February 8, 2025
New Grants Support Tribal Businesses, Disadvantaged Entrepreneurs in Diverse Communities

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Small business grants don’t just support entrepreneurs; They can provide major economic benefits to entire communities. This week, one state unveiled a series of grants aimed at supporting tribal businesses and communities as they work to grow their enterprises and build thriving economies. Read below about these grants and more.

Montana Tribal Business Development Grant

The Montana Department of Commerce recently announced four new grant programs to support tribal business development throughout the state. Funded through the Office of Commerce of Indian Country Economic Development, the programs are open to small business owners who are enrolled members of Montana’s tribal nations. Here is a summary of the programs:

  • The Equity Fund of India Small Business Grant aims at expanding the scope of small scale enterprises. There is currently $320,000 available for grants. The application period runs from 1 September to 31 October.
  • Native American Business Mentoring helps aspiring Indigenous entrepreneurs access expert guidance, mentorship and resources to launch their ventures. $160,000 is available for grants. At the same time, the application period runs from 1 September to 16 October.
  • Tribal Business Development Grants provide funding for shovel-ready projects that will help tribal-owned businesses expand, diversify or better serve their communities. $240,000 is available in the program. At the same time, the application period runs from 15 September to 25 October.
  • Tribal Tourism Grants support tribal initiatives that enhance tourism offerings and showcase indigenous traditions. The program includes $120,000 in funding. And the application period runs from October 1 to November 30, 2023.

Benton County Small Business Grant

The Corvallis-Benton Economic Development Office in Oregon is partnering with Central Willamette Credit Union to offer a second round of small business grants for local businesses. There is currently approximately $70,000 left to be distributed to businesses that were negatively affected by the COVID-19 pandemic. Each grant can provide up to $10,000. To qualify, businesses must be for-profit, located within Benton County and must have been in business at least one year. Interested businesses may fill out a pre-screening questionnaire to go over other eligibility requirements. The last date to apply is 13 September.

Warren County Small Business Grant Competition

Warren County, Iowa is now accepting applications for its annual Warren County Small Business Grant Contest. The program provides grants for both existing small businesses and start-ups. Existing businesses can apply for $6,000, $3,000 for second place, $1,500 for third place, start-up grant awards, $5,000 for first place, $2,500 for second place, $1,500 for third place. 31 August

North Omaha Turnback Tax Grant

North Omaha, Nebraska is launching a new round of its Turnback Tax grant program. Businesses and nonprofits can use the money for a variety of purposes that enhance the local community, from special events to initiatives aimed at reducing violence. Community leaders answer questions about who is eligible to apply. There is currently approximately $198,000 available in the program, with the application deadline being September 25th.

Northwest Iowa Big Challenge Grant Competition

The Big Challenge grant competition to support businesses in Northwest Iowa is starting. Interested business owners or aspiring entrepreneurs in Lyon, Monona, O’Brien, Osceola, Plymouth, Sioux and Woodbury counties can share their business dreams or startup ideas online through October 1. There will then be a public voting period to determine the winners, which will take place from October 4-13.

Philadelphia NALCAB Grant

Latino-owned small businesses in Philadelphia could benefit from a new $1.2 million grant. The Truist Foundation recently awarded these funds to the National Association for Latino Community Asset Builders. NALCAB supports approximately 200 nonprofits across the country providing funding support, access to resources and professional development. The $1.2 million grant will not be given directly to small businesses. But NALCAB and its partner organizations will use the money to help connect small businesses to government funding sources.

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More: Small Business Grants

Source: smallbiztrends.com

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