{"id":49555,"date":"2024-08-07T10:34:40","date_gmt":"2024-08-07T14:34:40","guid":{"rendered":"https:\/\/www.grantwatch.com\/grantnews\/?p=49555"},"modified":"2024-08-07T10:34:43","modified_gmt":"2024-08-07T14:34:43","slug":"black-business-community-overcoming-challenges-to-flourish","status":"publish","type":"post","link":"https:\/\/www.grantwatch.com\/grantnews\/black-business-community-overcoming-challenges-to-flourish\/","title":{"rendered":"Black Business Community &#8211; Overcoming Challenges to Flourish"},"content":{"rendered":"\n<p>It&#8217;s important to acknowledge and recognize our Black business communities across the nation!  Let&#8217;s celebrate the progress made and the strides to overcome challenges. According to a recent <a href=\"https:\/\/www.pewresearch.org\/short-reads\/2024\/02\/16\/a-look-at-black-owned-businesses-in-the-us\/\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Pew Research Center analysis<\/strong><\/a>, Black businesses are on the rise &#8211; and achieving strong economic growth. The center reported that <em>in 2021<\/em>, there were 161,031 Black-owned businesses in the U.S., <em>up from 124,004 in 2017<\/em>. During this time, Black business owners revenue grew from <em>nearly $127.9 billion to $183.3 billion, a 43 percent increase<\/em>. While much has been accomplished, significant growth is still needed. In 2021, <strong>only about 3%<\/strong> of (identified) U.S. firms were <em>shown to have Black-business ownership<\/em>, accounting for just 1% of the country&#8217;s gross revenue.<\/p>\n\n\n\n<p><strong><a href=\"https:\/\/www.grantwatch.com\/\" target=\"_blank\" rel=\"noreferrer noopener\">GrantWatch<\/a><\/strong> is celebrating National\u00a0<em>Black Business Month<\/em> by making resources available to help Black business communities continue to thrive and prosper. In addition to providing the list below regarding Black business support, GrantWatch also offers a list of over 2,000 grants in its <a href=\"https:\/\/www.grantwatch.com\/cat\/53\/bipoc-grants.html\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>BIPOC<\/strong><\/a> grants list category.<\/p>\n\n\n\n<p><strong>Overview of the Role of Black Business Ownership in the U.S. Economy<\/strong><\/p>\n\n\n\n<div class=\"wp-block-group is-vertical is-layout-flex wp-container-core-group-is-layout-8cf370e7 wp-block-group-is-layout-flex\">\n<ul id=\"block-a3d86711-0d2c-4764-9c66-955836347951\" class=\"has-black-color has-electric-grass-gradient-background has-text-color has-background has-link-color wp-block-list wp-elements-2b1591156c4d4e69d9049feb7660f8f0\">\n<li>Historian John William Templeton and engineer Frederick E. Jordan Sr founded National Black Business as an annual observance in 2004 to &#8220;drive the policy agenda affecting the 2.6 million African American businesses.&#8221;<\/li>\n\n\n\n<li>Black business owners account for about 10% of U.S. businesses and about 30% of all minority-owned businesses. According to the U.S. Census Bureau, that amounts to approximately two million companies owned by African Americans.<\/li>\n\n\n\n<li>Nearly 40% of Black-owned businesses are in health care and social assistance, repair and maintenance, and personal and laundry services. Other categories include advertising firms, auto dealerships, consulting services, restaurants, barbershops, beauty salons, and more. (nationaldaycalendar.com, &#8220;<em>Black Business Month<\/em>&#8220;)<\/li>\n<\/ul>\n<\/div>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"block-4c311b0c-eb06-48a8-bfae-12e8c5b7fbed\"><strong>Facts Regarding Black-owned Businesses<\/strong><\/h4>\n\n\n\n<div class=\"wp-block-group is-vertical is-layout-flex wp-container-core-group-is-layout-8cf370e7 wp-block-group-is-layout-flex\">\n<ul id=\"block-9c00b525-eb18-4b81-be4e-5e58c4ff61bc\" class=\"has-black-color has-pale-ocean-gradient-background has-text-color has-background has-link-color wp-block-list wp-elements-a959d4740247976515cb7bbccb48a507\">\n<li>In 2020, Black people represented 14.2% of all Americans but only 2.4% of all employer-firm owners, while Asian Americans represented 6% of the population and 10.6% of employer-firm owners.<\/li>\n\n\n\n<li>From 2019 to 2020, Black-owned businesses grew by 6,351 firms, or 4.72% &#8211; behind Latino or Hispanic (8.19%) and Asian American (5.33%) firms, but ahead of white-owned businesses, which shrunk by 0.9%.<\/li>\n\n\n\n<li>From 2017 to 2020, the number of Black-owned businesses nationwide increased by 13.64%- compared to 0.53% growth for all businesses over that same period. Black-owned firms generated an estimated $14.1 billion in gross revenue in 2020, growing 11% since 2017.<\/li>\n\n\n\n<li>Moreso than other racial groups, Black-owned businesses had pronounced increases in revenue, employees, and payroll. In 2020, Black business owners employed 1.321 million, adding 48,549 new jobs and an <em>additional $1.7 billion<\/em> in payroll to the U.S. economy.