The Power of Forward Small Business Grant: Empowering entrepreneurs

In an effort to foster economic growth and empower black entrepreneurs, the Power Forward Small Business Grant program has emerged as a beacon of hope for small businesses across New England.

The Power of Forward Small Business Grant
In an effort to foster economic growth and empower black entrepreneurs, the Power Forward Small Business Grant program has emerged as a beacon of hope for small businesses across New England.

Forward Small Business Grant

This collaborative initiative, spearheaded by the Boston Celtics Shamrock Foundation, Vistaprint, and the NAACP, aims to provide financial support and resources to black-owned businesses. Thus enabling them to thrive and make a lasting impact in their communities.

The Grant Details

Ensures that prospective applicants have a clear understanding of what is expected, thus facilitating their ability to navigate the application process effectively.

1. Granter

The grant is made possible through the joint efforts of three influential organizations:

  • Boston Celtics United: A well-known NBA team with a strong commitment to community development.
  • Vistaprint is a leading provider of marketing materials and design services for small businesses.
  • NAACP: The National Association for the Advancement of Colored People is a civil rights organization advocating for equality and justice.

2. Grant Amount

Each selected business receives a grant of $25,000. Consequently, this financial boost can make a significant difference for small enterprises striving to overcome challenges and expand their operations.

3. Purpose

The primary purpose of the Power Forward Small Business Grant is to empower black-owned businesses. Moreover, by providing financial assistance, the program aims to:

  • Foster growth and sustainability.
  • Enhance community impact.
  • Create opportunities for long-term success.

4. Eligibility Criteria

To be considered for the grant, businesses must meet specific criteria:

  • Black-Owned: Applicants must be black-owned small businesses.
  • Employee Count: Businesses with 1 to 25 employees are eligible.
  • Geographic Focus: The program targets businesses based and operating in the following New England states:
    • Massachusetts
    • Maine
    • New Hampshire
    • Rhode Island
    • Vermont
    • Select areas of Connecticut

5. Application Process

Unlike traditional grant cycles, the Power Forward Small Business Grant accepts applications on a rolling basis. There is no fixed deadline, allowing businesses to apply when they are ready.

6. Additional Benefits

Beyond the financial grant, recipients gain access to other valuable resources:

  • National Exposure: Selected businesses have the opportunity to be featured on national co-branded platforms, increasing their visibility.
  • Customized Marketing and Design: Vistaprint provides tailored marketing and design resources to help businesses enhance their branding and reach.

Making an Impact

The Power Forward Small Business Grant represents a combined commitment of $1 million from the collaborating organizations.

Furthermore, through supporting black entrepreneurs, fostering economic resilience, and celebrating community-driven initiatives, this program exemplifies the power of collaboration and purpose.

Additionally, it underscores the importance of collective effort in achieving meaningful impact and advancing shared goals.

As black-owned businesses continue to face unique challenges, the grant serves as a beacon of hope—a reminder that economic empowerment is within reach. Whether it’s investing in technology, expanding product lines, or hiring additional staff, the grant allows businesses to take meaningful steps toward their goals.

In the spirit of unity and progress, the Power Forward Small Business Grant stands as a testament to the resilience and creativity of black entrepreneurs. As the grant continues to impact lives and communities, it reinforces the idea that when organizations come together with a shared vision, they can create lasting change—one business at a time.

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