Local Initiatives Support Corporation (LISC) is an organization that is committed to supporting small businesses to grow and achieve their potential. The Local Initiatives Support Corporation is committing $122 million to support Black-owned businesses in 2023. If you are starting a Black-owned business even from the comfort of your home, this grant can help you grow your business.
One of the challenges that Black-owned businesses face when it comes to starting their own businesses in 2023 is funding. According to Forbes, there has been an increase in the stark disparity that Black-owned business owners experience when trying to access financing for their businesses. The Local Initiatives Support Corporation business funding initiative is committed to changing that.
Although Black-owned businesses have grown in leaps and bounds since the pandemic, the funding disparity between minority businesses owners and their counterparts still exists. If you own your business and have tried to apply for funding in the past, you may be able to relate to some of the challenges that minority business owners face when they apply for financing for their businesses.
In spite of the funding challenges faced by minority business owners, this has not stopped Black businesses owners to explore other options when it comes to financing their businesses. Taking the first step to explore business grant options when it comes to starting a home-based business, construction, or care facility, food trucks, farming, and e-commerce companies to mention but a few.
$122 Million Local Initiatives Support Corporation
One way to access the $122 Million Local Initiatives Support Corporation is to ensure that you apply early for the grant. This will enable you to position yourself in the right so that you can have an opportunity of getting your business, business idea, and project funded successfully.
The first step to doing this is to ensure that you have a registered business. Depending on what type of business structure you choose to go with, registering as a Limited Liability Company, or having a business partnership can ultimately work in your favor when it comes to applying for funding. When you know you have all the necessary details to move on to the funding stage, the next step you want to take is to apply by clicking the link below.