Are There Grants Available to Start a Business?

Government and private grants provide funding to help entrepreneurs start businesses, with eligibility varying by industry, location, and business type. Opportunities include federal programs, state initiatives, and private grants supporting startups, research, and minority-owned businesses.

By Douglas Wade, Attorney

Email | Call (800) 484-4610

Have a quick question? We answered nearly 2000 FAQs.

Table of Contents

1. Grants from the government

2. Help with government contracts

3. Grants for small businesses in general

4. Diversity-focused and industry-specific small business funding opportunities

5. Extra resources

Grants from the government

Visit Grants.gov to start looking for a federal grant. You can get the most up-to-date list of all the money the government is planning to distribute on this official website. Businesses of all stripes can find a suitable grant among the thousands available.

Remember that not all forms of federal aid go straight to small companies. Institutions of higher education, nonprofits, and state and municipal governments get a portion of the budget. These groups then disperse the cash or put it toward local educational or technical aid initiatives.

Make sure to contact your local and state governments as well as make use of the tools provided below in addition to the programs mentioned here. Do not be surprised if you find that you are eligible for more than one grant or contracting program when doing your search.

You may see how the government’s aid options differ based on your unique circumstances in the following list of grants.

1. Employee Retention Credit: The CARES Act created a stimulus program known as the Employee Retention Credit (ERC), which is also known as the Employee Retention Tax Credit. Businesses affected by the COVID-19 outbreak can apply for this refundable tax credit, which is similar to a grant. The IRS website has eligibility requirements.

2. Illinois Infrastructure Grants: Governor Pritzker began a program to upgrade Illinois’s infrastructure in 2020. The Department of Commerce and Economic Opportunity (DCEO) set aside $3 billion of this for capital grants. Illinois’ $45 billion infrastructure effort includes these capital grants, which will help fund a variety of projects that will have a positive impact on local communities and companies. The DCEO keeps an open record of these awards, which may be for specific projects or for general use. The GATA website has further details on these funds.

3. The Minnesota Emerging Entrepreneur Loan Program (ELP): The mission of the Enterprise Loan Program (ELP) in Minnesota is to assist minority, low-income, female, veteran, and disabled company owners in expanding their companies. Grants from the program support nonprofit lenders across the state, who then lend money to new and growing companies.

Aside from helping businesses get off the ground, these loans have a few other goals: increasing economic growth in underserved areas, bolstering minority-owned businesses, and providing low-income people with employment opportunities. Businesses that meet the program’s eligibility requirements can apply for loans through DEED-approved certified nonprofit lenders; if necessary, DEED can help in identifying these lenders.

4. National Institute of Health Grants: Researchers interested in COVID-19 can apply for grants from the National Institute of Health (NIH). Biomedical technology development and research small firms are the only ones eligible for these subsidies. Deadlines for a number of awards will be spread out throughout 2024 and into the future.

5. NIDILRR’s SBIR program: Organizations seeking to contribute to the nation’s social and economic well-being via research and technological advancement are eligible to receive funding under the SBIR program. Through the Administration for Community Living (ACL), the SBIR will enable the National Institute on Disability, Independent Living, and Rehabilitation Research (NIDILRR) to award ten projects that aim to enhance the quality of life for individuals with disabilities. Estimates put the entire award amount at $1 million. The ACL website has details on the funds that are available through this initiative.

6. The San Francisco Accessibility Grant: San Francisco small business owners who want to make their facilities more accessible can apply for a grant. Accessible equipment, ADA barrier removal projects, CASp inspections, design services, and applicable permit costs are all eligible for the grant, which has a maximum award value of $10,000.

A San Francisco company registration is required, as is an average staff count of 100 or less, and total sales for a single site must be less than $2.5 million. Applicants can anticipate a reply to their application no later than fifteen days after submitting it. After the approval, they’ll have to produce images of the accessible upgrades and evidence of payment.

7. Small Business Innovation Research Program (SBIR): Grants are available through the SBIR for small enterprises to take part in government R&D projects with commercialization potential. It’s an awards-based program that encourages companies to innovate technologically and attain scientific excellence. You need to run a for-profit business and meet additional criteria to be eligible for SBIR awards.

8. Small Business Technology Transfer Program (STTR): The STTR program is devoted to supporting research and development, much as SBIR. What makes the STTR unique, though, is that it stipulates a legal partnership between the small firm and a research institution. In addition to meeting other criteria, running a for-profit business is a prerequisite for receiving STTR funds.

