who are considered to be socially or economically disadvantaged. These grants can be used to expand businesses or help a business develop new technologies or training practices. In order to qualify for a minority-owned business grant, your business must be at least 51% owned and operated by individuals from a minority population and must meet any specific eligibility criteria set forth by a grant.

Steps Edit

Part One of Three:
Becoming Certified as a Minority-Owned Business Edit

Meet the criteria for Minority Business Enterprise Certification (MBE). In order to qualify for many minority-owned business grants, you must first demonstrate that you meet the criteria for and MBE. One way to ensure that you qualify is to be certified as an MBE by the National Minority Supplier Development Council (NMSDC). [1] Certification significantly helps MBEs gain access to government contracts and grants. [2] In order to be certified, you must meet the following criteria:

  • You must be a U.S. citizen.
  • Your business must be at least 51% minority-owned operated and controlled. The NMSDC considers a person to be a member of a minority group if they are at least 25% Asian, Black, Hispanic or Native American. For publicly owned companies, at least 51% of the stock must be owned by one of more minority group members.
  • Your business must be for profit and located in the U.S. or one of its territories.
  • The management and daily operations of your business must run by the minority ownership member. [3]

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Collect business documents. Depending on the type of business entity, you may need to provide business documentation including, but not limited to:

  • Partnership agreements.
  • Cancelled checks from the business.
  • Business Meeting Minutes.
  • Articles of Incorporation.
  • Bylaws.
  • Corporate Banking Agreements.
  • Business lease information.
  • Proof of citizenship.
  • Proof of business insurance. [4]

Complete an online application. In order to become certified as an MBE by NMSDC, you must complete an online application located at http://www.nmsdc.org/mbes/mbe-certification/ The certification application may require the following information:

  • Name and contact information for the business.
  • Description of business’ products and/or services.
  • List of owners and shareholders.
  • Description of the type of business and business history.
  • Information about employees, including the number of minority employees.
  • Business owner information, including race/ethnic origin, gender, citizenship, and their role in the business.
  • Financial information about the business.
  • List of customer references. [5]

Pay your certification fee. In order to become a certified or recertified MBE, you must pay a certification fee that is linked to the region in which you live. The certification fees range from $350-$1200. In order to find the appropriate region for your business visit NMSDC’s website at http://www.nmsdc.org/mbe-certification/. The certification process can take up to 90 days.





Tags : , , , , , , , , ,

Minority and Women Business Programs #business #games

#minority small business grants

#

Minority and Women Business Programs

Topics

Minority and Women Business Programs

Q1. Are There Grants Available For Women And Minority Owned Businesses?

It is a common misconception that the US government can issue grants or free money‚ to help veterans, minorities, and women start their own businesses. This is simply not true. The United States federal, state and local governments have initiatives in place to help these populations but free money is not in the government s budget.

Q2. What Are The Ways That Government Assist Women And Minority Owned Businesses?

The most common way the government assists these audiences is through offering work contracts to businesses owned by minorities and/or women. Many large corporations also have contracting goals where purchasers will actively seek out minority and women owned businesses to contract with.

  • If you are interested in taking advantage of government and corporate contracts as a minority or women owned firm, visit our How Do I Find Government Contracts webpage
  • To register as a Minority Business Enterprise or Women s Business Enterprise visit the MWBE Certification site.

The Small Business Administration (SBA) also offers incentives to banks that sign business loans to qualified veterans, minorities, and women. More information can be found on the SBA s website at: http://www.sba.gov/category/navigation-structure/starting-managing-business/starting-business/establishing-business/business-types

LINK Indiana

Find a resource. Be a resource. View our online catalog of businesses you can turn to.

Workshops and Events

Classroom-Style Workshops, Online Training, and Small Business Award Ceremonies

Business FAQs

Find the answers to all of your small business questions here.

Interested in Partnering with the ISBDC? Find out more

Apply to Become a Client





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The Top 10 Grants Available to Black, Minority Business Owners #business #credit

#minority business grants

#

Free Money? The Top 10 Grants Available to Black, Minority Business Owners

Every year billions of dollars are awarded in the form of free money and other types of funding. Most people know this money exists, but just don t know where to apply, how much they qualify for, or even where to get an application.

Contrary to popular belief, free money is available to entrepreneurs. Real business grants do exist. In fact, hundreds of black and minority-owned businesses each year receive such grant funding from various government agencies and nonprofit organizations, reports BlackNews.com. Such funds do not have to be repaid, but must be used to either start a new business or enhance an existing one. Others can be used for innovation research.

