Are there any real minority grants for business owners for expansion?
It is hard to find grants to start or expand a business — whether for a minority or not. Unlike the myths that some perpetuate, federal government and even private foundations hardly give grant money for a for-profit business. Nonetheless, you can go to the Catalog of Federal Domestic Assistance (CFDA) http://www.cfda.gov and Grants.gov http://www.grants.gov – these are two sites created by the federal government to provide transparency and information on grants. Browse through the listings and see if you can find any minority grants that would support a for-profit venture. Even if you buy books on “how to get grants” or list that supposedly has information on grants — all of them are mere rehash of what CFDA has, albeit packaged differently. But still the info is the same – hardly any grants for starting a for profit business. Even SBA does NOT give out grants. From the SBA website http://www.sba.gov/expanding/grants.html “The U.S. Small Business Administration does not offer grants t
