In Hot Bread Kitchen’s small business incubator and across the country, small businesses owned by women and people of color face systemic challenges in accessing capital and resources to support their operating costs. We have put together a list of grants and funds small businesses owned by women and people of color can apply to right now.
DoorDash Local Restaurant Grants
DoorDash will award funds via grants of $5,000 per concept, selected via a panel. The grants are part of DoorDash’s Main Street Strong initiative to help restaurants recover and succeed amidst COVID-19 related challenges. All winners will be announced by the end of December.
Who can apply: Restaurants must have 3 stores or fewer currently operating, have $3M or less in 2019 annual revenue per store, and employ 50 people or fewer per store.
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FedEx Small Business Grant Contest
The FedEx Small Business Grant Contest is a grant program by FedEx to award U.S. based small businesses with grants to help them grow and scale their business. The next Small Business Grant Contest dates have not been announced yet. Sign up for FedEx E-mail and be among the first hear the next entry period dates.
Who can apply: U.S. based small businesses.
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Fund Black Founders
FundBlackfounders is a rewards-based crowdfunding platform (similar to Kickstarter) doubling down on Black founders through culturally relevant resources resulting in the birth of more Black businesses. FundBlackFounders empowers Black founders to raise capital for their startups
Who can apply: Black-identifying founders and entrepreneurs.
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HelloAlice – Business for All Grant
Business for All is a national movement to lift up 100,000 small business owners to receive funding and mentorship. Businesses are eligible to receive up to $50,000 in grant funding. While the current round of funding is closed, HelloAlice still encourages interested businesses to fill out an application form.
Who can apply: Businesses that have been severely impacted by COVID-19.
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James Beard Foundation Food and Beverage Investment Fund for Black and Indigenous Americans
The James Beard Foundation Food and Beverage Investment Fund for Black and Indigenous Americans, a new grant initiative to provide financial resources for food or beverage businesses that are majority-owned by Black or Indigenous individuals.
Who can apply: Independently owned food or beverage businesses with 50 or fewer full- or part-time employees with at least 51% owned by Black and/or Indigenous Americans.
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Pop Up Grocer Fund
Pop Up Grocer is a traveling pop-up grocery store, showcasing hundreds of products from 150+ of the most innovative and exciting food, beverage, home, pet, and body care brands today. Currently operating in Williamsburg, Brooklyn. Pop Up Grocer gives 5% of in-store sales from each of its locations to one emerging, consumer packaged good brand, for whom the donation has immediate and significant impact.
Who can apply: Any emerging, consumer packaged good brand with a priority towards brands with non-white founders.
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Verizon Small Business Recovery Fund
About: Since the early days of the Covid-19 pandemic, Verizon launched a $7.5 million investment in LISC to launch the Verizon Small Business Recovery Fund, which provides grants of up to $10,000 to small businesses, particularly in historically underserved communities hit hard by the pandemic.
Whole can apply: Priority will be given especially to entrepreneurs of color, women- and veteran-owned businesses and other enterprises in historically under-served places who don’t have access to flexible, affordable capital. All awardees will have to certify that they are promoting the best interests of the community and are negatively impacted by the Covid-19 crisis.
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