{"id":19469,"date":"2022-05-16T09:20:49","date_gmt":"2022-05-16T13:20:49","guid":{"rendered":"https:\/\/www.grantwatch.com\/grantnews\/?p=19469"},"modified":"2022-05-26T10:04:43","modified_gmt":"2022-05-26T14:04:43","slug":"target-to-invest-2-billion-in-black-owned-businesses","status":"publish","type":"post","link":"https:\/\/www.grantwatch.com\/grantnews\/target-to-invest-2-billion-in-black-owned-businesses\/","title":{"rendered":"Target to Invest $2 Billion in Black-owned Businesses"},"content":{"rendered":"\n<p>Target has <a href=\"https:\/\/corporate.target.com\/press\/releases\/2021\/04\/Target-Commits-to-Spending-More-Than-2-Billion-wit\" target=\"_blank\" rel=\"noreferrer noopener\">pledged<\/a> to invest $2 billion in Black-owned businesses by the end of 2025. Since the pledge, the retailer has increased investments by more than 50% with Black-owned brands, companies and suppliers. <\/p>\n\n\n\n<p>Now, more than ever, there are numerous funding opportunities available to BIPOC small businesses. <a href=\"https:\/\/www.grantwatch.com\/grants-for-small-business\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>GrantWatch.com<\/strong><\/a> is the leading grant listing directory and hosts more than <a href=\"https:\/\/www.grantwatch.com\/grants-for-small-business\/cat\/53\/bipoc-grants.html\" target=\"_blank\" rel=\"noreferrer noopener\">200 verified grants<\/a> open to BIPOC-owned businesses. <\/p>\n\n\n\n<h5 class=\"wp-block-heading\"><strong>Investing in the future with the &#8216;Forward Founders&#8217; program<\/strong><\/h5>\n\n\n\n<p>Recognizing the need to further support historically underrepresented founders, Target has recently launched the <strong><a href=\"https:\/\/targetaccelerators.com\/programs\/target-forward-founders\/\" target=\"_blank\" rel=\"noreferrer noopener\">Forward Founders<\/a><\/strong> program. This accelerator program engages diverse early-stage companies looking to better understand retail. <\/p>\n\n\n\n<p>Aiming to increase the next wave of wealth-building companies, Forward Founders helps BIPOC businesses navigate critical stages, including brainstorming, product development, and scaling for mass retail. Since launching, Forward Founders has supported more than 30 Black entrepreneurs and a total of 60 BIPOC founders.<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-full is-resized\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.grantwatch.com\/grantnews\/wp-content\/uploads\/2022\/05\/be-rooted-jasmin-foster.jpg.webp\" alt=\"\" class=\"wp-image-19470\" width=\"900\" height=\"473\" srcset=\"https:\/\/www.grantwatch.com\/grantnews\/wp-content\/uploads\/2022\/05\/be-rooted-jasmin-foster.jpg.webp 1200w, https:\/\/www.grantwatch.com\/grantnews\/wp-content\/uploads\/2022\/05\/be-rooted-jasmin-foster.jpg-300x158.webp 300w, https:\/\/www.grantwatch.com\/grantnews\/wp-content\/uploads\/2022\/05\/be-rooted-jasmin-foster.jpg-700x368.webp 700w, https:\/\/www.grantwatch.com\/grantnews\/wp-content\/uploads\/2022\/05\/be-rooted-jasmin-foster.jpg-768x403.webp 768w, https:\/\/www.grantwatch.com\/grantnews\/wp-content\/uploads\/2022\/05\/be-rooted-jasmin-foster.jpg-390x205.webp 390w\" sizes=\"auto, (max-width: 900px) 100vw, 900px\" \/><figcaption> Jasmin Foster, founder&nbsp;of <strong><a href=\"https:\/\/berootedco.com\/pages\/our-founder-journals-stationery-stationary\" target=\"_blank\" rel=\"noreferrer noopener\">Be Rooted<\/a><\/strong><\/figcaption><\/figure><\/div>\n\n\n\n<p>Jasmin Foster&nbsp;was a part of the inaugural Forward Founders class. Her business, <a href=\"https:\/\/berootedco.com\/pages\/our-founder-journals-stationery-stationary\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Be Rooted<\/strong><\/a>, is an inclusively designed stationery brand, which is now carried by Target.<\/p>\n\n\n\n<p>\u201cAs a solo founder, the early-stage support, mentorship and insight the program offered was invaluable in bringing my vision to the next level,\u201d said Foster.<\/p>\n\n\n\n<h5 class=\"wp-block-heading\"><strong>What is an Accelerator Program?