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The Next Black Millionaires is a grant from SheaMoisture, in partnership with New Voices Foundation, that funds Black-owned businesses with capital, business development support, and retail distribution opportunities. The program awards selected businesses a $100,000 grant, business development services, retail distribution support, and the opportunity to collaborate with SheaMoisture and appear in a streaming docuseries.
Eligible applicants must own a Black-owned business that is registered and based in the United States, has been in operation for at least two years, and generates at least $25,000 in annual revenue. The program reflects SheaMoisture's decades-long commitment to investing in Black entrepreneurs and communities.
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In 2021, we launched our most ambitious project yet: The Next Black Millionaire Fund . In partnership with New Voices Foundation , we combed through hundreds of applications, conducted dozens of interviews, and ultimately selected three amazing Black-owned businesses to participate in this groundbreaking program. Congratulations to our winning founders!
Each business will receive: $100,000 grant, business development services, retail distribution support, an opportunity to collaborate with SheaMoisture and to participate in a streaming docuseries that follows their journey over the course of the year. To learn more about their businesses SheaMoisture has been serving Black entrepreneurs and investing in the Black community for decades.
To better serve you, we’re constantly reimagining our recipe for success . Unjust barriers exist for Black entrepreneurs, including limited access to the considerable advantages that generational wealth and privilege provides. A crucial part of our recipe for eradication of the $11 Trillion wealth gap is supporting entrepreneurs like you.
Join our growing community of entrepreneurs. Build your recipe with SheaMoisture. SheaMoisture First Annual Impact Key ingredients to Black wealth creation Since 1991, SheaMoisture has been committed to uplifting Black communities across the world.
Learn more about the decision that was made in 2017 to grow the company’s impact as a Black-founded and Black-led company. What’s happened since this decision?
Based on current listing details, eligibility includes: Black-owned businesses, registered and based in the U. S. in operation for at least two years, with at least $25,000 in annual revenue. Applicants should confirm final requirements in the official notice before submission.
Current published award information indicates $100,000 Always verify allowable costs, matching requirements, and funding caps directly in the sponsor documentation.
The current target date is rolling deadlines or periodic funding windows. Build your timeline backwards from this date to cover registrations, approvals, attachments, and final submission checks.
Federal grant success rates typically range from 10-30%, varying by agency and program. Build a strong proposal with clear objectives, measurable outcomes, and a well-justified budget to improve your chances.
Requirements vary by sponsor, but typically include a project narrative, budget justification, organizational capability statement, and key personnel CVs. Check the official notice for the complete list of required attachments.
Yes — AI tools like Granted can help research funders, draft proposal sections, and check compliance. However, always review and customize AI-generated content to reflect your organization's unique strengths and the specific requirements of the solicitation.
Review timelines vary by funder. Federal agencies typically take 3-6 months from submission to award notification. Foundation grants may be faster, often 1-3 months. Check the program's timeline in the official solicitation for specific dates.
Many federal programs offer multi-year funding or allow competitive renewals. Check the official solicitation for continuation and renewal policies. Non-competing continuation applications are common for multi-year awards.
The purpose of this FOA is to provide funding for up to four (4) Tribal Colleges and Universities (TCUs) that will provide entrepreneurial development services to Native American communities, focusing on supplying services to socially and economically disadvantaged entrepreneurs in locations that are outside of the geographical areas of existing SBA resources. Eligible applicants must be Tribal Colleges and Universities as defined in the Higher Education Act HEA 316 (U.S.C. 1059c). Funding Opportunity Number: SB-GC7J-23-002. Assistance Listing: 59.007. Funding Instrument: G. Category: BC,ED. Award Amount: Up to $250K per award.
The purpose of this FOA is to provide funding for up to two (2) private, non-profit organizations that will provide entrepreneurial development services to women, with an emphasis on socially and economically disadvantaged entrepreneurs in locations that are outside of the geographical areas of existing WBCs for the District of Columbia (DC) and the State of Oregon. There will be one award for each location. Eligible applicants must be private, non-profit organizations with 501(c) tax exempt status from the U.S. Treasury’s Internal Revenue Service and must provide services to the District of Columbia (DC) and State of Oregon. Funding Opportunity Number: SB-OEDWB-23-002. Assistance Listing: 59.043. Funding Instrument: G. Category: BC,CD,RD. Award Amount: $75K – $150K per award.