<\/li>\n\n\n\n<li>If Black business ownership continues to grow at its current rate (4.72%), it will take 256 years to reach parity with the share of Black people in America &#8211; a timeline that leaves racial wealth gaps entrenched. Reaching parity in 15 years would take a 74.4% growth rate; for 25 years, a 44.6% growth rate; and for 50 years, a 22.3% growth rate. (brookings.edu, &#8220;<em>Who is driving Black business Growth? Insights from the latest data on Black-owned businesses<\/em>&#8220;)<\/li>\n<\/ul>\n<\/div>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"block-e7325b27-83a1-4a69-be43-e11397457bed\"><strong>Why is Black Business Growth So Important?<\/strong><\/h4>\n\n\n\n<p><strong>Black business growth is crucial for several reasons:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Economic Impact.<\/strong> Black-owned businesses contribute significantly to the economy by creating jobs and generating revenue. <em>In 2020, Black-owned firms employed over 1.3 million people and generated $141.1 billion in gross revenue.<\/em><\/li>\n\n\n\n<li><strong>Community Development.<\/strong> These businesses often reinvest in their communities, helping to improve local infrastructure, education, and services. This reinvestment can lead to more vibrant and sustainable communities.<\/li>\n\n\n\n<li><strong>Reducing Wealth Gaps.<\/strong> Increasing the number of successful Black-owned businesses can help reduce the racial wealth gap. By providing opportunities for wealth creation and economic mobility, these businesses can help address long-standing economic disparities.<\/li>\n\n\n\n<li><strong>Innovation and Diversity.<\/strong> Black entrepreneurs bring unique perspectives and innovations to the market, which can lead to new products, services, and business models. This diversity can drive overall growth and competitiveness.<\/li>\n\n\n\n<li><strong>Social Equity.<\/strong> Supporting Black businesses helps [to] counteract the historical and systemic barriers that have limited economic opportunities for Black communities. It promotes a more inclusive and equitable economy.<\/li>\n<\/ul>\n\n\n\n<p>Overall, growth of Black-owned businesses is not just beneficial for the Black community, but also for the broader economy and society. When these businesses thrive, everyone benefits. (bing.com, &#8220;<em>Why is Black business growth so important?<\/em>&#8220;)<\/p>\n\n\n\n<p id=\"block-391e6c8f-1f5d-4cdd-a417-9c025f90b28f\">Below is a current list of grants and other funding to benefit Black Business growth and development.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"block-05e2a952-461d-490a-beef-4c6191a8d8af\"><strong>Black Business Grants<\/strong><\/h4>\n\n\n\n<ol class=\"wp-block-list\" id=\"block-3eb3e8c7-2da0-4b47-a4e3-c6ceaa7c89d5\">\n<li>Grants of <a href=\"https:\/\/www.grantwatch.com\/grant\/169982\/grants-to-rhode-island-cbos-to-support-the-state-s-black-community.html\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>up to $15,000<\/strong><\/a> to eligible community-based organizations to benefit the Black community. Funding is to promote economic stability, job training, and financial literacy among historically underserved African American populations and more recent African immigrants and refugees. Moreover, the goal of the program is to address the most pressing needs of local Black communities.<\/li>\n\n\n\n<li>There are grants to nonprofits, Institutions of Higher Education (IHEs), and for-profit organizations for <a href=\"https:\/\/www.grantwatch.com\/grant\/204146\/grants-to-usa-nonprofits-agencies-ihes-and-for-profits-for-research-projects-conducted-by-diverse-researchers.html\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>diverse researcher-led<\/strong><\/a> health and mental health-related research projects. Required registrations will take up to several weeks to complete. Additionally, research projects must fall into one of the research areas of interest, including aging, addiction sciences and understanding and\/or treatment of mental health disorders. Historically Black Colleges and Universities (HBCU) will be given priority consideration.<\/li>\n\n\n\n<li>In addition, grants to public and private local news organizations, including TV and radio stations, newspapers, digital sites, and media centers, to cover <a href=\"https:\/\/www.grantwatch.com\/grant\/197894\/grants-to-usa-public-and-private-local-news-organizations-to-cover-salary-costs-for-early-career-journalists.html\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>early-career journalist salaries<\/strong><\/a> to join the staff. Funding supports local organizations committed to providing objective, civically important local journalism. Priority consideration will be for Black-owned newsrooms.