Business ownership can enable Black people to build wealth more quickly than traditional employment, create jobs for others in the community and build assets that can be transferred within or passed down to a generation. But 95% of Black firms are sole proprietorships whose owners are primarily self-employed. Because they are small, these businesses have difficulty in accessing lines of credit, working capital or venture capital. Utilizing e-commerce, crowd sourcing and social media reduces immediate need for capital, but those tools are not widely utilized.
Because this is an emergent area of work for our Foundation, we do not have additional eligibility criteria at this time. Our grantmaking in this area will be responsive for the next several years.
| GRANT CYCLE | APPLICATION DEADLINES |
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| Spring grant cycle | Feb. 26, 2024 by 5 p.m. (for funding decision by June 6.) |
| Fall grant cycle | July 11, 2024 by 5 p.m. (for funding decision by Oct 30.) |
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CONTACT:
Joshua Devine Economic Mobility Officer, Economic and Community Development devinej [at] pghfdn.org (devinej[at]pghfdn[dot]org) |
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If you are interested in funding to support an effort to increase Black entrepreneurship, please complete this form:
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