9. Texas Enterprise Fund (TEF): Businesses vying with out-of-state locations for new Texas projects can apply for “deal-closing” subsidies from the Texas Enterprise Fund (TEF). The performance-based nature of these incentives encourages substantial capital expenditure and the development of new jobs. To be considered, a company must have a track record of success in areas such as local support, financial stability, investment in capital, and job creation.

Grantees, if authorized, are required to sign contracts outlining their intentions to meet certain employment and pay goals, as well as terms for the restitution of funds in the event that they fail to do so. Approval is contingent upon passing a comprehensive screening procedure and receiving the full backing of senior governmental officials.

10. U.S. Department of Agriculture Rural Development Business Programs: Businesses in rural areas can get help growing their firm with the help of the USDA’s Rural Development Business Programs. The dates and standards for qualifying differ from program to program, but generally speaking, they provide loans, grants, and guarantees to help rural areas improve their economic standing and generate more jobs.

11. U.S. Department of Commerce Minority Business Development Agency (MBDA): There are a number of opportunities throughout the year to apply for minority-owned company grants and loans. Visit MBDA.gov to learn more about your neighborhood’s MBDA Business Centers, which are available to minority-owned companies.

12. U.S. Department of Education Grants: Numerous grants are accessible to small firms operating in the education sector through the United States Department of Education (DOE). Some grants are only available to public schools, state agencies, or nonprofits; others are open to applications from private sector for-profit businesses. The qualifying requirements for each award are different. There will be additional grant opportunities soon, and the deadline for the ones that are presently available runs until December 12, 2024.

13. U.S. Small Business Administration State Trade Expansion Program (STEP): This program disperses federal funds through state agencies to support small enterprises who want to export their products. Companies who fall within the state’s definition of a small business can use the funds to attend trade exhibits and missions abroad, build websites, create international marketing items or campaigns, get access to overseas markets, and more.

14. U.S. Economic Development Administration (EDA): As part of the Department of Commerce, the EDA provides continuing funding possibilities for initiatives that bolster economic growth on a national and regional level. Construction, planning, non-construction, technical support, research and evaluation, higher education, and other types of projects are all eligible to apply for a range of rolling-basis EDA investments.

Getting free money from the government naturally requires a lot of paperwork. It could take a lot of time and effort to fill out a grant application. Therefore, before applying, you should verify your eligibility. Ongoing reporting and auditing is necessary in addition to the administrative and legal conditions.

Help with government contracts

The annual budget for goods and services purchased by the federal government is in the billions of dollars. A competitive bidding procedure accounts for a significant portion of that budget. Some small firms can get help with the process through programs, giving them a greater opportunity to compete for those government cash.

1. Service-Disabled Veteran-Owned Small Business Program: This initiative contributes to the federal government’s goal of allocating at least 3% of all federal contracting funds to firms owned by veterans each year. Veterans with disabilities who run small businesses might get help through this government contracting program. A service-connected disability, ownership or control by at least one service-disabled veteran over 50% of the business, management of both daily operations and long-term objectives by at least one service-disabled veteran are all requirements for small enterprises to be eligible.

2. Women-Owned Small Business (WOSB) Federal Contracting Program: On an annual basis, the federal government aims to distribute at least 5% of its contracting funds to small companies controlled by women. The Office of Women’s Business Ownership is a branch of the Small Business Administration (SBA) that helps women get their businesses off the ground by connecting them with resources like counseling, training, federal contracts, and financing. All women in business should have equal opportunity, according to their objective.

3. 8(a) Business Development Program: Owners from economically and socially disadvantaged backgrounds will receive assistance through this initiative, which aims to support startups. To do this, only companies who are members of the 8(a) business development program are eligible to compete for certain government contracts. An 8(a) entity certification is required for participation.

4. HUBZone Program: Underutilized business zones benefit from this initiative because it increases their competitiveness for certain government contracts. In addition to having a 10% price evaluation preference in open contract contests, businesses who participate in the HUBZone program are eligible to compete for set-aside contracts.

5. Natural Resource Sales Assistance Program: Not only does the federal government spend billions on products and services, but it also sells surplus property and natural resources in significant quantities. Only small companies are eligible to bid on a portion of these items under the SBA Natural Resource Sales Assistance Program. To further facilitate purchasing by small enterprises, government agencies occasionally portion out leftover products in smaller quantities. These five groups consist of:

Strategic materials
Timber and related forest products
Leases involving rights to minerals, oil, coal, and gas
Royalty oil
Surplus real and personal property

Additionally, the program offers training on government sales and leasing to small businesses.