<\/li>\n\n\n\n<li>Grants to eligible Black-led nonprofits serving Black populations for programs and projects to <a href=\"https:\/\/www.grantwatch.com\/grant\/205438\/grants-to-colorado-black-led-nonprofits-to-promote-social-and-racial-justice.html\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>promote economic development<\/strong><\/a>, improve health outcomes, encourage social justice, and preserve Black culture and history. As a result, funding is for general operating assistance and\/or to support specific programs.<\/li>\n\n\n\n<li>There are grants to nonprofits, tribes, IHEs, and special districts <a href=\"https:\/\/www.grantwatch.com\/grant\/197713\/grants-to-usa-nonprofits-tribes-agencies-ihes-and-special-districts-for-workforce-development.html\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>for workforce development<\/strong><\/a>. Required registrations will take several weeks to complete. The program goal is to provide employment training to Americans resulting in good jobs. In fact, the Funder is committed to equitable economic development, and to prioritizing sectoral partnerships to reach historically underserved populations and areas, including communities of color.<\/li>\n<\/ol>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"block-df56d56c-9839-4b76-b742-7075a48b2560\"><strong>Additional Black Business Grants, along with an Opportunity and Scholarship Support<\/strong><\/h4>\n\n\n\n<ol class=\"wp-block-list\" id=\"block-3eb3e8c7-2da0-4b47-a4e3-c6ceaa7c89d5\">\n<li>Also, grants to BIPOC artists (Black, Indigenous, People of Color) for <a href=\"https:\/\/www.grantwatch.com\/grant\/191498\/grants-to-minnesota-bipoc-artists-for-career-development-activities.html\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>career development activities<\/strong><\/a>. Funding is for artists from historically underserved and marginalized populations. Artists will be at any stage of their arts career.<\/li>\n\n\n\n<li>In addition, grants of <a href=\"https:\/\/www.grantwatch.com\/grant\/203630\/grants-to-usa-canada-and-international-black-led-organizations-for-programs-to-create-social-change.html\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>up to $50,000<\/strong><\/a> to Black-led organizations for programs to create social change. Funding is for initiatives led by and for the benefit of Black women. The program is for projects to strengthen the Black feminist movement. Moreover, funding is currently provided to Black feminist groups in the Americas (Latin America, the Caribbean, and North America), and in the Middle East, Europe, and Africa.<\/li>\n\n\n\n<li>Opportunity for startup businesses to participate in a <a href=\"https:\/\/www.grantwatch.com\/grant\/201279\/opportunity-for-usa-black-founded-startups-to-participate-in-a-business-accelerator-program.html\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>business-accelerator-program<\/strong><\/a>. This opportunity is for companies founded by Black entrepreneurs. Companies from all stages of development will apply. Accepted startups receive 12 weeks of mentorship as well as additional perks from a wide range of vendors. This is a hybrid program. Most in-person events will take place in Milwaukee, Wisconsin.<\/li>\n\n\n\n<li>There are grants of <a href=\"https:\/\/www.grantwatch.com\/grant\/192611\/grants-to-north-carolina-latinx-or-black-owned-for-profits-in-eligible-areas-to-improve-business-outcomes.html\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>up to $25,000<\/strong><\/a> to eligible Black-owned companies to improve business outcomes. Funding is to promote job retention, enhance business success, and advance job creation for small businesses. Grants will be for special projects and general operating expenses, such as salary, wages, lease, rent payments, working capital, and other capital expenditures.<\/li>\n\n\n\n<li>Lastly, grants and scholarships to eligible for-profit companies led by founders from diverse backgrounds to <a href=\"https:\/\/www.grantwatch.com\/grant\/207672\/grants-to-illinois-companies-led-by-founders-from-diverse-backgrounds-to-promote-business-development.html\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>promote business development<\/strong><\/a>. Altogether, funding is for growth capital to hire or rehire employees, and to acquire, repair, or enhance equipment to help manage growth challenges and scale for the future. The list of self-identifiers for Founders includes those who self-identify as Black.<\/li>\n<\/ol>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"block-b0a90873-1a81-4214-becb-85bf97ad4e30\"><strong>The Bottom Line<\/strong><\/h4>\n\n\n\n<p id=\"block-93a6da54-baa8-4c8f-b16f-c713aced664e\">To conclude, this has hopefully provided some strong options for funding that will directly assist business development in the Black community!