Minority Grants

Minority Grants A lot of money is kept aside to provide grants for minorities and minority groups. In fact, over $1 billion is available each year for minority grants and minority business grants. A number of minority groups can take advantage of this. These minority grants are available at the local, state and national levels.

Politicians leverage their position and use it to provide benefits to minorities in exchange for votes.

Grants for Minority Owned Businesses: The U.S. Small Business Administration’s 8(a) Business Development Program helps minority owned businesses to grow and develop their business through training workshops, counseling and management and technical guidance. They help in administering small business grants for minorities.

Over $1 billion Dollars in minority business grants for business start-ups costs are available every year. In addition to this, millions more are available to minorities and minority groups to expand existing businesses.

Other Grants for Minorities: Minorities stand to receive millions worth of grants for first-time home buyers. Over $8,000 in grants for legal advice and $6,000 in grants for college tuition scholarships is given out by the local, state and Federal Government.

Grants for Women: An interesting thing to note is that American Women from all ethnic backgrounds are considered a minority. They can receive grants from the government and private institutions. Hence, grants for women comprise not only of women grants but also minority grants.

There are several agencies, both on the national and local level that administer grants to women entrepreneurs. There are over 5,000 government sources of grants over $20 billion in grants for starting a small business.