Grants for small businesses in general

Numerous organizations, both for-profit and non-profit, provide grants and other forms of support to small enterprises. A handful of these programs are available to small firms in any sector that meet the requirements:

1. 500 Global Flagship Accelerator Program: The 500 Global Flagship Accelerator is open all year for startups and small companies looking to raise capital. Founded in 2010, this program has provided startups with a $150,000 investment and access to a San Francisco-based accelerator program for four months. The company’s website has all the application rules.

2. Awesome Foundation Grants: Individuals and organizations seeking funding for a variety of initiatives are each month given $1,000 grants by the Awesome Foundation. Members of the Awesome Foundation’s eighty-four autonomous chapters combine their little donations into a larger pot for grant initiatives. Startups and small enterprises have been among the beneficiaries of the monthly handouts, however financing is not limited to them. They welcome applications continuously.

3. The Freed Fellowship Grant: Small business entrepreneurs in the United States can apply for a monthly award of $500 through The Freed Fellowship. In order to analyze each candidate, they use the 5C Framework, which looks at their company from every angle. Applicants not only get the cash, but also constructive criticism and a complimentary two-month membership to the Freed Studio, a group of driven entrepreneurs. A $2,500 end-of-year grant is also available to those who receive grants.

4. GoFundMe Small Business Relief Fund: To help small companies hit hard by COVID-19, the Small Business Relief Fund on GoFundMe is offering to match grants up to $500 if a campaign raising at least $500 reaches that goal. Corporations such as Bill.com, GoDaddy, Intuit QuickBooks, Yelp, and GoFundMe are supporting the fund. To verify their company, small business owners who already have campaigns going can include the hashtag #SmallBusinessRelief and submit the required form.

5. Hustler’s Microgrant: To back enthusiastic company owners in their early stages, the Hustler’s MicroGrant provides $1,000. Grantees include Deja Vu Parker of WBLS and HerSuiteSpot, and they aim to aid potential small businesses in the US by providing them with funding and other tools so that they may expand. Eligible small company owners are invited to apply, since applications are taken on a monthly basis.

6. Secretsos™ Small Business Grant: To assist entrepreneurs in overcoming obstacles and speeding up growth, the Secretsos Small Business Grant provides $2,500. Entrepreneurs in the United States who are at least 21 years old and based in a qualifying state (not including Alaska, Hawaii, Florida, New York, or Rhode Island) are eligible to apply. The deadline for applications is December 31, 2024, at 11:59 p.m. CST. The chosen beneficiary will have complete freedom to spend the money as they see fit to expand their company.

7. Skip Monthly Grants: Small business aggregator Skip gives out monthly grants to entrepreneurs and small company owners in the US. The actual amount of the awards vary depending on Skip’s monthly YouTube income, but they’re usually about $1,000. If you want to be in the running, you need a Skip account, Funding Assistant, and a YouTube subscription. Applicants may expect to hear about the next round of award deadlines soon.

8. Skip Instant Grants: If you’re looking for financial options with shorter turnaround timeframes, Skip provides Instant Grants on a continual basis. Typically, these awards are disclosed a few days ahead of time and happen twice monthly on average. Applicants must take part in Skip’s selection process YouTube livestream. If you follow Skip on social media, you’ll find out more about these continuing fundraising possibilities.

9. Skip $10k Grants: No matter how much or how little experience you have as an entrepreneur, Skip can help you find the financing you need. Skip is offering a $10,000 grant to budding entrepreneurs to help fund their startups. November 3, 2024 is the cutoff date for submissions.

10. Small Business Digital Readiness Program: To better equip small company owners to thrive in the digital era, National ACE and Verizon have collaborated to create a digital readiness program. Professional mentoring, peer support, and other tools to help your small business thrive are all part of the free online course. A $10,000 scholarship is available to those who enroll in the program and complete both required courses. Check out the program’s homepage for additional information about this opportunity, which is now underway.

11. Small Business Readiness for Resiliency Program: The consequences of a natural catastrophe are frequently most severe for small businesses. The unexpected need to acquire capital to fix a roof or deal with flood damage may be a major setback for a startup. The United States is taking steps to alleviate some of these worries and expenses.

The R4R Program, which stands for Small Business Readiness for Resiliency, is a joint venture between the Chamber of Commerce Foundation and FedEx. In the event of a crisis, the program can supply small companies with emergency financing and assistance in developing disaster preparedness strategies. There is a four-step procedure that businesses must follow in order to be considered for funding opportunities.

