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WASHINGTON — The U.S. Department of Commerce recently launched a $93.5 million Capital Readiness Program grants competition to help minority and other underserved entrepreneurs start and scale their businesses. did.
Administered by the Minority Business Development Authority, the program is the largest of its kind in the history of the Department of Commerce.
The program funds incubators and accelerators across the country to develop healthcare, climate-resilient technologies, asset management and infrastructure.
Women-owned businesses of color are one of the fastest growing sectors of the economy. Yet structural barriers persist, preventing many women from starting their own businesses, accessing capital, parenting solutions and peer networks. The Capital Readiness Program provides underrepresented entrepreneurs with the curriculum, tools, and resources to access capital and funding, connect them with subject matter experts, vendors, and peer support to start or grow their business. to support
Beginning in January, MBDA will host a series of pre-submission informational webinars. The webinar will help potential applicants better understand the application requirements set out in the Capital Reserve Program and Notice of Funding Opportunity.
Webinars are scheduled for Tuesday, January 10, 17, and 24 at 2:00 PM.
For more information on the program and to register for the webinar before applying, please visit mbda.gov.
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