<\/strong><\/h5>\n\n\n\n<p>An acceptance into an accelerator is a huge accomplishment! Additionally, these programs give young startups funding opportunities and mentorship. The key benefits of a startup accelerator include:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Seed funding<\/li><li>Training<\/li><li>Networking<\/li><li>Private space\/offices<\/li><li>Pitch to potential investors<\/li><\/ul>\n\n\n\n<p>Furthermore, accelerators are playing an increasing role in startup communities. Unlike a standard grant, accelerators have the ability to teach valuable skill sets and proper management traits.&nbsp;<\/p>\n\n\n\n<p><strong>To view more accelerator programs that are currently available to <a href=\"https:\/\/www.grantwatch.com\/grant-search.php?keyword=startup\" target=\"_blank\" rel=\"noreferrer noopener\">startups<\/a> and <a href=\"https:\/\/www.grantwatch.com\/grant-search.php?keyword=entrepreneur\" target=\"_blank\" rel=\"noreferrer noopener\">entrepreneurs<\/a>, visit GrantWatch.com. <\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Target has pledged to invest $2 billion in Black-owned businesses by the end of 2025. Since the pledge, the retailer<\/p>\n","protected":false},"author":20,"featured_media":19492,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_sb_is_suggestion_mode":false,"_sb_show_suggestion_boards":false,"_sb_suggestion_history":"","_sb_update_block_changes":"","_is_real_time_mode":false,"_realtime_collaborators":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"enabled":false},"version":2}},"categories":[138,147],"tags":[],"class_list":["post-19469","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-latest"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.8.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Target to Invest $2 Billion in Black-owned Businesses | Apply Now!<\/title>\n<meta name=\"description\" content=\"Target pledges to invest in Black-owned businesses. Learn how BIPOC businesses and founded brands can now apply for grant funding.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.grantwatch.com\/grantnews\/target-to-invest-2-billion-in-black-owned-businesses\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Target to Invest $2 Billion in Black-owned Businesses | Apply Now!\" \/>\n<meta property=\"og:description\" content=\"Target pledges to invest in Black-owned businesses. Learn how BIPOC businesses and founded brands can now apply for grant funding.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.grantwatch.com\/grantnews\/target-to-invest-2-billion-in-black-owned-businesses\/\" \/>\n<meta property=\"og:site_name\" content=\"GrantNews\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/pages\/GrantWatch\/162625900556850\" \/>\n<meta property=\"article:published_time\" content=\"2022-05-16T13:20:49+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-05-26T14:04:43+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.grantwatch.com\/grantnews\/wp-content\/uploads\/2022\/05\/target-black-owned-business-grants-700x394.png\" \/>\n\t<meta property=\"og:image:width\" content=\"700\" \/>\n\t<meta property=\"og:image:height\" content=\"394\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Nikita\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@grantwatch\" \/>\n<meta name=\"twitter:site\" content=\"@grantwatch\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Nikita\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/www.grantwatch.com\/grantnews\/target-to-invest-2-billion-in-black-owned-businesses\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.grantwatch.com\/grantnews\/target-to-invest-2-billion-in-black-owned-businesses\/\"},\"author\":{\"name\":\"Nikita\",\"@id\":\"https:\/\/www.grantwatch.com\/grantnews\/#\/schema\/person\/084d66842ef8fb1e9a91018157707f60\"},\"headline\":\"Target to Invest $2 Billion in Black-owned