Grants to support Black, Indigenous, and Latina Owned Businesses in Minnesota
In partnership with Founders First CDC and NEOO, the Center for Economic Inclusion Vanguard Accelerator is offering Black, Indigenous, and Latina-owned businesses capital investment and funding to accelerate their growth.
Donor Name: Center for Economic Inclusion
State: Minnesota
County: Selected Counties
Type of Grant: Grant
Deadline: 05/16/2023
Size of the Grant: $5,000
Details:
Funding Information
The fund will make investments of $5,000 each to ten Black, Indigenous, or Latina owned businesses Minneapolis or St. Paul region.
Access to Forgivable Loans: Depending on the need and scope, grant recipients will also receive access to forgivable loans ranging from $25,000 to $250,000.
Explore Options for Site Redevelopment or Acquisition: Based on stage of growth and need, explore options for acquiring or redeveloping a brick-and-mortar property to expand your business.
How it works
Complete a full application which includes information about your business, organization chart, Profit & Loss (P&L) statement and a short pitch video
All semi-finalists will have the opportunity to complete asynchronous fund-ready assessment
All completed applications will be reviewed and ten grant semi-finalists will be selected for their final judging round
All finalists are announced during a live press event after confirming participation in a required accelerator program.
Eligibility Criteria
Identify as a Black, Indigenous, or Latina owned business
Minimum of 3 years in business
3 or more full-time employees
Business annual revenue between $75,000 to $3M
Business located in the Minneapolis or St. Paul region
Current business model Business-to-Business (B2B) only.
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