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Grants for Business Launch and Growth
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As a service for our small business clients, the Pace SBDC keeps a running list of grants that provide financing to entrepreneurs looking to grow or expand their small businesses. If you're looking for COVID-19 relief related grants, check out our Privately-Funded COVID-19 Grant Programs and Government-Funded COVID-19 Grant Programs pages.

Privately-Funded Growth & Launch Grants
digitalundivided's BREAKTHROUGH Program, sponsored by JPMorgan Chase's Advancing Black Pathways, provides founders with a deeper understanding of their customers, startup funding, growth marketing strategies, and networking opportunities to scale their ventures. Each company accepted into the program will receive a $5,000 grant*

Deadline to apply is 3/27/2023
Mastercard is launching "The Catalyst Fund", in partnership with Global Entrepreneurship Network (GEN) and Hello Alice, to award $175,000 in grants to Black entrepreneurs to help them succeed. Mastercard aims to empower small businesses in the U.S. by bringing together financial service providers, small business support organizations, and tech platforms to equip small businesses with digital tools to enable their resilience and growth. To be eligible, applicants must be a for-profit business majority owned (51+%) by a Black-identifying entrepreneur(s) based in Atlanta, Birmingham, Dayton, Los Angeles, New Orleans, New York City, St. Louis and/or Washington D.C. as defined here. Applications are open now.

Deadline to apply is 3/31/2023
This is an annual program for BIPOC-owned businesses looking for marketing and growth opportunities. The Pay It Forward program offers:
  • A free three-month TV advertising schedule
  • A free :30 commercial produced by Waymark
  • Support from local marketing experts
  • Access to on-demand educational resources & top industry insights
  • Invitations to exclusive marketing events
The ideal candidates are business owners that are involved in the community. Specific qualifying information can be found on registration page.

Deadline to apply is 3/31/23

Verizon Small Business Digital Ready opens new round of grant funding. Small businesses can access free valuable resources as well as apply to receive a $10,000 grant. In partnership with Next Street and LISC, the Verizon Small Business Digital Ready online resource is designed to give small businesses the tools they need to thrive in today’s digital economy.

Deadline to apply is 5/12/2023
Grants up to $10,000 per business will fill gaps in funding by prioritizing businesses owned by people of color, immigrants, and women. While small businesses have kept their doors open, there is a significant need for assistance to fund business continuity.

Deadline to apply is 5/12/2023
Women-owned businesses and female entrepreneurs can receive a $10,000 grant each month or the $25,000 grant annually towards their business idea.
Black women or nonbinary entrepreneurs have the opportunity to be awarded grants of up to $10,000.
Government-Funded Growth Grant Programs
New York State has launched a Pre-Seed and Seed Matching Fund Program which will offer early-stage start-up companies in high-growth industries $50,000 to $250,000 in growth assistance, which they will match with funds from private sector co-investors. 
The Global NY State Trade Expansion Program (STEP) offers reimbursable grants of up to $5,000 to qualifying small and medium-sized business engaging in exporting for expenses related to participation in trade missions, trade shows exhibitions, export training, website translation, and development of international marketing campaigns.
The Global NY Grant Program offers reimbursable grants of up to $25,000 to help companies customize for export markets, participate in trade shows, and undertake product adaptation to meet foreign regulatory requirements.
SBIR/STTR programs support scientific excellence and technological innovation through the investment of Federal research funds in critical American priorities to build a strong national economy.
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