The county’s Black economic development agency is accepting applications until August 14.
Black-owned businesses contend with historic and unique challenges that create barriers to survival. According to a CNBC analysis, eight out of 10 Black-owned businesses fail within the first 18 months. This reality inspired Miami-Dade Economic Advocacy Trust (MDEAT) to launch its MDEAT Business Resource and Educational Grant Program to give start-up entrepreneurs a $2,500 capital infusion and access to technical assistance and resources.
The agency is disseminating grants to 24 successful owners of registered for-profit or not-for-profit enterprises operating in Miami-Dade County. The program defines a start-up business as a legal entity operating for at least six months and no more than two years.
“Historic and unique challenges demand historic and unique solutions,” said Bill Diggs, MDEAT Executive Director, in a press release. “MDEAT’s Business Resource and Educational Grant Program created this program to give entrepreneurs cash at a critical time in their development and the needed technical assistance to help them build sustainable enterprises.”
The program is accepting applications now until Monday, August 14 at 5 p.m. Applications can be submitted electronically and in person at MDEAT’s main offices at 601 NW 1st Court, Suite 2132, near downtown Miami. Program qualifications and applications are available at www.miamidade.gov/EconomicAdvocacyTrust.
This is a Hy-Lo News Staff Report.
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