What Are Some Grants for Black Female-Owned Businesses?

August 31, 2023
August 31, 2023 Taneika Farmiloe

What Are Some Grants for Black Female-Owned Businesses?

To provide valuable insights into grants for black female-owned businesses, we’ve gathered responses from five experienced CEOs and Founders. From the Eileen Fisher Grant to the African American Women in Business Grant, discover the top five grants these leaders recommend.

  • Eileen Fisher Women-Owned Business Grant
  • Coalition to Back Black Businesses
  • Open Meadows Foundation
  • Amber Grant for Women
  • African American Women in Business Grant

Eileen Fisher Women-Owned Business Grant

The Eileen Fisher Women-Owned Business Grant supports women entrepreneurs, including black females, who focus on environmental and social change. While not exclusively for black females, it provides funding and resources for their businesses.

More information can be found at: https://www.eileenfisher.com/grants/women-owned-business-grants 

Jason CheungJason Cheung
Operations Manager, Credit KO

Coalition to Back Black Businesses

As the CEO of Bemana, a recruiting firm working in the equipment and industrial sector, I am determined to diversify the industrial sector. I am a big fan of the Coalition to Back Black Businesses because it focuses on economically vulnerable communities—places where infrastructure development can reap big rewards.

Alongside investments of up to $30,000, its network of mentors guides businesses to long-term success. This hands-on commitment means recipients make the most of their money.

You can find more information on their website: https://webackblackbusinesses.com/. Check if your business is in a zip code designated as “economically distressed.”

Equipment and industrial companies, like those in the HVAC or solar sector, are underrepresented. If that describes your business, consider applying! The industry needs you.

Linn AtiyehLinn Atiyeh
CEO, Bemana

Open Meadows Foundation

The Open Meadows Foundation supports projects led by women and girls, including black female entrepreneurs. While not exclusively for businesses, it can provide funding for specific initiatives. For example, a black female entrepreneur with a project focused on sustainable fashion could apply for this grant. More details can be found at http://www.openmeadows.org/grants/.

Roy LauRoy Lau
Co-Founder, 28 Mortgage

Amber Grant for Women

The Amber Grant for Women is one grant that supports black, female-owned businesses. It’s not exclusive to black women, but it’s open to all female entrepreneurs. This grant awards $10,000 to one woman-owned business each month.

Grant Details: https://ambergrantsforwomen.com/ 

Although it’s not specifically targeted at black, female entrepreneurs, it’s a valuable resource for women business owners seeking financial support for their ventures. It’s crucial to continue exploring additional grants and resources tailored for black, female entrepreneurs to ensure equitable opportunities for underrepresented business owners.

Aviad FaruzAviad Faruz
CEO, Know Mastery

African American Women in Business Grant

The African American Women in Business Grant specifically targets black female-owned businesses. It provides financial assistance, mentorship, and resources to help these businesses succeed.

This grant program offers a unique opportunity for black women entrepreneurs looking to access the support they need to thrive. More information about this grant can be found at https://www.aawbc.org/.

Ben LauBen Lau
Founder, Featured SEO Company

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