The number of Black-owned businesses is growing. Here’s where Miami’s Black entrepreneurs can get funding, training, and support.
Black entrepreneurs are making history, with the number of Black-owned businesses up 30 percent since the pandemic, a new study finds. To help, we’ve compiled a list of 17 resources available right now for Black-owned small businesses in Miami-Dade to help them grow and succeed.
Here are the grants, loans and training opportunities:
Training and Advice
- Free business advice and training with the Miami-Dade Chamber of Commerce
- Training program for women of color business owners in Miami
- Support and guidance for Black-owned businesses that sell on Amazon
- Business coaching and training program for black business owners
Grants
- $10,000 start-up grants for Black female founders and entrepreneurs
- $10,00 grant for Black female founders in their first five years of business (deadline Feb. 25th)
- $5,000 grant + business coaching for Miami-based African-American and Hispanic entrepreneurs
- Grants up to $2,000 for Black-owned, brick and mortar stores
- $2,500 grants for women of color-owned small businesses
- $500 micro-grant to grow or start a minority, women-owned small businesses
- $500 grant and mentorship for a new idea or to grow a business
- $5,000 grants and coaching for Women of Color Small Business Owners (deadline Mar. 4th)
Loans
If you’re considering a loan to maintain operations, grow your business or pay off credit card debt, Axis Helps has created an easy-to-use guide that can help you decide whether to pursue a loan from a credit union, a Community Development Financial Institution (CDFI), a traditional bank or another type of lender. Check out our Guide to Miami Business Funding online.
Here are two options that lend locally and offer loan programs specifically for Black-owned businesses:
And these Community Development Financial Institutions, or CDFIs, lend to minority-owned businesses:
Best of luck!
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