Government Grants And Assistance For Minories
The following groups are considered to be minorities in the United States:
- African Americans
- Native Americans
- Hispanic / Spanish-speaking Americans
- Asian Pacific Americans
- Asian Indians
- Disadvantaged Groups (those with physical or mental disabilities)
- Hasidic Jews
The United States Department of Commerce operates the Minority Business Development Agency. This is your key starting point for researching the available government grants for minorities who want to start a business. While they do not provide direct grants, they do offer free information, resources and assistance for minority business development. According to the Web site,
“There is a specific test for social and/or economic disadvantage. One is assumed to be disadvantaged by virtue of his/her cultural or racial make-up. Further, under 15 U.S.C. 1512, Section 1400 and our Executive Order 11625, to be eligible for MBDA assistance, a concern must be BOTH a minority business enterprise, which is a business enterprise that is owned or controlled by one or more socially or economically disadvantaged persons AND a member of one of the following eligibility groups: Blacks, Puerto-Ricans, Spanish-speaking Americans, American Indians, Eskimos and Aleuts, Hasidic Jews, Asian Pacific Americans, and Asian Indians. In general, the Minority Business Development Agency (MBDA), U.S. Department of Commerce, provides direct business development services to minority businesses through a network of Native American Business Development Centers (NABDCs), located in key states, and Minority Business Development Centers (MBDCs) located in most major cities throughout the County. Neither MBDA nor the NABDCs/MBDCs provide direct loans or grants to qualified minorities or minority businesses."
Finally, there are many state government and foundation grants that may be available for women and Caucasian entrepreneurs, although neither women nor Caucasians are considered to be a “minority" and thus do not qualify for minority-based loans / grants.