{"id":15992,"date":"2023-07-30T14:53:00","date_gmt":"2023-07-30T14:53:00","guid":{"rendered":"https:\/\/businessyield.com\/?p=15992"},"modified":"2023-09-02T16:23:05","modified_gmt":"2023-09-02T16:23:05","slug":"nyc-small-business-grants","status":"publish","type":"post","link":"https:\/\/businessyield.com\/grant-opportunities\/nyc-small-business-grants\/","title":{"rendered":"NYC SMALL BUSINESS GRANTS: 15 Most Choicest Options Available","gt_translate_keys":[{"key":"rendered","format":"text"}]},"content":{"rendered":"
With our posts on Grants<\/a>, Government grants<\/a>, and grant writin<\/a>g already in place, this post will go through NYC small business grant listings for minorities and individuals alike in New York City. Meanwhile, embedded in this list of NYC small business grant opportunities are guides to ensure every aspect of your grant application goes smoothly.<\/p>\n With that off our backs, let\u2019s set the ball rolling\u2026<\/p>\n P.S:<\/strong><\/span> Grants on this post should be treated with utmost urgency as quite a number of them are already ongoing.<\/p>\n When it comes to launching or expanding new businesses in NYC, minorities face unique challenges, including securing inexpensive small-business loans and grants. For the most part, grants and financial support from companies and the government bridge this gap.<\/p>\n So, for minority-owned businesses, below are some of the best small-business grants in NYC and other valuable funding tools.<\/p>\n LISC NYC is popularly known as the New York City division of the Local Initiatives Support Corporation<\/strong>. Basically, LISC NYC works with local agencies to fund minority-based initiatives and ideas that seek to make New York City more equitable, multicultural, and sustainable. But regardless, LISC is also accessible by every NYC small business.<\/p>\n According to records from their official website, LISC NYC has spent over $2.7 billion in low-income areas and leveraged a further $6.5 billion over the last 41 years. Furthermore, its investment policy comes from the conviction that the time has come for New York City to forge a vision that closes the racial wealth gap. This includes maintaining affordable housing and providing paths to sustainable economic opportunities for all New Yorkers to achieve their goal.<\/p>\n Applications for this NYC small grant are currently ongoing. However, for this session of funding, LISC will focus on small businesses that have experienced direct blow-backs as a result of the Covid-19 pandemic. In other words, eligibility hangs on the gravity of the impact on your business. But, that has nothing to do with the amount of grant money which is constant.<\/p>\n Other eligibility factors include the following;<\/p>\n There is no specified date yet for the close of applications. In the meantime, you can visit their official website for more information<\/a> about other small business grants in NYC you can benefit from as minorities.<\/p>\n This agency helps minority-owned small and medium-sized businesses expand by linking them to funding opportunities, government contracts, and market openings. MBDA of the United States Department of Commerce ranks as one of the top federal agencies devoted exclusively to the advancement and economic prosperity of minority-owned small businesses in NYC and across the US.<\/p>\n Consequently, the agency\u2019s schemes, facilities, and policies only favor MBEs (Minority Business Enterprises). They basically focus on their current growth while also training them to fulfill future business demands.<\/p>\n MBDA 2021 Grant Competitions are currently ongoing with a couple of other funding opportunities that are accessible through their Official Website<\/a>.<\/p>\n Not Specified.<\/p>\n The council is a private partner group committed to improving economic prospects for minority-owned businesses by providing grants in NYC and across the country. It also runs as a nonprofit business creation program that provides its partners with finance and business consulting services.<\/p>\n This is accomplished by connecting over 12,000 accredited minority-owned companies with our large network of corporate members interested in purchasing their goods, services, and solutions. Furthermore, many of the world\u2019s leading public and privately held businesses, as well as pharmaceutical firms, colleges, and universities, are members of this council. The NMSDC network consists of the following entities:<\/p>\n Programs roll all year-round to ensure that their every goal is achieved as it relates to minority small businesses across the country. However, there are tons of demands you will have to meet before the privileges start coming in. A trip to NMSDC\u2019s Official website should help you get more perspective.