Businesses\",\"datePublished\":\"2022-05-16T13:20:49+00:00\",\"dateModified\":\"2022-05-26T14:04:43+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.grantwatch.com\/grantnews\/target-to-invest-2-billion-in-black-owned-businesses\/\"},\"wordCount\":296,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/www.grantwatch.com\/grantnews\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.grantwatch.com\/grantnews\/target-to-invest-2-billion-in-black-owned-businesses\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.grantwatch.com\/grantnews\/wp-content\/uploads\/2022\/05\/target-black-owned-business-grants.png\",\"articleSection\":[\"Business\",\"Latest\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.grantwatch.com\/grantnews\/target-to-invest-2-billion-in-black-owned-businesses\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.grantwatch.com\/grantnews\/target-to-invest-2-billion-in-black-owned-businesses\/\",\"url\":\"https:\/\/www.grantwatch.com\/grantnews\/target-to-invest-2-billion-in-black-owned-businesses\/\",\"name\":\"Target to Invest $2 Billion in Black-owned Businesses | Apply Now!\",\"isPartOf\":{\"@id\":\"https:\/\/www.grantwatch.com\/grantnews\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.grantwatch.com\/grantnews\/target-to-invest-2-billion-in-black-owned-businesses\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.grantwatch.com\/grantnews\/target-to-invest-2-billion-in-black-owned-businesses\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.grantwatch.com\/grantnews\/wp-content\/uploads\/2022\/05\/target-black-owned-business-grants.png\",\"datePublished\":\"2022-05-16T13:20:49+00:00\",\"dateModified\":\"2022-05-26T14:04:43+00:00\",\"description\":\"Target pledges to invest in Black-owned businesses. 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These businesses and entrepreneurs aren't just about profit; they're about passion, culture, and legacy. From local shops to innovative startups, Black business owners\u2026","rel":"","context":"In &quot;Business&quot;","block_context":{"text":"Business","link":"https:\/\/www.grantwatch.com\/grantnews\/business\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.grantwatch.com\/grantnews\/wp-content\/uploads\/2024\/08\/Black-Small-Business-Month-2.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.grantwatch.com\/grantnews\/wp-content\/uploads\/2024\/08\/Black-Small-Business-Month-2.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.grantwatch.com\/grantnews\/wp-content\/uploads\/2024\/08\/Black-Small-Business-Month-2.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.grantwatch.com\/grantnews\/wp-content\/uploads\/2024\/08\/Black-Small-Business-Month-2.jpg?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":22096,"url":"https:\/\/www.grantwatch.com\/grantnews\/are-you-a-current-or-potential-bipoc-business-owner-looking-for-funding\/","url_meta":{"origin":19469,"position":1},"title":"Are You a Current or Potential BIPOC Business Owner Looking for Funding?","author":"Lianne Hikind","date":"November 16, 2022","format":false,"excerpt":"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\u00a0survey\u00a0of employees in 1,700 companies showed that companies\u2026","rel":"","context":"In &quot;Business&quot;","block_context":{"text":"Business","link":"https:\/\/www.grantwatch.com\/grantnews\/business\/"},"img":{"alt_text":"BIPOC Grants to Business Owners & Entrepreneurs","src":"https:\/\/i0.wp.com\/www.grantwatch.com\/grantnews\/wp-content\/uploads\/2022\/11\/10-BIPOC-Grants-to-Business-Owners-Entrepreneurs-V3-copy.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.grantwatch.com\/grantnews\/wp-content\/uploads\/2022\/11\/10-BIPOC-Grants-to-Business-Owners-Entrepreneurs-V3-copy.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.grantwatch.com\/grantnews\/wp-content\/uploads\/2022\/11\/10-BIPOC-Grants-to-Business-Owners-Entrepreneurs-V3-copy.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.grantwatch.com\/grantnews\/wp-content\/uploads\/2022\/11\/10-BIPOC-Grants-to-Business-Owners-Entrepreneurs-V3-copy.png?