by Jeffrey McKinney
April 6, 2024
American Express and Main Street America are providing funding that can be used for a variety of purposes, including accessibility upgrades, community events, marketing and operational strategies.
A huge grant of $5.75 million is available for small businesses to help boost economic vitality.
The funding is part of the Backing Small Businesses grant program provided by American Express and Main Street America. The program aims to support economically vulnerable and under-resourced small and medium-sized businesses through community support. That includes black-owned businesses. According to this report, the number of grants and total funding has increased this year.
Now in its third year, the program will allow 500 small businesses to apply for $10,000 grants each until April 7, 2024 at 11:59 p.m. CT. Please follow the link to learn more about the program and qualifications.
In addition, applications will be made available once 500 beneficiaries submit their final reports in September 2024. of $30,000 in enhancement grants. The Enhancement Grant project does not have to be tied to his initial $10,000 grant project. He is one of only 25 companies selected to receive enhancement grants.
Of the $10,000 grant, only 25 individuals will be eligible for the Enhancement Grant.
Funds should be used to leverage current business operations and/or pay for community programs and events.
Employers can take advantage of grants in a variety of ways. For example, grants can be used for accessibility upgrades, community events, inventory, marketing, operational strategies, and more. Click here for a list of eligible grants. Lack of or expiration of capital is one of the main operational obstacles for both budding and mature small business owners. Grants can benefit businesses in different ways depending on their financial needs.
American Express and Main Street America are launching the Small Business Owner Assistance Grant Program to help small business owners recover and grow from the COVID-19 pandemic, according to a news release. was founded. In the first year, approximately $1.65 million in grants were awarded to 330 small business owners in the United States, and in the second year, he awarded more than $2.3 million in grants to 350 businesses.
relevant content: Provides grants of up to $50,000 to Black-owned and small businesses affected by the East Buffalo shooting.
