Women-owned businesses, including those led by women of color, employ 10 million workers and generate $3.9 trillion in revenue across the U.S.. Yet, we face a number of challenges in accessing capital.
Since 2017 the Yva Jourdan Foundation, the non-profit arm of HerSuiteSpot, has been raising funds to help under-resourced women, including women of color entrepreneurs, access the non-equity capital they need to elevate their businesses to the next level.
Small business grants are useful for financing a particular small business need. Past recipients used their growth grants for computers, equipment, marketing materials, software purchase, website creation and more.
What’s the process?
Every month our committee selects a winner from submitted applications. Apply by 11:59pm on the last day of the month to be eligible for that month. Winners will be revealed at the next month’s HerSuiteSpot First Friday Mixer. You do not have to be present to be selected.
Who should apply?
The HerRise MicroGrant, providing $1,000 each month, is available to under-resourced women, including women of color entrepreneurs, across a variety of industries. Your business must be:
- 51% owned by women
- Currently registered in the US
- Less than $1 million in gross revenue