Power Forward Small Business grant program is an initiative to support black people who own small businesses. If you have a small business or anyone of your known is running it then read this article until the end because this grant may help you to boost your business to the next level.
This initiative is launched to support the growth and success of Black-owned small businesses. The program is launched by Vistaprint and the Boston Celtics Shamrock Foundation, in collaboration with the NAACP. The program will provide financial assistance of $1 million to entrepreneurs.
What is the Power Forward Small Business Grant?
The Power Forward Small Business (PFSB) Grant program is a special effort to support small businesses owned by Black individuals in New England. Vistaprint, the Boston Celtics Shamrock Foundation, and the NAACP have joined forces to provide grants of $25,000 each. They have dedicated a total of $1 million for these grants. Businesses can apply for these grants at any time, and the organizations will review applications continuously.
If a business is selected to receive a grant, it won’t just receive financial assistance. It will also get the opportunity to be featured on national platforms that are co-branded by these organizations. Additionally, the selected businesses will receive personalized marketing and design resources tailored to their specific needs.
This support is intended to help these businesses not only survive but also grow and prosper. The overall aim is to empower and uplift Black-owned small businesses in the region.
Who is Eligible?
To be eligible for the grant, businesses must meet certain qualifications.
- They should be small businesses owned by Black individuals and have between 1 to 25 employees.
- The business must be located and actively operating in Massachusetts, Maine, New Hampshire, Rhode Island, Vermont, or specific areas of Connecticut.
- Applicants need to demonstrate how their small business positively affects their community and outline their plans for using the $25,000 grant.
The good news is that there is no specific deadline for applying. The program is always open to receiving applications, meaning interested businesses can submit their applications at any time. This provides flexibility for businesses to apply when it best suits their needs and circumstances.
How to Apply?
The persons who are interested in applying for the Power Forward Small Business Grant can easily do it online.
- The first step is to visit the official website.
- Next is to fill out the application form that requires essential information such as the company name, contact details (name, address, phone number), and a description of the business.
- The process is straightforward, allowing businesses to submit their applications for consideration quickly.
Impact on Community
One of the essential aspects of the grant program is its emphasis on the impact businesses have on their communities. Applicants are encouraged to showcase how their small businesses contribute positively to the greater community. This focus aligns with the broader goal of creating a lasting and positive influence on local economies.
The PFSB Grant Program represents a vital step toward economic empowerment and growth for Black-owned small businesses. By providing financial support, access to capital, and national exposure, this initiative aims to create opportunities for entrepreneurs to thrive.
The commitment of Vistaprint, the Boston Celtics Shamrock Foundation, and the NAACP demonstrates a collective effort to foster inclusivity and support the success of Black entrepreneurs in the specified regions. For those eligible, the application process is open and ongoing, reflecting the program’s commitment to providing continuous support for small businesses.