5. Grants for Minorities for Small Businesses
The government alone offers minorities more than $1 billion to fund projects and businesses. What’s more, some institutions will offer these minority-owned businesses a leg up by providing them with training workshops, consultancy services, and overall guidance.
While a grant is basically free money that doesn’t need to be paid back, the fact remains that there isn’t enough money for everyone. This is why grants are usually dedicated towards a specific purpose.