12. Start.Pivot.Grow. Micro Grant: To help cover necessary costs like rent, inventory, and marketing, Micro Grant offers small businesses $2,500 in non-dilutive financing. This opportunity is available to for-profit businesses in the United States that have been around for at least two years. To be eligible, your company has to have a yearly revenue of $50,000 or more and no more than two workers (including the owner). In addition, the winners will get a Prep My Loan Planner and a Digital Business Growth Planner to help them with their progress. They accept applications on a continuous basis and distribute grants every three months.

13. Walmart Spark Good Local Grants: To help organizations in their communities with specific needs, Walmart and Sam’s Club have created the Spark Good Local awards program. These awards can range from $250 to $5,000 and are available to qualified applicants. Eligibility is based on tax ID status; educational institutions, governmental agencies, and 501(c)(3) charities are eligible. Applicants can submit their grant requests every three months; the next round will be available from November 1, 2024, until December 31, 2024. In order to apply, all organizations need to have a Spark Good account and be Deed verified.

Diversity-focused and industry-specific small business funding opportunities

In addition to having a simpler application procedure, certain small business grant programs target a certain type of entrepreneur or company profile. Be sure to verify with local charities and major businesses; this is only a sample list.

1. 2024 Black Girl Ventures Pitch Program: Entrepreneurs of color from New York City, Chicago, and Los Angeles will have access to mentoring, a live crowdfunded pitch competition, and networking events through the Black Girl Ventures Pitch Program in 2024.

All candidates must be lawful permanent residents of the city in question, have a source of income, and meet all other eligibility requirements. The last dates for submission are October 9 in New York City and November 6 in Los Angeles. Prizes include $5,000 to $15,000 in cash, membership to the BGV Connect Incubator, and introductions to other entrepreneurs and investors.

2. Accion Opportunity Fund: Accion Opportunity Fund provides small company loans in the amount of $5,000 to $250,000, in addition to English and Spanish instructional materials, mentoring, and support networks. When it comes to funding, small company owners may take use of this program’s mentorship programs, microloans, and hubzone initiative. The 90% diversified clientele served by Accion Opportunity Fund has resulted in the creation and maintenance of more than 50,000 employment, as well as the generation of $1 billion in economic activity.

3. Amazon’s Black Business Accelerator Program: The Black Business Accelerator Program is open to Amazon sellers that meet certain criteria. The initiative provides financial aid, coaching, business guidance, and promotional assistance to Black entrepreneurs. Opportunities for cash grants, advertising credits, and start-up funding will be available to qualified vendors, in addition to free imaging services. Visit their website to find out more about this opportunity.

4. Amazon Business Small Business Grant Program: This year, small companies in the United States will be the recipients of more than $250,000 in grants through Amazon Business’s third annual Small Business Grant Program. One winner will get $25,000 as the major prize, four finalists will receive $20,000 each, and ten semi-finalists will each receive $15,000.

Recipients of the grant will also get Amazon devices, Amazon Basics items, and a free Business Prime subscription for one year. Apply by May 24, 2024, and you might be one of the lucky winners! The contest is open to current Amazon Business customers with yearly sales of $1 million or less. The announcement will be live on July 22, 2024.

5. Amber Grant Foundation: In 1998, WomensNet established the Amber Grant Foundation with the clear purpose of assisting female businesses. There are a number of grants that the foundation gives out throughout the year. Some of them include the Monthly Amber Grant, which is $10,000, the Startup Grant, which is $10,000 each quarter, and the Non-Profit Grant, which is $25,000 each. Each of the twelve business category grants provides $10,000 more every month, and all qualified applications are considered until the end of the category’s designated month.

6. America’s Seed Fund: American entrepreneurs and small companies working on cutting-edge technological projects can apply for grants of up to $2 million through the National Science Foundation’s (NSF) America’s Seed Fund. The National Science Foundation (NSF) accepts project proposals continuously and usually responds within one month.

7. Aurora Tech Award: Within the first five years of their startup’s inception, women founders of technology companies are eligible to receive the Aurora Tech Award, a grant sponsored by inDrive. There will be a total of $85,000 in prizes for the top five finishers, including $30,000 for the winner and other benefits including mentoring and networking opportunities.

A workable product prototype, no more than $4 million in past investment, and leadership or co-leadership by a woman are the requirements for businesses to be eligible. The deadline to apply is November 21, 2024, and the announcement of the winners will be made in the spring of 2025.