<\/p>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"block-d587fdf1-4f17-4d57-baf2-a1d5167e3cd9\"><strong>About GrantWatch<\/strong><\/h4>\n\n\n\n<p id=\"block-00c847ae-41e9-4461-baeb-592f85f00409\"><em>With over\u00a0<a href=\"https:\/\/www.grantwatch.com\/plans.php\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>8,000 grants<\/strong><\/a>\u00a0currently available,\u00a0<a href=\"https:\/\/www.grantwatch.com\/\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>GrantWatch.com<\/strong><\/a>\u00a0is the leading grant listing directory. Upgrade to a\u00a0<a href=\"https:\/\/www.grantwatch.com\/plans.php\"><strong>MemberPlus+ subscription<\/strong><\/a>\u00a0to view the full grant details, including eligibility criteria and application information. For more information, you can also visit the\u00a0<a href=\"https:\/\/www.grantwatch.com\/about.php\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>GrantWatch FAQ<\/strong><\/a>\u00a0page. To see the great value of all 20 of the top GrantWatch features,\u00a0<a href=\"https:\/\/www.youtube.com\/grantwatch\/featured\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>click here<\/strong><\/a>.\u00a0Watch the latest episode of GrantTalk, powered by GrantWatch, with host Libby Hikind. You don\u2019t want to miss this. Visit us on\u00a0<a href=\"https:\/\/www.youtube.com\/grantwatch\/featured\"><strong>YouTube<\/strong><\/a>\u00a0weekly. Don\u2019t forget to get your copy of\u00a0<strong><a href=\"https:\/\/www.amazon.com\/Queen-Grants-Teacher-Grant-Writer\/dp\/B0CTG8RXNT\/ref=tmm_hrd_swatch_0?_encoding=UTF8&amp;qid=&amp;sr=&amp;_encoding=UTF8&amp;tag=grantnepress-20&amp;linkCode=ur2&amp;linkId=e414613f2f6ec10c6bbda2b41f7d202d&amp;camp=1789&amp;creative=9325\" target=\"_blank\" rel=\"noreferrer noopener\">The Queen of Grants: From Teacher to Grant Writer to CEO<\/a><\/strong>, by Libby Hikind.<\/em><\/p>\n\n\n\n<p id=\"block-da3c24fa-9700-4819-b605-d1e29aa118e8\">Please Note: There is no guarantee of grant awards as a result of this information.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>It&#8217;s important to acknowledge and recognize our Black business communities across the nation! Let&#8217;s celebrate the progress made and the<\/p>\n","protected":false},"author":1935,"featured_media":50031,"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":[118],"tags":[],"class_list":["post-49555","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-grants"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.8.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Black Business Community - Overcoming Challenges to Flourish<\/title>\n<meta name=\"description\" content=\"While recognizing that the Black business community has made remarkable strides to overcome challenges, significant growth is still needed.\" \/>\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\/black-business-community-overcoming-challenges-to-flourish\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Black Business Community - Overcoming Challenges to Flourish\" \/>\n<meta property=\"og:description\" content=\"While recognizing that the Black business community has made remarkable strides to overcome challenges, significant growth is still needed.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.grantwatch.com\/grantnews\/black-business-community-overcoming-challenges-to-flourish\/\" \/>\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=\"2024-08-07T14:34:40+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-08-07T14:34:43+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.grantwatch.com\/grantnews\/wp-content\/uploads\/2024\/08\/Black-Business-Community-V2.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"445\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Lori\" \/>\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=\"Lori\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"7 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/www.grantwatch.com\/grantnews\/black-business-community-overcoming-challenges-to-flourish\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.grantwatch.com\/grantnews\/black-business-community-overcoming-challenges-to-flourish\/\"},\"author\":{\"name\":\"Lori\",\"@id\":\"https:\/\/www.grantwatch.com\/grantnews\/#\/schema\/person\/e373e9d9a4315f24a562621cf719ce89\"},\"headline\":\"Black Business Community &#8211; Overcoming Challenges to