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The Corporate Counsel Women of Color Entrepreneurs grant offers five businesses owned by women of color $2,500 each to help grow and develop their businesses. Applications for 2024 grants are now ...
39% of Black-owned businesses were owned by Black women in 2021, while men owned 53%. In the 2023 fiscal year, the SBA backed 4,781 loans to Black-owned businesses, totaling $1.45 billion.
Between the SBA 504 and 7(a) programs in the 2023 fiscal year, 13,056 were approved for women-owned businesses of 50 percent or more, compared to the 42,409 approved men-owned businesses. Gender ...
The SBA was created on July 30, 1953, by Republican President Eisenhower with the signing of the Small Business Act, currently codified at 15 U.S.C. ch. 14A.The Small Business Act was originally enacted as the "Small Business Act of 1953" in Title II (67 Stat. 232) of Pub. L. 83–163 (ch. 282, 67 Stat. 230, July 30, 1953); The "Reconstruction Finance Corporation Liquidation Act" was Title I ...
The internet enabled black-owned businesses such as McBride Sisters Wine Company to become visible and reach a larger market than would have been possible pre-internet. [59] [60] The Dodd–Frank Wall Street Reform and Consumer Protection Act of 2010 had as one goal to assist black-owned businesses land more federal contracts. It required ...
Several grant programs exist to support minority-owned small businesses, from both the government and nonprofit organizations. The definition of “minority” varies by program, though most focus ...