8. Backstage Capital: In order to empower women, persons of color, and LGBTQ+ entrepreneurs, Backstage Capital invests in enterprises founded by these groups. They are mostly interested in investing in rapidly expanding, scalable enterprises located in the United States. Investments, which mostly target early-stage enterprises, usually start at $100,000 and go higher. Applicants who do not get a response are given constructive criticism and encouraged to resubmit at a later date.

9. Binc Foundation Emergency Financial Assistance: Booksellers, bookshop owners, and workers or owners of comic book stores who find themselves in unexpected financial straits can apply for emergency financial aid from the Binc Foundation. Requirements for eligibility include employment history and qualifying life events that cause financial hardship. In order to assist individuals in regaining financial stability, Binc’s process includes a private application and verification of paperwork.

10. Boundless Futures Foundation: Organizations in the United States that advocate for women business owners or female entrepreneurs themselves are eligible to receive funds from the Boundless Futures Foundation. Entrepreneurs can get up to $25,000 from the EmpowHer Grant, which they can use to cover company expenditures after they submit confirmation of payment.

Through the Her Village Grant, nonprofits can apply for up to $30,000 to promote female entrepreneurs through education, mentorship, or finance. They will announce the next round of applications for the Her Village Grant soon, but the EmpowHer Grant takes applications every three months.

11. Career Development Grants: For women who want to further their professions, switch gears, or go back into the workforce after a hiatus, the American Association of University Women (AAUW) has created Career Development Grants, which can be up to $8,000 for non-degree programs and $20,000 for degree programs. U.S. citizens or permanent residents participating in authorized programs inside the U.S. are eligible applicants.

Applicants must have received a bachelor’s degree before June 30, 2017. They prioritize women seeking their first graduate degree or certifications in the fields of education, health, STEM, and social sciences, as well as those overcoming personal barriers or serving marginalized groups. You have until November 22, 2024, to submit your application.

12. Carhartt For the Love of Labor Grant: In response to a severe scarcity of workers, the well-known workwear distributor Carhartt established the Love of Labor award program to assist individuals in establishing connections with local trade programs. There will be a continual distribution of awards to like-minded groups that help people get trade employment through training, education, and placement. Contacting Carhartt directly is the best way for organizations interested in the initiative to apply. They also welcome nominations.

13. Casper Accelerate Grant Program: By promoting the use of the scalable blockchain network Casper, the Casper Association hopes to hasten the widespread acceptance of blockchain technology. Casper has launched the Casper Accelerate Grant Program to encourage innovation in the blockchain sector. They are looking for app developers that can help with infrastructure, end-user apps, and research innovation. There is no set time limit on applying to this $25 million award program; the deadline is flexible.

14. Child Care Business Opportunity Fund: The Women’s Business Development Council (WBDC) and the Connecticut Office of Early Childhood have partnered to create the Child Care Business Opportunity Fund, which provides grants of up to $25,000 to child care enterprises in the state of Connecticut. Licensed and aspiring enterprises in all phases, from startup to expansion, are eligible to apply for these subsidies. Timelines for applications vary per grant opportunity; the current deadline is November 15, 2024, with additional announcements forthcoming.

15. DoorDash Restaurant Disaster Relief Fund: To aid restaurants in their recovery from catastrophic events, extreme weather, or infrastructure breakdowns, DoorDash has established the Restaurant Disaster Relief Fund, which awards $10,000 in grants. Any brick-and-mortar restaurant, gastropub, or bakery in the United States that has lost money in the last 12 months as a result of a declared catastrophe is welcome to apply.

Companies can’t have more than three sites, they need to be open for a minimum of six months, each site can’t have more than fifty employees, and their yearly income can’t exceed three million dollars. Fall applications are available until 6:00 p.m. on December 2, 2024, as part of the quarterly application process.

16. Etsy Emergency Relief Fund: Thanks to a collaboration with CERF+, a group that assists artists in disaster preparedness and recovery, Etsy company owners may be eligible to apply for relief funds. Since the partnership’s inception in 2017, the two businesses have contributed a total of up to $2,500 to the grant program. You need to have been an Etsy seller for a year and have had your company impacted by a natural catastrophe in order to qualify. There is a rotating grant opportunity.

17. Foundation for a Just Society Grants: Global, national, and regional groups fighting for LGBTQI rights, as well as those fighting for the rights of women and girls, are eligible to apply for funds from the Foundation for a Just Society. There are four grant cycles every year (March, June, September, and November), and proposals are welcomed two months in advance of each cycle.

