Minority Business Grants
The Government, large corporations and many foundations keep aside money to give to minorities and minority groups. More than a billion dollars is spent every year on funding minorities. Hence, there’s ample scope to take advantage of this and receive some free money. These grants are available at the local, State and national level. From a political perspective, these are incredibly important.
Many grants target American minority groups in an effort to improve their quality of life and to give them equal opportunities. More people can take advantage of minority grants than ever before. Minority grants are offered to people who belong to many groups:
It’s often always assumed that people who don’t form the majority of the populations need external support to enrich or improve the quality of their lives. They also need to be given equal opportunities as the rest. As a result, there does exist funding for them. Minorities who’re eligible include people from a particular ethnicity or race, disabled people, (both mentally and physically) low income groups, disadvantaged individuals, etc. Another categorization is based on sexual orientation. With the government becoming more liberal towards homosexuals, they come under this category that’s eligible to apply along with bisexual and transgendered individuals. Even, friends and children of people who are homosexual, bisexual, or transgendered come under the umbrella of these monetary gifts and apply for the same.
While Business Grants for Women are available, a lesser-known fact is that women also come under minority groups and can apply for these grants. Also, businesses or organizations that assist or serve or help out minority populations or people from certain backgrounds are eligible. That’s not all; people who’re left-handed can also under some strenuous circumstances qualify.
If you belong to a minority race or ethnic group, are disabled, are in a low-income bracket, etc., additional doors are opened for you in the grant world. Minorities can receive grants not only for business, but for a variety of needs and goals:
Along with business grants, funding is also provided for a host of other things. A partial list is given below. This is just to illustrate how broad-ranged these really are and how much you stand to gain from applying.
- Legal counsel from an attorney for help and advice regarding a problem with the Courts, or another individual, etc.
- Education at any level – from kindergarten to a Masters’ program. This can also be used to rehabilitate one’s self and seek additional training to make that person employable. Funding for people from certain backgrounds in this area is quite different from Education Grants as the grant offered to minorities is more comprehensive and cover a lot more ground.
- Purchasing a home, repairing it or related things.
- Child support for a single mother/father and funding to care for your child, healthcare assistance, etc.
- Bankruptcy assistance
- Professional consulting on your business plans
- Business training to improve business management skills
Just How Much Money do you stand to get?
As stated earlier, over a billion dollars are kept aside for this particular grant. Millions are provided for business start-ups and people wishing to expand their business. Also, many individuals need assistance in purchasing their first home. The sum available for this is in the seven figures. Thousands of dollars are handed out in free legal counsel and college tuition scholarships.
Who administers these grants?
The first place you need to look at is the government. The Centre is the source of some great funding. While this is at the national level, there are also many State and local governments who do the same. Along with government and government agencies, many private donors are also present in addition to foundations and charitable organizations.
Let’s say you read up on these grants and you are actually a minority. How do you go about applying? How do you find out any specific agency or organizations who’d actually administer you monetary gifts? That’s where we at USA Grant Application come in. We provide you with the correct resources and research about the same bring you closer to your goal. With our expertise and advice, you can find out the grants that are fit your needs and qualifications.
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