Almost every business has suffered in some way over the past two years. But some businesses, such as bars, restaurants and minority-owned businesses were disproportionately affected. Fortunately, there are some current grant opportunities available for these small businesses.
More COVID scholarships available for small businesses
Read this week’s best small business grants below.
Maui County Small Business Scholarship Program
Maui County and the Maui Federal Credit Union have partnered to provide grants to local restaurants, bars, and gyms. The Maui County Small Business Grant Program is using US bailout funding to support businesses hit hard by the pandemic. Each scholarship is $5,000. To qualify, companies must provide evidence of a 25% decline in total revenue from 2019 to 2020. You must also have a lease or lease agreement in Hawaii, have $2 million or less in total revenue as of 2020, and meet Some other qualifications. Applications are now available online.
Enrichher Small Business Grant
EnrichHER is about to launch the following grant competition for Women Entrepreneurs and Foundations of Color. A black woman-owned fintech lender is offering $5,000 in grants to support disadvantaged businesses and those hardest hit by the pandemic, inflation and worker shortages. Recipients can use the funds for various operational needs, from marketing to purchasing new equipment. Applications are accepted from January 20 to February 3. The winners will be announced on March 31st.
Santa Clara County Small Business Grant Program COVID-19 Relief
Santa Clara County, California unveils a new grant program to support small businesses in the area. The $2.4 million grant comes from the California COVID-19 Relief Grant Program (MBCRG). The Community Partner Foundation will administer the program, selecting small businesses that will receive $2,500 in grants to offset the negative effects of the pandemic. Approximately 875 local businesses will receive the funds. Priority will be given to women-owned businesses, minorities, veterans, and those who face systemic barriers to funding. Companies must have fewer than five employees and less than $50,000 in revenue as of 2019 to qualify. Applications will be available in the coming weeks.
California Paid Family Leave Program Scholarships
Some California small businesses may qualify for a new grant program designed to support paid family leave. Funding is provided through the California Employment Training Authority and the California Employment and Workforce Development Agency from the state’s General Fund. Companies with fewer than 50 employees can apply for $2,000 per employee who uses the state’s paid family leave program. Companies with between 51 and 100 employees can apply for $1,000. Funds can be used for training and managing employees’ workload while they are on vacation. Applications are now available online. The deadline for this current round is February 8th.
Bethel Small Business Assistance Program
Small businesses in Bethel, Connecticut, will get another chance to apply for pandemic recovery grants. The city has already given about $127,000 to 34 businesses since the launch of the Small Business Assistance Program. The second round includes enough funding to support about 70 other companies. Companies with 25 or fewer employees that have been negatively affected by the pandemic are welcome to apply. The deadline is February 1.
Quest Grant founders of the first company to create jobs
Founders First, a national nonprofit, has announced a new round of grant funding for minority entrepreneurs in the Chicago area. The organization will support 30 companies, giving a total of $100,000. The program also includes a Business Accelerator Program. To qualify, companies must serve B2B segments, have between 2 and 20 employees, and revenue between $100,000 and $3 million. In addition, founders must be black, Indigenous, people of color, a member of the LGBTQ+ community, veterans, or women in low to middle income areas. Applications are now available. The deadline is February 4th.