Grant Amount: $2,500
Founders First CDC has announced that some $100,000 in grant money is available for minority-owned businesses in the state of Texas. This is the second round of grants being awarded by the nonprofit as part of the Job Creators Quest Grant to support minority and underrepresented business owners.
This grant helps business owners create premium wage jobs and reward diverse-led businesses throughout Texas to retain and grow their workforce.
Grants will range from $1,500 – $10,000 per company and include a guaranteed spot in one of Founders First’s accelerator programs. The accelerator program offers a full-tuition scholarship to awardees with ways to increase their revenue and drive profitable growth.
Funding can be used as growth capital to hire or rehire premium wage jobs or be used as a cash infusion to purchase, fix or enhance equipment necessary to help businesses manage growth challenges and scale for the future.
The application deadline is July 25, 2022, 5:00pm Central
How to qualify?
- Have a current staff of 2-20
- Should be a service-based business
- Act as a for-profit company with annual revenues between $100,000 and $3 million
- Founded by an entrepreneur who identifies as a minority, LGBTQIA+, military veteran, a woman or is located in a low-to-moderate income area