Thursday, February 21, 2019

small business grants

small business grants


$50,000 up for grabs in FedEx small business contest - Tacoma News Tribune

Posted: 20 Feb 2019 02:39 PM PST

Small business owners, FedEx knows you're busy, but it still wants you to enter its contest.

The annual FedEx Small Business Grant contest offers "grants and services to 10 U.S. based small businesses, distributing a collective prize pool of $220,500 — the largest sum since the contest was established in 2012," according to a company news release.

Winners also will receive an additional dollar amount in credit to use for FedEx Office print and business services as well as packages "to help with website optimization, design thinking, social media and print expertise."

Top prize is $50,000, plus $7,500 in FedEx Office print and business services. Other cash awards are offered.

2018's winner was a Chicago company, Rumi Spice, which sells saffron imported from Afghanistan.

The contest is open to U.S.-based small businesses (fewer than 99 employees) in operation for six months or more.

To enter, visit www.fedex.com/grantcontest and enter contact information along with a short profile about your business with four photos of your business or product. You also can submit a 90-second "elevator speech" video. The contest runs until March 25; voting to take place from Feb. 27 to April 1. Winners will be announced April 29 at the grant contest website.

Business grant program helps Augusta woman relocate salon home - The Augusta Chronicle

Posted: 20 Feb 2019 01:06 PM PST

Angela Reed felt it was time for something different and decided to relocate her hair salon business from Columbia County to Augusta.

The new location for Salon 419 on 2368 Barton Chapel Road is actually across the street from where she grew up. Reed lived in Barton Village and went to Glenn Hills High School, so she is familiar with the area. One of her clients told her about the location.

"I got to looking and then one of my clients, she told me about this particular place and I was like, "I don't know"," Reed said. "I kept looking for different places and I still kept coming back here."

She closed her Columbia County location in March and had to work at another salon until she was able to relocate to her new spot. A ribbon-cutting ceremony Wednesday made the relocation official.

Her relocation was made easier by a $10,000 grant by the city as part of its Seeds for Life program. Reed said the money helped with plumbing, electrical work and installing a sign for her business. She hopes to hire a young person to teach about hair services and plans to offer massage services to customers in the area.

The program aims to boost local small businesses with a grant that can be used for expansion, equipment or other things to help the business grow. Hawthorne Welcher, director of the Housing and Community Development department, said the department decided to take out $100,000 from the small business loan program to grant $10,000 to 10 small businesses.

"The Seeds for Life program was a program where we wanted to focus on business that were already existing for 12 to 18 months," he said. "There are products that we have for the new business owner, but this program was to further grow or sustain businesses that were already in existence."

The program was delayed last year   to make sure everything was in place before granting the money, Welcher said. The department expects to continue the program in 2019 and beyond.

Welcher said helping small businesses stay in the area also helps create a skilled workforce that can positively impact any business. He said the department is focused on helping small businesses in any way.

"It's really at the forefront of what we do," Welcher said. "We are focused this year in keeping the small business at the center and that is very important because it's not just about creating small businesses, but it's about teaching them ways to sustain."

Reed encourages other small business owners to take advantage of the program. She is glad the city is helping small businesses in the area.

"They want to see our city grow and they are willing to help. They didn't just say, 'here is all this money' and turned their back. No, they didn't do that. They are still stopping by," Reed said. "They really help and I'm thankful for the city of Augusta. I know, at times, certain things can be slow, but overall, they have their best interests at heart."

5 Small Business Grants for Black Women Entrepreneurs in 2019 - Black Enterprise

Posted: 31 Jan 2019 12:00 AM PST

As women-owned businesses continue to grow, one of the significant obstacles they face is unequal access to funding and venture capital. While most people seek business loans, small business grants provide the capital needed to start or grow a business. Also, grants do not need to be paid back as long as the requirements and obligations are met. The following small business grants for black women entrepreneurs provides them with the capital to take their startup or established business to the next level.

5 Small Business Grants for Black Entrepreneur Women in 2019

Cartier Women's Initiative Award

Industry: Any

Grant Amount: $100,000 and $30,000

Cartier Women's Initiative Award is an annual business grant for early phase (1 to 3 years) for-profit, women-led businesses. Women must have a significant stake in the business in the role of director, general manager, or CEO.

The first place winning package awards seven women entrepreneurs with $100,000 in prize money and one-on-one personalized business mentoring.

The second place winning package, awarded to 14 finalists, includes $30,000 in prize money. The women-owned or women-led business must be designed to generate revenue.

Eligible applicants must be women entrepreneurs 18 years of age or the legal majority age in the country of citizenship at the close date of the application submission.

Application submission opens June 2019 for 2020 award.

The Halstead Grant

Industry: Jewelry Design

Grant Amount: $7,500 cash award and $1,000 in merchandise

The Halstead Grant is for women entrepreneurs in the early phase (less than 3 years) of business in the jewelry industry. This annually awarded grant includes $7,500 for startup capital, $1,000 of Halstead jewelry supplies, and recognition in the jewelry industry.

The grant application process requires applicants to answer a series of questions regarding their business goals and strategies. All applicants receive feedback from the judges about their business plan

Application deadline is Aug. 1st.

#GIRLBOSS Foundation Grant

Industry: Design, Fashion, Music, the Arts, etc.

Grant Award: $15,000

The #GIRLBOSS Foundation Grant is for individual for-profit women business owners in industries of design, fashion, music, and the arts. The grant of $15,000 is awarded twice a year.

Eligible applicants must be United States citizens and at least 18 years of age or older at the time of the closing date of application submission.

Business entities, organizations, or companies are not eligible.

Application submission is currently open.

Amber Grant

Industry: Any

Grant Amount: $10,000

The Amber Grant was established in honor of a young lady named Amber. Amber passed away before she had an opportunity to fulfill her dream of being an entrepreneur at the age of 19. This grant of $1,000 is awarded to women entrepreneurs in any industry monthly. The 12 grant winners get a chance to win a $10,000 grant funds for their business.

Eligible applicants must be U.S. or Canadian citizens and 18 years of age at the close date of application submission. An application fee of $15 is required.

Application submission is currently open.

Open Meadows Foundation

Industry: Non-Profit programs benefiting Women and Girls

Grant Award: $75,000

The Open Meadows Foundation wants to change the world! The $2,000 grant is awarded twice a year to women-backed organizations with projects focused on "activism, political change, and empowerment directed by and benefiting women and girls." The organization must have limited access to funding and an operational budget of less than $75,000.

Eligible applicants must have tax-exempt status under 501C3 of the Internal Revenue Code (IRC) or a fiscal sponsor with this IRC designation. Small and startup organizations are given priority in the application review process.

Deadlines for grant proposals via email are 12:00 midnight EST on Feb. 15 and Aug. 15.


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Tarra Jackson

Tarra Jackson is the author of "Financial Fornication" and a freelance writer and media personality, contributing on a range of business and financial topics. She is also a guest financial contributor for the Rickey Smiley Morning Show and Al Jazeera News.

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