18. HerRise MicroGrant: Businesses in the United States that are majority-owned by women of color and have unique community solutions but are having trouble getting funding can apply for the HerRise MicroGrant. Each month, HerSuiteSpot’s First Friday Mixer announces the winners after reviewing all of the applications. Please do not apply if you are a nonprofit, a franchisee, a direct seller, an authorized reseller, or an independent consultant.

19. Hivers and Strivers Investment Program: Hivers and Strivers is an angel investment club that helps fund startups that meet certain criteria. In particular, the investment organization backs proposals from companies run by or controlled by veterans. Opportunity funding might be between $250,000 and $1 million. Businesses that depend on government contracts are unable to apply, however qualified individuals can submit financing proposals for business ideas on an ongoing basis.

20. IFundWomen Universal Grant Application: Women business owners looking for grant money might find this information useful. With the help of companies like Comcast, Visa, and Caress, IFundWomen has distributed more than $170 million in awards to female entrepreneurs. Members of the IFundWomen community give applicants first dibs on any financing possibilities or resources they may have.

21. #MomsMeanBusiness: ZenBusiness, which assists individuals in starting and managing their own businesses, has launched the #MomsMeanBusiness campaign to honor mothers for their strength and achievements. To assist moms take the first step toward entrepreneurship, ZenBusiness is paying business formation charges and will help entrepreneurs organize an LCC, manage spending, get a business name, and more. “Every mom in America” will have their expenses covered, and the program is open for enrollment right now.

22. National Association for the Self-Employed (NASE) Growth Grants: The NASE has awarded more than $1,000,000 in awards to its members, as stated on their website. You may get up to $4,000 in growth grants to help with things like marketing, training, and more. In order to apply, you need to have been a member for at least three months.

23. Olga Loizon Memorial Foundation: To honor the legacy of Olga Loizon—the visionary behind the beloved Detroit eatery Olga’s Kitchen—the Olga Loizon Memorial Foundation provides awards of up to $10,000 to deserving Michigan women entrepreneurs. All applicants must be Michigan residents, run a business in the state, and provide proof of financial hardship in the form of a personal statement and a written business plan. They welcome applications continuously.

24. Patagonia Corporate Grant Program: Nonprofits working to save the environment may apply for a corporate grant from Patagonia, which ranges from $10,000 to $20,000. Even though Patagonia only gives funds to organizations that are invited, they will accept suggestions for groups that meet the program’s requirements.

25. RTC Women in Tech Fund: In an effort to combat racial and gender inequity in technology, Rewriting the Code (RTC) gives chances to women in college and early careers so that they may make a difference. If you are a woman attending an undergraduate technology program and are experiencing financial difficulties, you may be eligible for assistance from the RTC Women in Tech Fund. Applicants can choose from three distinct awards, each tailored to meet a particular set of financial requirements. They welcome applications continuously.

26. Sephora Beauty Grant: One way that Sephora and Fifteen Percent Pledge are working to eliminate financing disparities and increase diversity in the beauty sector is by presenting $100,000 to a Black-owned beauty business. Applicant eligibility requirements include a minimum of one year in operation, $100,000 in yearly revenue, and 50% Black ownership. Winners will be revealed at the 2025 Fifteen Percent Pledge Gala in Los Angeles; applications can be submitted until November 15, 2024.

27. Southern California Job Creators Grant: Ten companies across Southern California will each receive a $50,000 grant from the Southern California Job Creators Grant. Each grant comes with a scholarship to the Founders First training program. Businesses in Los Angeles, Imperial, Riverside, Orange County, San Bernardino, or San Diego that make between $100,000 and $5 million a year and work in a B2B or B2G model are eligible to apply. Establishments are required to have a minimum of two full-time workers and the ability to generate two more premium-wage positions in the next twelve months. November 11, 2024 is the cutoff date for submissions.

28. StartOut Scholarship Program: Entrepreneurs who are LGBTQ+ and want to join StartOut’s Founder Program and become a Giving Member can apply for scholarships. Members of the LGBTQ+ business community who were once marginalized, ignored, or undervalued are eligible for a free 12-month membership under the program.

29. Supplier Innovative Finance Program: For New York’s SEDI firms looking to expand and get access to financing, the Empire State Development’s Supplier Innovative Finance Program provides up to $5,000 in unrestricted grants. In addition to financial backing, firms have access to instructional materials and matching services that may assist founders in becoming more financing ready. Any business with a New York headquarters and yearly sales of $250,000 to $10 million that can prove to be majority- or minority-owned by women, veterans, or members of the LGBTQ+ community is welcome to apply. They welcome applications continuously.