Flourish\",\"datePublished\":\"2024-08-07T14:34:40+00:00\",\"dateModified\":\"2024-08-07T14:34:43+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.grantwatch.com\/grantnews\/black-business-community-overcoming-challenges-to-flourish\/\"},\"wordCount\":1388,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/www.grantwatch.com\/grantnews\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.grantwatch.com\/grantnews\/black-business-community-overcoming-challenges-to-flourish\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.grantwatch.com\/grantnews\/wp-content\/uploads\/2024\/08\/Black-Business-Community-V2.jpg\",\"articleSection\":[\"Grants\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.grantwatch.com\/grantnews\/black-business-community-overcoming-challenges-to-flourish\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.grantwatch.com\/grantnews\/black-business-community-overcoming-challenges-to-flourish\/\",\"url\":\"https:\/\/www.grantwatch.com\/grantnews\/black-business-community-overcoming-challenges-to-flourish\/\",\"name\":\"Black Business Community - Overcoming Challenges to Flourish\",\"isPartOf\":{\"@id\":\"https:\/\/www.grantwatch.com\/grantnews\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.grantwatch.com\/grantnews\/black-business-community-overcoming-challenges-to-flourish\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.grantwatch.com\/grantnews\/black-business-community-overcoming-challenges-to-flourish\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.grantwatch.com\/grantnews\/wp-content\/uploads\/2024\/08\/Black-Business-Community-V2.jpg\",\"datePublished\":\"2024-08-07T14:34:40+00:00\",\"dateModified\":\"2024-08-07T14:34:43+00:00\",\"description\":\"While recognizing that the Black business community has made remarkable strides to overcome challenges, significant growth is still needed.\",\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.grantwatch.com\/grantnews\/black-business-community-overcoming-challenges-to-flourish\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.grantwatch.com\/grantnews\/black-business-community-overcoming-challenges-to-flourish\/#primaryimage\",\"url\":\"https:\/\/www.grantwatch.com\/grantnews\/wp-content\/uploads\/2024\/08\/Black-Business-Community-V2.jpg\",\"contentUrl\":\"https:\/\/www.grantwatch.com\/grantnews\/wp-content\/uploads\/2024\/08\/Black-Business-Community-V2.jpg\",\"width\":800,\"height\":445},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.grantwatch.com\/grantnews\/#website\",\"url\":\"https:\/\/www.grantwatch.com\/grantnews\/\",\"name\":\"GrantNews\",\"description\":\"Powered By GrantWatch\",\"publisher\":{\"@id\":\"https:\/\/www.grantwatch.com\/grantnews\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.grantwatch.com\/grantnews\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.grantwatch.com\/grantnews\/#organization\",\"name\":\"GrantWatch\",\"url\":\"https:\/\/www.grantwatch.com\/grantnews\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.grantwatch.com\/grantnews\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/www.grantwatch.com\/grantnews\/wp-content\/uploads\/2020\/06\/GW.jpg\",\"contentUrl\":\"https:\/\/www.grantwatch.com\/grantnews\/wp-content\/uploads\/2020\/06\/GW.jpg\",\"width\":400,\"height\":120,\"caption\":\"GrantWatch\"},\"image\":{\"@id\":\"https:\/\/www.grantwatch.com\/grantnews\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/pages\/GrantWatch\/162625900556850\",\"https:\/\/x.com\/grantwatch\",\"https:\/\/www.instagram.com\/grantswatch\/\",\"https:\/\/www.linkedin.com\/company\/grantwatch-com\",\"https:\/\/www.pinterest.com\/applyforgrants\",\"https:\/\/www.youtube.com\/channel\/UC8YAavtZreMRWx67Zkt-Kkg\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.grantwatch.com\/grantnews\/#\/schema\/person\/e373e9d9a4315f24a562621cf719ce89\",\"name\":\"Lori\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.grantwatch.com\/grantnews\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/d6815b7fe15d2a82a941a3a282476e78f0276ba39f25a277fd006d79af24e5fc?s=96&d=identicon&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/d6815b7fe15d2a82a941a3a282476e78f0276ba39f25a277fd006d79af24e5fc?s=96&d=identicon&r=g\",\"caption\":\"Lori\"},\"url\":\"https:\/\/www.grantwatch.com\/grantnews\/author\/lori\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Black Business Community - Overcoming Challenges to Flourish","description":"While recognizing that the Black business community has made remarkable strides to overcome challenges, significant growth is still needed.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.grantwatch.com\/grantnews\/black-business-community-overcoming-challenges-to-flourish\/","og_locale":"en_US","og_type":"article","og_title":"Black Business Community - Overcoming Challenges to Flourish","og_description":"While recognizing that the Black business community has made remarkable strides to overcome challenges, significant growth is still needed.","og_url":"https:\/\/www.grantwatch.com\/grantnews\/black-business-community-overcoming-challenges-to-flourish\/","og_site_name":"GrantNews","article_publisher":"https:\/\/www.facebook.com\/pages\/GrantWatch\/162625900556850","article_published_time":"2024-08-07T14:34:40+00:00","article_modified_time":"2024-08-07T14:34:43+00:00","og_image":[{"width":800,"height":445,"url":"https:\/\/www.grantwatch.com\/grantnews\/wp-content\/uploads\/2024\/08\/Black-Business-Community-V2.jpg","type":"image\/jpeg"}],"author":"Lori","twitter_card":"summary_large_image","twitter_creator":"@grantwatch","twitter_site":"@grantwatch","twitter_misc":{"Written