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":22598,"url":"https:\/\/www.grantwatch.com\/grantnews\/5-grants-available-to-black-owned-businesses\/","url_meta":{"origin":19469,"position":2},"title":"5 Grants Available to Black-Owned Businesses","author":"Nikita","date":"October 31, 2022","format":false,"excerpt":"Are you a Black entrepreneur looking for funding to help grow your business? GrantWatch.com has many grants listed for Black-owned businesses. Each opportunity has its own specific eligibility criteria meant to tailor the grant toward certain industries. 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The acronym BIPOC refers to Black, Indigenous, and People of Color. It should be noted, that recent studies have revealed Black individuals and businesses face 6% more hardships in acquiring capital funding. As a result, a number of funding sources have\u2026","rel":"","context":"In &quot;Business&quot;","block_context":{"text":"Business","link":"https:\/\/www.grantwatch.com\/grantnews\/business\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.grantwatch.com\/grantnews\/wp-content\/uploads\/2021\/07\/BIPOC-Grants-for-businesses-and-individuals.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.grantwatch.com\/grantnews\/wp-content\/uploads\/2021\/07\/BIPOC-Grants-for-businesses-and-individuals.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.grantwatch.com\/grantnews\/wp-content\/uploads\/2021\/07\/BIPOC-Grants-for-businesses-and-individuals.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.grantwatch.com\/grantnews\/wp-content\/uploads\/2021\/07\/BIPOC-Grants-for-businesses-and-individuals.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.grantwatch.com\/grantnews\/wp-content\/uploads\/2021\/07\/BIPOC-Grants-for-businesses-and-individuals.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/www.grantwatch.com\/grantnews\/wp-content\/uploads\/2021\/07\/BIPOC-Grants-for-businesses-and-individuals.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":54667,"url":"https:\/\/www.grantwatch.com\/grantnews\/10-new-2025-grants-for-minority-women-business-owners\/","url_meta":{"origin":19469,"position":4},"title":"10 New 2025 Grants for Minority Women Business-Owners!","author":"Lori","date":"November 22, 2024","format":false,"excerpt":"Grants for minority women business owners help drive innovation, diversity, and economic growth within our communities! Businesses owned by women and minorities enrich our economy and provide unique perspectives and solutions that reflect the diversity within our society. But, sometimes it can be an uphill battle, and these entrepreneurs often\u2026","rel":"","context":"In &quot;Business&quot;","block_context":{"text":"Business","link":"https:\/\/www.grantwatch.com\/grantnews\/business\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.grantwatch.com\/grantnews\/wp-content\/uploads\/2024\/11\/WomenBusiness-1.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.grantwatch.com\/grantnews\/wp-content\/uploads\/2024\/11\/WomenBusiness-1.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.grantwatch.com\/grantnews\/wp-content\/uploads\/2024\/11\/WomenBusiness-1.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.grantwatch.com\/grantnews\/wp-content\/uploads\/2024\/11\/WomenBusiness-1.jpg?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":73831,"url":"https:\/\/www.grantwatch.com\/grantnews\/celebrating-mlks-legacy-with-grants-that-uplift-bipoc-entrepreneurs\/","url_meta":{"origin":19469,"position":5},"title":"12 Grants That Uplift BIPOC Entrepreneurs","author":"Lori","date":"January 19, 2026","format":false,"excerpt":"Celebrating MLK's Legacy with Grants That Uplift BIPOC Entrepreneurs begins with honoring the strength of character and quiet fortitude Dr. Martin Luther King Jr. demonstrated in the face of profound social and economic challenges.. His legacy was rooted in perseverance, vision, and an unshakable belief in equitable opportunity. That same\u2026","rel":"","context":"In &quot;Business&quot;","block_context":{"text":"Business","link":"https:\/\/www.grantwatch.com\/grantnews\/business\/"},"img":{"alt_text":"A diverse group of people standing in front of a restaurant for the grand opening of their business. 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