Nonprofit wins grant for low-income entrepreneurs
A local nonprofit has received a federal grant to help low-income rural entrepreneurs access resources.
Grand Rapids Opportunities for Women, or GROW, said it was selected to receive the $150,000 grant from the U.S. Small Business Administration’s Program for Investment in Micro-Entrepreneurs.
With the award, GROW plans to create a new online platform and training modules for low-income rural clients on the lakeshore and in Battle Creek who cannot access in-person services.
The funds were made available on Sept. 30, and the project period for the grant is one year.
The SBA placed special emphasis in this year’s competition on projects that will offer training and technical assistance to strengthen economically disadvantaged businesses, particularly those that service entrepreneurs in rural areas and HubZones.
This year’s awards also emphasized organizations participating in the SBA’s Community Advantage Program, which helps small businesses that have outgrown micro-lending access the next level of funding.
Including GROW, this year’s 32 recipients in 24 states and the District of Columbia will receive grants ranging from $75,000 to $250,000, totaling $5 million.