In recent years, Black-owned businesses have grown at the fastest pace in 30 years. However, despite growing optimism, the path to success for Black entrepreneurs is still paved with systematic barriers in 2024.
In addition to the regular pressures of running a business in this climate, Black business owners have to contend with discriminatory lending practices from banking institutions and racial prejudices from buyers – with a recent report revealing that 76% of Black business owners claim they’ve experienced racism from a customer.
In spite of these roadblocks, there are a growing number of Black-owned business grants available, designed to help close the gap and make the business landscape more diverse. If this sounds like something that might benefit you, we’ve rounded up seven grant programs that should be on your radar, including their funding amounts, eligibility criteria, and application deadlines.
Recent Comments