2024 Minority Business Enterprise (MBE) Grant - Phase one
This program provides $5,000 each to ten minority-owned businesses in Columbia, Missouri, to promote inclusivity and support underrepresented entrepreneurs.
The Minority Business Enterprise (MBE) Grant program is an annual event administered by Regional Economic Development Inc. (REDI) and funded by the City of Columbia. The program aims to promote inclusivity and elevate underrepresented businesses. Each year, $50,000 is awarded to ten minority-owned businesses in Columbia, Missouri, with each recipient receiving $5,000. Eligible applicants include businesses that are 51% or more owned by individuals who self-identify as African, African American, Asian-Pacific, Black, Hispanic, Latinx, Native American (including Native Alaskan or Hawaiian), or Subcontinent Asian. Additional eligibility criteria include having a Columbia business license, being legally registered with the State of Missouri, having 10 or fewer employees, and working with a business coach. Phase One of the application concerning eligibility will be accepted starting at 8:00am on July 8, 2024 and end at 5:00pm on July 19, 2024. Only eligible applications will proceed to Phase Two.
Award Range
$5,000 - $5,000
Total Program Funding
$50,000
Number of Awards
10
Matching Requirement
No
Additional Details
Grant funds may not be used for salaries or debt.
Eligible Applicants
Additional Requirements
Businesses must be 51% or more owned by individuals from specified minority groups, have a Columbia business license, be legally registered with the State of Missouri, have 10 or fewer employees, and work with a business coach. Recipients of the 2023 grant are not eligible.
Geographic Eligibility
City of Columbia
Application Opens
Not specified
Application Closes
Not specified
Grantor
City of Columbia Regional Economic Development Inc. (REDI)
Phone
(573) 442-8303Subscribe to view contact details