by":"Lori","Est. reading time":"7 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/www.grantwatch.com\/grantnews\/black-business-community-overcoming-challenges-to-flourish\/#article","isPartOf":{"@id":"https:\/\/www.grantwatch.com\/grantnews\/black-business-community-overcoming-challenges-to-flourish\/"},"author":{"name":"Lori","@id":"https:\/\/www.grantwatch.com\/grantnews\/#\/schema\/person\/e373e9d9a4315f24a562621cf719ce89"},"headline":"Black Business Community &#8211; Overcoming Challenges to Flourish","datePublished":"2024-08-07T14:34:40+00:00","dateModified":"2024-08-07T14:34:43+00:00","mainEntityOfPage":{"@id":"https:\/\/www.grantwatch.com\/grantnews\/black-business-community-overcoming-challenges-to-flourish\/"},"wordCount":1388,"commentCount":0,"publisher":{"@id":"https:\/\/www.grantwatch.com\/grantnews\/#organization"},"image":{"@id":"https:\/\/www.grantwatch.com\/grantnews\/black-business-community-overcoming-challenges-to-flourish\/#primaryimage"},"thumbnailUrl":"https:\/\/www.grantwatch.com\/grantnews\/wp-content\/uploads\/2024\/08\/Black-Business-Community-V2.jpg","articleSection":["Grants"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.grantwatch.com\/grantnews\/black-business-community-overcoming-challenges-to-flourish\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.grantwatch.com\/grantnews\/black-business-community-overcoming-challenges-to-flourish\/","url":"https:\/\/www.grantwatch.com\/grantnews\/black-business-community-overcoming-challenges-to-flourish\/","name":"Black Business Community - Overcoming Challenges to Flourish","isPartOf":{"@id":"https:\/\/www.grantwatch.com\/grantnews\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.grantwatch.com\/grantnews\/black-business-community-overcoming-challenges-to-flourish\/#primaryimage"},"image":{"@id":"https:\/\/www.grantwatch.com\/grantnews\/black-business-community-overcoming-challenges-to-flourish\/#primaryimage"},"thumbnailUrl":"https:\/\/www.grantwatch.com\/grantnews\/wp-content\/uploads\/2024\/08\/Black-Business-Community-V2.jpg","datePublished":"2024-08-07T14:34:40+00:00","dateModified":"2024-08-07T14:34:43+00:00","description":"While recognizing that the Black business community has made remarkable strides to overcome challenges, significant growth is still needed.","inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.grantwatch.com\/grantnews\/black-business-community-overcoming-challenges-to-flourish\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.grantwatch.com\/grantnews\/black-business-community-overcoming-challenges-to-flourish\/#primaryimage","url":"https:\/\/www.grantwatch.com\/grantnews\/wp-content\/uploads\/2024\/08\/Black-Business-Community-V2.jpg","contentUrl":"https:\/\/www.grantwatch.com\/grantnews\/wp-content\/uploads\/2024\/08\/Black-Business-Community-V2.jpg","width":800,"height":445},{"@type":"WebSite","@id":"https:\/\/www.grantwatch.com\/grantnews\/#website","url":"https:\/\/www.grantwatch.com\/grantnews\/","name":"GrantNews","description":"Powered By GrantWatch","publisher":{"@id":"https:\/\/www.grantwatch.com\/grantnews\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.grantwatch.com\/grantnews\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.grantwatch.com\/grantnews\/#organization","name":"GrantWatch","url":"https:\/\/www.grantwatch.com\/grantnews\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.grantwatch.com\/grantnews\/#\/schema\/logo\/image\/","url":"https:\/\/www.grantwatch.com\/grantnews\/wp-content\/uploads\/2020\/06\/GW.jpg","contentUrl":"https:\/\/www.grantwatch.com\/grantnews\/wp-content\/uploads\/2020\/06\/GW.jpg","width":400,"height":120,"caption":"GrantWatch"},"image":{"@id":"https:\/\/www.grantwatch.com\/grantnews\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/pages\/GrantWatch\/162625900556850","https:\/\/x.com\/grantwatch","https:\/\/www.instagram.com\/grantswatch\/","https:\/\/www.linkedin.com\/company\/grantwatch-com","https:\/\/www.pinterest.com\/applyforgrants","https:\/\/www.youtube.com\/channel\/UC8YAavtZreMRWx67Zkt-Kkg"]},{"@type":"Person","@id":"https:\/\/www.grantwatch.com\/grantnews\/#\/schema\/person\/e373e9d9a4315f24a562621cf719ce89","name":"Lori","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.grantwatch.com\/grantnews\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/d6815b7fe15d2a82a941a3a282476e78f0276ba39f25a277fd006d79af24e5fc?s=96&d=identicon&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/d6815b7fe15d2a82a941a3a282476e78f0276ba39f25a277fd006d79af24e5fc?s=96&d=identicon&r=g","caption":"Lori"},"url":"https:\/\/www.grantwatch.com\/grantnews\/author\/lori\/"}]}},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/www.grantwatch.com\/grantnews\/wp-content\/uploads\/2024\/08\/Black-Business-Community-V2.jpg","jetpack_shortlink":"https:\/\/wp.me\/pck2w8-cTh","jetpack-related-posts":[{"id":22598,"url":"https:\/\/www.grantwatch.com\/grantnews\/5-grants-available-to-black-owned-businesses\/","url_meta":{"origin":49555,"position":0},"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. However, if you meet the eligibility criteria and can follow instructions, you 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\/2022\/10\/black-owned-business-grants.