Here are the top 10 small and minority business grant programs available:

1. The FedEx Small Business Grant Contest is a nationwide competition that will award $50,000 in total to six deserving U.S-based entrepreneurs and business owners. Go to www.businessgrants.org/opportunities/fedex_small_business_grant_contest.html

2. The National Association for the Self Employed (NASE) Growth Grants Program allows business owners to apply for financing a particular small business need. Past recipients used funds to purchase computers, hire part-time help, and create marketing materials. Visit www.businessgrants.org/opportunities/national_association_self_employed_nase_business_grants.html

3. The Dare to Dream Grant Program encourages students to move through the business creation process by offering business development seminars and up to $10,000 in funding. Learn more at www.businessgrants.org/opportunities/dare_to_dream_grant_program.html

4. The Miller Lite Tap the Future Business Plan Competition (formerly known as the MillerCoors Urban Entrepreneur Series) is an annual competition for minority business owners sponsored by Miller Lite. Designed to economically empower minority businesses, the program continues to invest in entrepreneurial dreams to empower urban communities. Learn more at MLTaptheFuture.com

5. The Small Business Administration (SBA) administers several competitive business grant programs, ensuring that the nation s small, high-tech, innovative businesses are a significant part of the federal government s research and development efforts. Check out www.businessgrants.org/opportunities/sbir_small_business_research_innovation_grants.html

6. The Minority Business Development Agency (MBDA) organizes various angel investors with the primary objective of supporting minority businesses with mezzanine and second round financing. Learn more at www.businessgrants.org/opportunities/minority_business_development_agency_mbda_business_grants.html

7. The Rural Business Enterprise Grants (RBEG) Program provides grants to finance the development of small and emerging businesses in rural areas. The funds can be used for land acquisition, construction, renovation, technical assistance, project planning, and more. Visit www.businessgrants.org/opportunities/rural_business_enterprise_grants_rbeg_program.html

8. The Huggies MomInspired Grant Program awards grants and business resources to moms to further the development of original product ideas and startup businesses. Learn more at www.businessgrants.org/opportunities/huggies_mom_inspired_grant_program.html

9. The DOT Disadvantaged Business Enterprise (DBE) program is intended to ensure nondiscrimination in the award and administration of DOT-assisted contracts in the Department s highway, transit, airport, and highway safety financial assistance programs. Learn more at www.businessgrants.org/opportunities/dot_disadvantaged_business_enterprise_program.html

10. The Small Business Innovation Research (SBIR) program provides grant funding to small businesses to engage in biomedical or behavioral research/development that leads to a potential for commercialization. Go to www.businessgrants.org/opportunities/sbir_small_business_research_innovation_grants.html

To learn about more 2014 business grant programs, visit www.BusinessGrants.org .



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Tags : , , , , , , , , ,

Minority and Women Business Programs #printing #business #cards

#minority small business grants

#

Minority and Women Business Programs

Topics

Minority and Women Business Programs

Q1. Are There Grants Available For Women And Minority Owned Businesses?

It is a common misconception that the US government can issue grants or free money‚ to help veterans, minorities, and women start their own businesses. This is simply not true. The United States federal, state and local governments have initiatives in place to help these populations but free money is not in the government s budget.

Q2. What Are The Ways That Government Assist Women And Minority Owned Businesses?

The most common way the government assists these audiences is through offering work contracts to businesses owned by minorities and/or women. Many large corporations also have contracting goals where purchasers will actively seek out minority and women owned businesses to contract with.

  • If you are interested in taking advantage of government and corporate contracts as a minority or women owned firm, visit our How Do I Find Government Contracts webpage
  • To register as a Minority Business Enterprise or Women s Business Enterprise visit the MWBE Certification site.

The Small Business Administration (SBA) also offers incentives to banks that sign business loans to qualified veterans, minorities, and women. More information can be found on the SBA s website at: http://www.sba.gov/category/navigation-structure/starting-managing-business/starting-business/establishing-business/business-types

LINK Indiana

Find a resource. Be a resource. View our online catalog of businesses you can turn to.

Workshops and Events

Classroom-Style Workshops, Online Training, and Small Business Award Ceremonies

Business FAQs

Find the answers to all of your small business questions here.

Interested in Partnering with the ISBDC? Find out more

Apply to Become a Client





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