Minority Business Enterprise Grant Program

The Minority Business Enterprise Grant Program offers financial support to Black- and Latinx-owned businesses located in Winston-Salem and Forsyth County, North Carolina. The program aims to promote business success, job retention, and job creation within these communities by providing grants up to $25,000. These funds can be used for a variety of business needs including special projects, general operating expenses such as salaries and wages, lease or rent payments, working capital, and capital expenditures. To be eligible for this grant, your business must be Black- or Latinx-owned and located within Forsyth County. Your business should have been in operation since at least January 1, 2024. Additionally, the business must be for-profit with gross annual sales not exceeding $1 million. The number of full-time employees should be between one and twenty-five. This grant is designed to help small businesses maintain stability and grow by providing necessary funding that can cover both day-to-day expenses and strategic investments. If your business meets the eligibility criteria, this opportunity could provide essential resources to support your operations and expansion efforts. Applications are due by September 30, 2024. Interested applicants should prepare documentation verifying ownership status, location, operational history, sales figures, and employee count as part of the application process. For more detailed information about the application process or specific questions regarding eligibility or allowable expenses, you can visit the Greater Winston-Salem Inc. Foundation website. This resource will provide guidance on how to apply and what materials are required. By applying for this grant program, you may gain access to funding that supports your business’s growth while contributing to economic development in Forsyth County’s Black- and Latinx-owned business community.