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.grantwatch.com\/grantnews\/wp-content\/uploads\/2022\/10\/black-owned-business-grants.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.grantwatch.com\/grantnews\/wp-content\/uploads\/2022\/10\/black-owned-business-grants.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.grantwatch.com\/grantnews\/wp-content\/uploads\/2022\/10\/black-owned-business-grants.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.grantwatch.com\/grantnews\/wp-content\/uploads\/2022\/10\/black-owned-business-grants.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/www.grantwatch.com\/grantnews\/wp-content\/uploads\/2022\/10\/black-owned-business-grants.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":50309,"url":"https:\/\/www.grantwatch.com\/grantnews\/12-grants-for-minority-women-business-owners\/","url_meta":{"origin":49555,"position":1},"title":"12 Grants for Minority Women Business Owners","author":"Lori","date":"August 19, 2024","format":false,"excerpt":"Minority women business owners help drive innovation, diversity, and economic growth within our communities. Their businesses not only enrich our economy but also provide unique perspectives and solutions that reflect the diversity within our society. However, starting and sustaining a business or nonprofit as a minority woman can be an\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\/12-Grants-for-Minority-Women-Business-Owners-1.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.grantwatch.com\/grantnews\/wp-content\/uploads\/2024\/08\/12-Grants-for-Minority-Women-Business-Owners-1.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.grantwatch.com\/grantnews\/wp-content\/uploads\/2024\/08\/12-Grants-for-Minority-Women-Business-Owners-1.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.grantwatch.com\/grantnews\/wp-content\/uploads\/2024\/08\/12-Grants-for-Minority-Women-Business-Owners-1.jpg?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":60929,"url":"https:\/\/www.grantwatch.com\/grantnews\/10-grant-opportunities-for-minority-business-women-on-the-move\/","url_meta":{"origin":49555,"position":2},"title":"10 Grant Opportunities for Minority Business Women on the Move!","author":"Staff Writer","date":"March 21, 2025","format":false,"excerpt":"Grant funding fuels Minority Business Women On The Move! Grants can help launch, sustain, and expand businesses while driving innovation, championing diversity, and strengthening economic growth! There are so many minority women business owners in the US who are reshaping industries with their fresh perspectives and creative solutions. However, breaking\u2026","rel":"","context":"In &quot;Business&quot;","block_context":{"text":"Business","link":"https:\/\/www.grantwatch.com\/grantnews\/business\/"},"img":{"alt_text":"Teachers, Here Are 12 Grants to Support Your Work","src":"https:\/\/i0.wp.com\/www.grantwatch.com\/grantnews\/wp-content\/uploads\/2025\/03\/wbo_img-950x650_T.webp?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.grantwatch.com\/grantnews\/wp-content\/uploads\/2025\/03\/wbo_img-950x650_T.webp?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.grantwatch.com\/grantnews\/wp-content\/uploads\/2025\/03\/wbo_img-950x650_T.webp?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.grantwatch.com\/grantnews\/wp-content\/uploads\/2025\/03\/wbo_img-950x650_T.webp?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":64863,"url":"https:\/\/www.grantwatch.com\/grantnews\/can-startups-with-no-revenue-still-get-grants\/","url_meta":{"origin":49555,"position":3},"title":"Can Startups With No Revenue Still Get Grants?","author":"Nikita","date":"July 16, 2025","format":false,"excerpt":"If you're a startup and you're not yet generating revenue, would you still be able to be eligible for grants? The answer is: Absolutely! Many grants are designed to support early-stage startups, even if they haven't generated any revenue yet. Grant programs typically focus on the potential impact of your\u2026","rel":"","context":"In &quot;Business&quot;","block_context":{"text":"Business","link":"https:\/\/www.grantwatch.com\/grantnews\/business\/"},"img":{"alt_text":"Can Startups With No Revenue Still Get Grants?","src":"https:\/\/i0.wp.com\/www.grantwatch.com\/grantnews\/wp-content\/uploads\/2025\/07\/21_ArticleIMG800x445_5.webp?