The National Coalition of 100 Black Women Inc. (NCBW), Metropolitan Washington DC Chapter

GROW.

BUILD.

SUSTAIN.



 
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Black Women-Owned Business Economic Empowerment Grant Program Overview and Application

In 1981, the National Coalition of 100 Black Women (NCBW) was formed with a mission to advocate on behalf of Black women and girls to promote leadership development and gender equity in the areas of health, education and economic empowerment. During its 34-year history, NCBW has chartered over 75 chapters with a cumulative membership of more than 7,500 women, representing 28 states. We strive to create a world where socioeconomic inequality does not exist for Black women and girls. To achieve our goals, we focus on the health, education, and economic empowerment of Black women and girls through civic engagement and building strategic alliances.

In accordance with our national priority of economic empowerment NCBW of the Metropolitan Washington, DC area launched its minority women owned business MICROGRANT program. African American women are the fastest growing population of new business owners however they are least likely to receive capital resources to develop their individual entrepreneurial skills and business ventures. We believe that the best way to positively impact economic growth is to provide resources directly to the community with the NCBWDC ECONOMIC EMPOWERMENT Grant program, designed to:

 

The challenge for most African-American women isn’t the entrepreneurial spirit, it’s having sufficient access to funding and venture capital. According to CAP, a Washington DC-based think tank

For questions about this grant, please reach out to microgrant@ncbwdc.org.


Grow

minority women entrepreneurship.


Fund

access to financial capital resources to grow and sustain women owned business.


Support

visibility and exposure throughout the metropolitan DC community.


How does the NCBWDC ECONOMIC EMPOWERMENT Grant program work? 


Small business is essential to our community’s economic growth. The ECONOMIC EMPOWERMENT Grant program was developed to help black woman and girl entrepreneurs in Washington, DC by providing an investment intended to support activities that promote development, growth, and sustainability of businesses.

 

GET THE FUNDS YOU NEED TO HELP YOUR BUSINESS SUCCEED 


Qualifying small businesses can access a grant of up to $2,000 through the program. NCBWDC will award grants to for-profits with an emphasis on businesses that serve the Ward 7 and 8 communities.

 

APPLICATION, ANNOUNCEMENTS & TIMELINE


 

 
 

Timeline

  • Application Launch | March 29, 2019

  • Webinar | Wednesday, May 1, 2019 at 8pm

  • Grant Application Due | May 6, 2019

  • Executive Meeting Presentation | May 13. 2019

  • General Membership Vote | May 19, 2019

  • Winner(s) Notification | May 28, 2019

** All dates are subject to change.
 Please continue to check this site for updates.

 

Important Links

  • The MicroGrant Application submissions are accepted electronically using the following link:

    ONLINE APPLICATION

  • Registration for the Economic Empowerment Grant Overview Webinar will be available using the following link:

    WEBINAR

 

 

MORE THAN A GRANT

Awarded black women-owned businesses will also receive continued support through vital business development resources to help them optimize and grow their business. These resources are centered around five key areas of focus: Strategy, Marketing, Operations, Sales, and Finance. Awardees receive essential tools and training necessary to Raise Capital, Increase Profits and Establish a Financial Legacy. Additionally, applicants will be highlighted through the NCBWDC network for greater opportunities and public exposure.

 

Eligibility

To qualify for a grant through the NCBWDC ECONOMIC EMPOWERMENT Grant program, your business must meet the following basic eligibility guidelines:

  • Black women-owned for-profit business 


  • Sales revenue under $500,000 annually 


  • Business must be legally established and operational for at least one year 


  • Must be lien and judgment free 


  • Business must be current on taxes 


  • Current business certificate in good standing and/or business license 


  • Proof of ownership of the designated business 


  • Business must be in District of Columbia, preference for those businesses located and serving Ward 7 and 8

Programs Rules and Requirements

  • The program is subject to funding availability 


  • The application must be submitted in the legal name of the applicant 


  • Submission of an application shall constitute acknowledgement and acceptance of all terms and conditions contained in these guidelines and the application (acceptance of an application does constitute a contract and does not obligate the awarding of funds) 


  • Payment will be made directly to the business 


  • Business development services may be required

What terms apply to the program? 


Funds awarded through the program are offered as a working capital equity grant. Grant amounts range up to $2,000.


 

PROGRAM RULES AND REQUIREMENTS 


  • The program is subject to funding availability 


  • The application must be submitted in the legal name of the applicant 


  • Submission of an application shall constitute acknowledgement and acceptance of all terms and conditions contained in these guidelines and the application (acceptance of an application does constitute a contract and does not obligate the awarding of funds) 


  • Payment will be made directly to the business 


  • Business development services may be required

PERMITTED USE OF FUNDS 


Funds can be used for capacity building activities such as, but not limited to: purchase of equipment and materials, building digital market tools, staffing support and development, etc.

PROHIBITED USE OF FUNDS 


Expenditures not allowed under this program include rental, tax or other penalty payments. 


What is the selection criterion?

All proposals will be evaluated based on the following criteria:

  • Review of identifiable business need 


  • Detailed use of the proceeds of the grant 


  • The potential of the grant to satisfy the identified business need 


  • The potential impact of the grant on overall business growth and success


 

What is the process for applying and receiving the grant?


STEP 1: APPLICATION SCREENING


The NCBWDC grants team will review all submitted applications to ensure they have met the minimal eligibility criteria. Those that do not meet the minimum eligibility criteria will not be moved forward in the review process. All other applications will move forward to Step 2.


STEP 2: APPLICATION SCORING


The panel is charged with reviewing eligible proposals, providing extensive feedback on each application, and assigning a numerical score. Individually, each grant reviewer considers the application in relation to business goals, review criteria, and in comparison, to other applications. The reviewers are instructed to evaluate each application holistically considering all narrative information and attachments/supporting materials. Grant reviewers will make recommendations for finalist to an interview.


STEP 3: INTERVIEW

NCBW-MDC members will host Live Business Pitch process with the TOP finalist. The event will be open to the public to attend and provide an audience score.


NCBWDC Economic Empowerment Grant Program Application Checklist

The following is a checklist to assist you in assembling your complete application. Your business plan should include the following (maximum five pages):

  • Completed grant application 


  • Company’s business plan (Powerpoint presentation) which should include business mission/vision statement, description of product/service and what differentiates your business in the marketplace, and description of team 


  • Company’s certification of incorporation or vendor’s license 


  • Signed disclosures 


  • Signed verification of information

Ready to apply for the NCBWDC Economic EMpowerment Grant?
Click the link below to get started.