Miami-Dade Economic Advocacy Trust’s $5,000 Minority Small Black Business Capitalization Program aims to create access to capital for Black entrepreneurs
Black business owners experience unique challenges when trying to access capital to expand their enterprises. Bank of America’s 2021 Black Business Owner Spotlight reveals that 56 percent of participants admitted those challenges limited their business growth. To help reverse this trend, Miami-Dade Economic Advocacy Trust (MDEAT) is doubling grants to $5,000 for the fourth edition of its Minority Small Black Business Capitalization Program. MDEAT is distributing grants to 12 qualified businesses operating in Miami-Dade County.
The grant can be used for the following:
- Inventory/Supplies/Other than food items
- Business Equipment
- Marketing/Advertising
- Business Expansion
- Technology (e.g., computer, software, copier, etc.)
- Download Application
Original source can be found here.
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