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.grantwatch.com\/grantnews\/wp-content\/uploads\/2025\/07\/21_ArticleIMG800x445_5.webp?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.grantwatch.com\/grantnews\/wp-content\/uploads\/2025\/07\/21_ArticleIMG800x445_5.webp?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.grantwatch.com\/grantnews\/wp-content\/uploads\/2025\/07\/21_ArticleIMG800x445_5.webp?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":63363,"url":"https:\/\/www.grantwatch.com\/grantnews\/minority-women-owned-businesses-bold-brilliant-and-grant-funded\/","url_meta":{"origin":49555,"position":4},"title":"Minority Women-Owned Businesses: Bold, Brilliant, and Grant Funded","author":"Staff Writer","date":"May 16, 2025","format":false,"excerpt":"Minority Women-Owned Businesses are leading the charge with bold ideas and brilliant strategies. With the right grants, they can break through barriers and redefine success. These entrepreneurs transform industries, create jobs, and build wealth within their communities. But getting started and staying in business? That comes with enormous challenges. Systemic\u2026","rel":"","context":"In &quot;Business&quot;","block_context":{"text":"Business","link":"https:\/\/www.grantwatch.com\/grantnews\/business\/"},"img":{"alt_text":"Minority Women-Owned Businesses: Bold, Brilliant, and Grant Funded","src":"https:\/\/i0.wp.com\/www.grantwatch.com\/grantnews\/wp-content\/uploads\/2025\/05\/mfe_img-950x650_T.webp?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.grantwatch.com\/grantnews\/wp-content\/uploads\/2025\/05\/mfe_img-950x650_T.webp?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.grantwatch.com\/grantnews\/wp-content\/uploads\/2025\/05\/mfe_img-950x650_T.webp?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.grantwatch.com\/grantnews\/wp-content\/uploads\/2025\/05\/mfe_img-950x650_T.webp?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":75389,"url":"https:\/\/www.grantwatch.com\/grantnews\/is-your-business-using-grant-funding-to-its-full-potential\/","url_meta":{"origin":49555,"position":5},"title":"Is Your Business Using Grant Funding to Its Full Potential?","author":"GrantWatch Staff Writer","date":"March 16, 2026","format":false,"excerpt":"Grant Funding to help your businesses grow is out there. Yet many companies never tap into it. That is where opportunity waits. From neighborhood shops to rising startups, smart owners are discovering grants that unlock growth, spark innovation, and fuel new ideas. Even better, many of these opportunities are already\u2026","rel":"","context":"In &quot;Business&quot;","block_context":{"text":"Business","link":"https:\/\/www.grantwatch.com\/grantnews\/business\/"},"img":{"alt_text":"\u201cUse Grant Funding To Its Full Potential\u201d text displayed above a team meeting where two women present a chart on a flip chart while colleagues sit around a conference table during a strategy discussion.","src":"https:\/\/i0.wp.com\/www.grantwatch.com\/grantnews\/wp-content\/uploads\/2026\/03\/223_img-950x650_16.webp?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.grantwatch.com\/grantnews\/wp-content\/uploads\/2026\/03\/223_img-950x650_16.webp?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.grantwatch.com\/grantnews\/wp-content\/uploads\/2026\/03\/223_img-950x650_16.webp?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.grantwatch.com\/grantnews\/wp-content\/uploads\/2026\/03\/223_img-950x650_16.webp?resize=700%2C400&ssl=1 2x"},"classes":[]}],"jetpack_likes_enabled":true,"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.grantwatch.com\/grantnews\/wp-json\/wp\/v2\/posts\/49555","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.grantwatch.com\/grantnews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.grantwatch.com\/grantnews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.grantwatch.com\/grantnews\/wp-json\/wp\/v2\/users\/1935"}],"replies":[{"embeddable":true,"href":"https:\/\/www.grantwatch.com\/grantnews\/wp-json\/wp\/v2\/comments?post=49555"}],"version-history":[{"count":130,"href":"https:\/\/www.grantwatch.com\/grantnews\/wp-json\/wp\/v2\/posts\/49555\/revisions"}],"predecessor-version":[{"id":50032,"href":"https:\/\/www.grantwatch.com\/grantnews\/wp-json\/wp\/v2\/posts\/49555\/revisions\/50032"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.grantwatch.com\/grantnews\/wp-json\/wp\/v2\/media\/50031"}],"wp:attachment":[{"href":"https:\/\/www.grantwatch.com\/grantnews\/wp-json\/wp\/v2\/media?parent=49555"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.grantwatch.com\/grantnews\/wp-json\/wp\/v2\/categories?post=49555"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.grantwatch.com\/grantnews\/wp-json\/wp\/v2\/tags?post=49555"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}