Minority Grants

Minority-owned businesses grew more than four times as fast as U.S firms overall since 1992. They have increased from 2.1 million to over 2.8 million firms, according to a report recently released by the Commerce Department’s Census Bureau. While Affirmative Action has had its issues over the past few years, it is still alive. Though many of the catch phrases are no longer in vogue, most of the money that was available to minorities is still available.

It is no secret that most of our politicians, primarily Senators and Congressmen, hold their positions of power by taking care of their constituents. One of the largest voting blocks is minorities so it should be of no surprise that grants for minorities are a high priority for politicians.

The politics of Grant Giving is driven by the promises that are made by politicians during their campaigns attempting to attract the votes of various minority groups.

There are millions of dollars available for African Americans, Hispanics, Asians, American Indians and practically any other group that is considered a minority.

While there are rules that govern the giving of grants, the following highlights the general amounts and categories that are available:

• Over a Billion Dollars of Minority grants available if you are planning on starting a business
• If you are expanding an existing business, you might qualify for some of the Millions of Dollars in available grants
• It is good business practice to acquire legal advice when starting up a business – you may be eligible for up to $8,000 in Legal Advice
• There is a possibility that you may qualify for funds to assist in the purchase of your FIRST home
• Up to $6,000 in Scholarship Grants for College Tuition

Special Interest Groups have a unique niche also and fall into the Grant Giving category. There are quite a number of Government Cash Grants available if you quality and fall into the following groups:

• War Veterans or family members of veterans
• Low income families
• Community block grants
• Non Profit Organizations
• Artists
• Musicians
• Nurses
• Teachers
• Researchers
• The physically disabled
• HIV and AIDS sufferers
• Substance abuse

The difficulty is determining if you qualify and what you qualify for. There is a process that needs to be complied with to determine if you can qualify for a Grant.

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