30. The Wish Local Empowerment Program: By allocating $2 million to support over 4,000 Wish Local partners, this initiative, brought to you by the e-commerce company Wish, helps small companies owned by Black entrepreneurs. There is some leeway in the distribution of the funds, which can range from $500 to $2000. Some of the requirements for participating firms include being Black-owned, having 20 or fewer workers, and having yearly revenue of less than $1 million. In addition to joining Wish Local, successful candidates will have access to its customer base through a variety of relationship options.

Extra resources

When looking for financial aid and funds, the programs mentioned above are a solid place to begin. If you want to learn more, you might want to check out the websites provided below.

The Agricultural Justice Project (AJP) is an initiative that provides farmers and food company owners with free tools and assistance.

Through its Technology Transformation Services, which are part of the General Services Administration, Challenge.Gov assists federal agencies in achieving their objectives through the use of crowdsourcing and prize competitions. Challenge.Gov has hosted more than 1,300 challenges since 2010, with 105 in 2021 alone, awarding over $60 million in prizes (including non-monetary ones).

A government program known as the Community Development Financial Institutions (CDFI) Fund provides funding to approved lenders who target low-income neighborhoods. The Capital Housing Fund provides low-income neighborhoods with affordable housing, while Native Initiatives offers training and support to Native American communities. These are only two of the many program areas that make up the CDFI.

The Fearless Fund is an American venture capital fund that backs companies run by minority women. Offering up to $3 million in return for a minimum ownership share of 10%, the fund focuses on early-stage investments in a variety of sectors. The fund seeks startups in the pre-seed, seed, or series A funding stages across a variety of sectors, and it offers up to $3 million in return for a minimum ownership interest of 10%.

A variety of funding opportunities exist for Black-owned enterprises, such as venture capital firms and initiatives that provide funding to Black entrepreneurs.

Entrepreneurs from marginalized communities, including the LGBTQ+ community, have access to a variety of funding opportunities, such as resource networks and grant programs.

Hispanic-owned businesses have a number of funding choices, such as funding sources and groups that help Latinx and Hispanic entrepreneurs.

Various low-interest loans, grants, and other forms of financial assistance are available to minority-owned enterprises.

Entrepreneurship accelerators, pitch contests, and government-backed initiatives are just a few of the funding opportunities available to veteran-owned companies.

There are a number of resources available to women entrepreneurs in the United States, including ten different programs, agencies, and organizations that provide funding options.

The website GrantsForWomen.org is an online directory that lists all the grants that women may apply for throughout the world. It also has helpful tips on how to apply for grants and details on courses and events that women in business can attend. Whether they are for-profit or non-profit, the awards included in this database come from respectable sources including foundations and venture capital funds.

In order to assist women in achieving their educational and professional aspirations, Soroptimist International of the Americas hosts the Live Your Dream Awards, which provides awards of up to $16,000. You have until November 15, 2024, to submit an application for this cycle.

Accelerator programs, small business grants, and networking events are just a few of the resources and financial options available to AAPI-owned firms.

There are SBA Small Business Development Centers across the country that can help businesses of all types find more national and local funding possibilities.

Volunteer business mentors from SCORE may advise entrepreneurs on a wide range of issues, including raising capital and running a business.

By answering a series of questions on their company’s finances and goals, entrepreneurs may use the Tory Burch Foundation financing Finder to receive tailored financing suggestions and access to relevant resources.

Warrior Rising is a nationwide organization that provides mentorship, financial support, educational opportunities, and training to Veterans and their immediate families so that they can start their own businesses. More than 5,400 Veterans have received support in 2024 alone, bringing the total number of beneficiaries to over 26,000. Additionally, 21 companies operated by Veterans have been able to grow their worth to $1 million since the initiative began in 2015.

Have a quick question? We answered nearly 2000 FAQs.

See all blogs: Business | Corporate | Employment

Most recent blogs:

Best Free Payroll Software for Small Businesses and Startups in 2025

Find the best free payroll software options for small businesses and startups in 2025 with essential tools and flexible features. Compare user-friendly platforms offering global payments, tax calculations, employee portals, and cloud access at no cost.

What Services Does a California Business Lawyer Provide?

A California business lawyer helps protect your company by providing legal guidance on structure, taxation, contracts, and compliance. Their services ensure you avoid costly mistakes and navigate disputes, allowing you to focus on growth.

Where Can I Find a Business Lawyer?

Find a skilled business lawyer to navigate legal matters like contracts, trademarks, and liability issues. Protect your company with expert legal advice and support.

