Grants for Minority-Owned Businesses and Organizations
Minority-owned businesses and organizations serving communities of color have access to dedicated funding through federal equity programs, the Minority Business Development Agency (MBDA), and foundations committed to racial equity. These grants support business development, community programs, and institutional capacity building.
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Frequently Asked Questions: Grants for Minorities
What is the MBDA and what grants do they offer?
The Minority Business Development Agency (MBDA) is the only federal agency dedicated to minority business development. They fund Business Centers providing consulting, Capital Readiness programs, and the Equity in Contracting initiative. MBDA grants support the organizations that serve minority entrepreneurs, not individual businesses directly.
Are there SBA 8(a) grants for minority businesses?
The SBA 8(a) Business Development program is not a grant but provides access to sole-source federal contracts, mentoring, and business development assistance for socially and economically disadvantaged small businesses. This program is one of the most impactful federal resources for minority-owned businesses.
What foundations fund racial equity work?
Major foundations including Ford Foundation, W.K. Kellogg Foundation, Robert Wood Johnson Foundation, and the Kresge Foundation have significant racial equity funding. Community foundations often have designated funds for minority-serving organizations. The Fund for Shared Insight supports community-driven equity work.
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