In an effort to increase the number of locally owned businesses by women of color in Muskegon, a non-profit is offering grants to qualified applicants.
“The goal of this fund is to develop and support entrepreneurs and expand the capacity of small business owners that operate in Muskegon County,” said Ana Jose, Director of Business Development for Michigan Women Forward.
According to a press release, in partnership with local donors, the Detroit-based-non-profit this month announced its accepting applications from female business owners in Muskegon County, particularly by women of color.
With so many businesses having taken a hit during the pandemic, the grants will offer up to $5000 to help business owners with rent, equipment, marketing, and supplies.
Jose says, business owners who are women of color have the most difficulty in raising capital from lenders.
“One of the reasons why it is so hard for them to move forward and succeed is--there is not a lot of organizations out there willing to provide them the funds they need to have working capital,” Jose said.
Grant applications are being accepted from now until the end of June, and that application forms and details can be found at miwf.org. The grants are open to businesswomen residing in Muskegon County who are low to moderate income and have been in business for one to three years.
