Are You a Current or Potential BIPOC Business Owner Looking for Funding?
Small businesses are at the heart of the United States economy and according to recent statistics, increased diversity in these businesses yields better results. This means creating more opportunities for BIPOC (Black, Indigenous, and People of Color) business owners.
A Boston Consulting Group survey of employees in 1,700 companies showed that companies with diverse management teams earn 19 percent more revenue. A similar report by McKinsey & Company also found that companies with diverse executive teams were 33 percent more likely to outperform their peers on profitability.
As far as businesses themselves, there has been a steady increase in diverse business owners as well. Over the last decade, minority business owners have accounted for over 50 percent of new businesses started.
Grant opportunities for people of color have also increased in recent years. Today, GrantWatch.com has compiled a list of grants specifically to help benefit BIPOC business owners and entrepreneurs.
Top Grants for Minority-Owned Businesses/Start-ups
- Grants and in-kind services are available to Black female business owners to foster growth.
- An opportunity is open to Black-led startups to participate in an accelerator program.
- Grants in business development are available to BIPOC self-employed business owners
- Opportunities are open to Black-owned businesses to participate in a business development program.
- There are also grants available to BIPOC-owned small businesses to build capacity.
- And grants are also available to Black women to increase diversity in entrepreneurship.
- There is an opportunity available for Black business owners to participate in a business accelerator.
- Opportunity for USA students at HBCUs to participate in a business accelerator program. Participants will receive a $5,000 stipend as well as in-kind support to grow their business idea.
- Finally, there is an opportunity for Latina-owned businesses to participate in a professional development program.
GrantNews Notes
Looking for more grants like the ones on this list? GrantWatch has an entire BIPOC category with more than 200 grants listed for small businesses. GrantWatch.com is the leading grant listing directory with more than 8,000 grants currently available. Upgrade to a MemberPlus+ to view the full grant details. This includes eligibility criteria and application information. For more information, you can also visit the GrantWatch FAQ page.
About GrantWatch
A trusted resource since 2010. For more than 16 years, GrantWatch has helped nonprofits, small businesses, schools, government agencies, and individuals discover funding opportunities and navigate the grant process with confidence. Thousands of organizations rely on GrantWatch's extensive database of verified grants and funding resources to identify opportunities and secure support for meaningful projects.
Today, GrantWatch supports organizations across the full grant lifecycle through a single, streamlined platform. In addition to access to more than 11,000 active, verified, and human-curated grant opportunities, the platform includes a centralized Dashboard that serves as the command center for the GrantWatch Full Grant Lifecycle Platform, giving users a centralized view of opportunities, deadlines, research, and workflow activity across the 12-stage Grant Pipeline. Users also benefit from integrated tools including the AI Grant Finder, AI Grant Writing Tool, My Grant Calendar, Grant Alerts, Foundation Search, and Awarded Grant Search, helping move funding efforts from discovery to award and measurable impact.
GrantWatch, founded by Libby Hikind, is the author of The Queen of Grants series, including The Queen of Grants series: The Queen of Grants: From Teacher to Grant Writer to CEO and The Queen of Grants 2: GrantTalk Secrets for the New Era of Writing. Drawing on decades of experience in the grants industry, GrantWatch was created to simplify how organizations discover, evaluate, and pursue funding opportunities.
