News
Facts and stats about Black-owned businesses
Bankrate pulls together the numbers; For instance, Black-owned businesses employ more than 1 million people in the US.
21 funding options for Black-owned companies
The US Chamber rounds up some great opportunities, including from VCs and CDFIs.
Apply for a business scholarship for entrepreneurs
From April 8 through May 23, entrepreneurs can apply for a $10,000 Diverse Business Scholarship sponsored by Bank of America, funded through the generosity of Bank of America’s third parties, and administered by Scholarship America.
How to raise VC funding if you’re a Black tech founder
Forbes reveals how Black entrepreneurs can beat the odds.
56 grants, loans and programs for small business
The US Chamber has rounded up dozens of financial opportunities available around the country.
21 ways for minority businesses to find funding
Small Business Trends lists everything from traditional lenders to nonprofits and online sources.
In Indiana, the new Nile Capital Fund provides $1.5 million for Black businesses
The Be Nimble Foundation, Cummins Inc., the City of Indianapolis and IMPACT Central Indiana are behind the fund, says the Indianapolis Recorder .
Why VC Luke Cooper is betting on underrepresented founders
The managing director of Latimer Ventures talks to Forbes about finding and funding great businesses.
46 grants, loans and programs to benefit your small business
The US Chamber’s extensive list showcases both broad-based programs and industry-specific funds.
Top small business grants to propel growth
Business.com rounds up grants from federal, state and local governments, as well as corporations.
A new pitch competition for Black entrepreneurs in Knoxville
The Crown Pitch event will also be a way to celebrate Juneteenth, says Knox News.
Richelieu Dennis’ New Voices Fund supports Black entrepreneurs
The founder of Sundial Brands wants to create an economic infrastructure, says Adweek.
In Omaha, helping Black, Indigenous and People of Color small business owners access capital
Omaha 100 is aimed at minority small business owners who have previously lacked access to loans, reports EIN News.
Tulane launches $10 million startup fund for women and minority entrepreneurs in New Orleans
The university’s fund will make available up to $200,000 per applicant, reports nola.com.
A $50 million tech venture fund empowers Black and inclusive startups
Pittsburgh-based Black Tech Nation is dedicated to fostering change and creating opportunities, reports Pittsburgh magazine.
How to acquire venture capital: Advice from 3 Black founders
In Good Housekeeping, these founders tell how they achieved funding and what they learned along the way.
6 small business grants for minorities
BankRate’s list of sources ranges from the Coalition to Back Black Businesses to Grants.gov.
A new fund for health startups led by diverse teams and women
Pier 70 Ventures aims to raise $100 million for its first fund, says GeekWire.
Macy’s is investing $30 million in minority-owned businesses
The store chain will provide funding to businesses run by founders in the retail industry, says the New York Times.
Current small-business grants for women and minority entrepreneurs
Small Business Trends rounds up the latest opportunities that can help level the entrepreneurial playing field.
What you can learn from one Black woman founder’s successful pitch deck
Insider shows the step-by-step from Osahon Ojeaga, cofounder of hair extension startup Nourie, which raised $2.5 million in seed money.
Health care founders of color can get help from accelerators
California Health Care Foundation showcases accelerators that offer both financial and technical assistance.
Our Village United, with support from Walmart, launches incubator for Black women founders
Essence reports that Walmart’s grant to OVU will help provide retail-facing small businesses with the tools and resources they need to thrive.
McKinsey is looking for the “next Black unicorn”
The company announced its Next 1B business acceleration program for Black-owned consumer and retail brands, says Black Enterprise.
Financial support for Black-owned businesses
This overview from Bankrate includes potential funding sources as well as organizations that can help connect Black-owned businesses to capital.
A new small-business down payment grant program for women and minority founders
Bank of America’s new program offers grants for SBA 504 and 7(a) commercial real estate loans for women and minority business owners.
Cisco’s Aspire Fund invests in startups led by people of color and women
Launched in 2020, Aspire also invests in venture funds led by diverse founders, says CRN.com.
Do you know about these 5 great sources of business funding?
Go Banking Rates rounds up resources that can be especially helpful for women and minorities.
Jrue and Lauren Holiday’s fund helps Black-owned businesses to thrive
JLH Social Impact Fund was founded by husband-wife team NBA star Jrue Holiday and retired soccer champ Lauren Cheney Holiday, says SI.
10 great grants and resources for minority-owned businesses
Nerd Wallet rounds up grants and sources to help small businesses bridge the funding gap.
SOAR has money for small businesses in Florida and the US South
Entrepreneurs can apply for loans of as much as $100,000, reports Public News Service.
With $412 million in assets, this VC fund says 69% of its companies have BIPOC founders
Majority Black-owned MaC Venture Capital also notes that 36% of its portfolio companies are led by women founders, reports US News.
A new fund helps Detroit’s Black and Brown developers scale their businesses
Ebiara has $11 million to provide early-stage capital to minority-owned companies, says Black Enterprise.
23 investors looking to fund women, Black, Latin and LGBTQ founders
B2 catalogues VCs that are on a mission to improve the flow of capital to underrepresented groups.
What Black and women founders need to know about raising capital
Black Enterprise covers everything from presentations to exits.
Detroit-area resources that connect Black business owners with capital
Model D rounds up organizations that help Black entrepreneurs find loans, grants and other types of funding.
Base10 is the first Black-owned VC with more than $1 billion under management
The world's largest Black-led venture capital fund, Base10 recently closed a new $460 million fund for early-stage investments.
Dallas hopes to attract diverse entrepreneurs with new $20 million fund
Impact Ventures wants to make the city a hub for “under-estimated” founders, says Dallas Innovates. Above, Benjamin Vann, founder and CEO at Impact Ventures.
A new $50 million private equity fund for women and underrepresented founders
The Innovate Capital Growth Fund will invest in small business in Pennsylvania, New Jersey and other mid-Atlantic states, says The Philadelphia Inquirer.