<\/p>\n Like you may have guessed, deadlines do not exist for this funding opportunity.<\/p>\n The Operation Hope Program is an initiative that targets young entrepreneurs in low-income regions, which frequently include minority groups. Consequently, entrepreneurship training programs often come in two batches. They include the 8-week program and that of 12 weeks.<\/p>\n The 8-week Entrepreneurship Training Program is a comprehensive curriculum that incorporates entrepreneurial training, personal development, access to professional resources, and financial advice. This is to equip budding entrepreneurs with the knowledge and expertise they need to effectively negotiate the road to small business ownership.<\/p>\n On the other hand, the 12-week Entrepreneurship Training Program is a practical curriculum.<\/p>\n For a detailed run-down of the pieces of the information, you would need to become a beneficiary, visit their official website<\/a>. But note that there are really no specifics as to when these programs start or end. However, there is something you can do immediately to get first-hand information on these programs.<\/p>\n Subscribe on the platform to receive newsletters directly to your mailbox. All that is required is your full name and a valid email.<\/p>\n Not Specified.<\/p>\n The USDA grant focuses on the growth or expansion of small businesses in rural areas, regardless of whether they are minority-owned. However, eligibility requirements start with having at most 50 or fewer workers, and less than US$1 million in sales. But most importantly, the small business must be resident in a rural area.<\/p>\n Grants usually vary from $10,000 to $500,000 and may go into putting a variety of things in place, such as pieces of training and technical support, property acquisition and construction, and long-term business planning. Once a year, applications are approved through the USDA\u2019s Rural Development state offices. This is also accessible through the USDA Official Website<\/a>.<\/p>\n Eligibility Requirements for applications are often based on a number of factors listed on their platform<\/a>. Furthermore, there is an NYC Small business grant application guide to help you stay on course.<\/p>\n Dates for the close of application vary with respect to the state in question. In other words, every state has a different deadline. However, applications aren\u2019t in session at the moment but you can subscribe for updates with a valid email address.<\/p>\n The New York State COVID-19 Pandemic Small Business Recovery Grant Program was established to provide flexible grant assistance to currently viable small businesses, micro-businesses, and for-profit independent arts and cultural organizations in New York that have experienced economic hardship as a result of the COVID-19 pandemic.<\/p>\n Grants will be computed based on a company\u2019s annual gross receipts in 2019. Empire State Development has the right to adjust grant amounts and calculations at any time.<\/p>\n However, for eligibility requirements, you can visit their official website<\/a>.<\/p>\nSmall Business Grants for Minorities NYC<\/span><\/h2>\n
#1. LISC NYC Grant<\/span><\/h3>\n
Applications<\/span><\/h4>\n
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Deadline <\/span><\/h4>\n
#2. Minority Business Development Agency<\/span><\/h3>\n
Applications <\/span><\/h4>\n
Deadline <\/span><\/h4>\n
#3. National Minority Supplier Development Council<\/span><\/h3>\n
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Applications<\/span><\/h4>\n
Deadline<\/span><\/h4>\n
Read Also: List Of Top Agriculture Grants in 2022 (Updated!!!)<\/a><\/h5>\n
#4. Operation Hope Small-Business Empowerment Program<\/span><\/h3>\n
\nThe Leadership Initiative at HOPE literally puts a heavy emphasis on small business growth. Furthermore, it helps participants learn entrepreneurship fundamentals, develop and manage a solid small business strategy, and gain access to financing and support to expand their business. For the most part, this is achieved through small-business seminars, a more rigorous entrepreneurship training curriculum, and disbursing of small business grants to minorities in NYC and other parts of the country.<\/p>\nApplications<\/span><\/h4>\n
Deadline <\/span><\/h4>\n
#5. The USDA Rural Business Enterprise Grant Program<\/span><\/h3>\n
Applications<\/span><\/h4>\n
Deadline <\/span><\/h4>\n
#6. New York State COVID-19 Pandemic Small Business Recovery Grant Program<\/a><\/h3>\n
Grant Amounts<\/h4>\n
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NYC Small Business Grant Listings <\/span><\/h2>\n