What Are the Requirements for a Business Contract Termination Letter?

A contract termination letter must clearly state the reason for termination, reference the original contract, and follow required notice procedures. Ensuring proper documentation and adherence to contract terms helps prevent legal disputes and wrongful termination claims.

Are Verbal Contracts Binding in California?

A verbal contract can be legally binding in California, but proving its terms in court is often difficult. Written agreements provide stronger legal protection, reducing risks of disputes and misunderstandings.

Where Can I Find a Business Lawyer Near Me?

Find a business lawyer by seeking referrals, researching credentials, and ensuring they specialize in your industry’s legal needs. Schedule consultations to assess their expertise, compatibility, and pricing structure before making a final decision.

What Is the Statement of Information and When Is It Required?

A Statement of Information is a required filing for California corporations and LLCs, providing key business and leadership details. Filing deadlines vary, requiring annual or biennial submissions to maintain compliance and avoid penalties.

What Is Indemnity and How Does It Apply to Insurance Contracts?

Indemnity protects individuals and businesses from financial loss by ensuring compensation for damages under legal agreements, including insurance contracts. Various indemnity policies cover liability, property damage, and professional risks, with terms defining coverage limits and exclusions.

What Is Gross Profit and How Is It Calculated in Financial Statements?

Gross profit represents the revenue remaining after deducting the cost of goods sold, helping businesses assess production efficiency and pricing strategies. Calculating gross profit involves subtracting direct expenses from revenue, providing insights into cost control and financial performance.

What Is Gross Income and How Does It Differ From Net Income?

Gross income includes all earnings before deductions, while net income is what remains after taxes and expenses. Understanding these figures helps determine tax obligations, loan eligibility, and overall financial health.

What Is Beneficial Ownership Information and Why Is It Important for Compliance

Beneficial ownership information helps prevent financial crimes by increasing transparency in corporate structures. Businesses should stay informed on reporting requirements to avoid penalties and ensure compliance with evolving regulations.

What Is Arbitration and How Does It Resolve Disputes?

Arbitration resolves disputes by allowing a neutral third party to make binding decisions, offering privacy and efficiency over traditional litigation. Businesses and individuals prefer arbitration for its speed, cost savings, and adaptability, ensuring enforceable outcomes across various legal frameworks.

What Is a Corporation, and How Does It Differ From an LLC?

A corporation is a separate legal entity owned by shareholders, while an LLC offers flexible management and pass-through taxation. Corporations require stricter compliance and structured oversight, whereas LLCs provide fewer formalities and adaptable ownership structures.

How Do You Incorporate a Business, and What Are the Benefits?

Incorporating a business creates a separate legal entity, protecting personal assets and offering potential tax advantages. This process enhances credibility, simplifies ownership transfer, and provides growth opportunities while requiring compliance with specific regulations.

How Do You Get an LLC, and What Are the Benefits of Forming One?

An LLC provides liability protection, tax flexibility, and management freedom for business owners. Follow seven simple steps to establish one efficiently.

How Do You Start a Business, and What Are the Legal Requirements?

Starting a business in California requires careful planning, legal compliance, and financial preparation. From selecting a business structure to obtaining permits, tax registration, and funding, each step is crucial for long-term success.

How Do Accrual Accounting and Cash Accounting Differ in Financial Management?

Accrual accounting records transactions when they are earned, while cash accounting records them when money changes hands. Choosing the right method impacts taxes, financial planning, and cash flow management for businesses.

Do I Need a Permit to Operate a Vending Machine?

A vending machine business requires permits, including a business license, EIN, and compliance with state and federal regulations. Proper location approval, ADA compliance, and product labeling are essential for legal operation and profitability.

Are There Grants Available to Start a Business?

What Is a Stock Corporation in California – General Requirements?

A stock corporation in California raises capital by selling shares, granting investors ownership and voting rights while maintaining limited liability. These corporations, classified as C or S, follow specific legal steps, including filing Articles of Incorporation and drafting corporate bylaws.

Is a Contract Valid Only if It Is in Written Form?

A contract can be legally binding whether written or verbal, but some agreements, such as real estate deals, require written documentation. A valid contract must include clear terms, mutual agreement, legal capacity, consideration, and intent to create enforceable obligations.

What Is a Cash Receipt and Why It Matters for Business Transactions

A cash receipt records the exchange of cash during a transaction, detailing the amount, parties involved, and purchase specifics. Maintaining accurate cash receipts supports tax reporting, financial management, and dispute resolution while ensuring compliance with audits.