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Wells Fargo & Black Chamber SEDI Business Supportive Grant is a grant from Wells Fargo and the Black Chamber of Arizona that funds growth and sustainability for Socially and Economically Disadvantaged Individual (SEDI)-owned businesses in Greater Phoenix. Awards range from $5,000 to $10,000, drawn from a $100,000 total funding pool administered by Millionaire Mastermind Academy.
Recipients also receive Black Chamber of Arizona membership, business consulting, and educational training. Eligible businesses must be located in Greater Phoenix, in operation for at least two years, registered with the Arizona Corporation Commission, and qualify as SEDI-owned — preference is given to women-owned businesses. Startups are ineligible.
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SEDI Business Supportive Grant – Black Chamber of Arizona (BCAZ) Black Chamber of Arizona - Membership Apply for Black Chamber Arizona Membership The SEDI Business Supportive Grant (SBSG) is awarded to qualified applicants to advance the growth of businesses in Greater Phoenix while addressing systemic issues affecting access to capital for Socially & Economically Disadvantaged Individual (SEDI)-owned businesses.
The grant will be administered by the Millionaire Mastermind Academy in partnership with Wells Fargo Bank, and the Black Chamber of Arizona. Awards ranging from $5,000 to $10,000 will be granted to selected applicants, drawing from a total funding pool of $100,000. Support Provided Through the Grant: Financial award to contribute to the growth and/or sustainability of the business.
Membership to the Black Chamber of Arizona and related benefits. Business consulting and educational training to aid in business success. Routine check-ins to facilitate connection between ongoing needs and available resources.
The business is based in the Greater Phoenix area. The company must have been in business at least two years as of November 6, 2024 Applicant must provide an explanation of how the funds will be used, clearly demonstrating opportunities for sales in an identified target market. Businesses must be independent and sustainable – no start-ups.
The business is registered and in good standing with the Arizona Corporation Commission. Business qualifies as a SEDI-owned business; preference given to women-owned businesses. Funds are only available for business costs associated with sustaining and/or growing the business and cannot be used to pay off previously acquired debt.
Finalists being considered for funding may be asked to participate in an interview with the review committee. Awardees will sign an acknowledgement that they will use the money for the purposes described and provide receipts of grant expenditures. Recipients agree to provide the Black Chamber of Arizona with data requested to track program impact in a timely fashion.
Grant application available online. Grant application closes at 5 PM. Final application review by selection committee.
Finalists notified and scheduled to interview with review committee. Black Chamber of Arizona notifies applicants of award status. Recognition of selected applicants at the Black Chamber of Arizona Pinnacle Pathways Awards Gala.
SEDI Business Supportive Grant (Download)
According to the current listing, eligibility includes: Minority-owned businesses in Arizona. Confirm the full requirements in the official notice before applying.
The current listing shows $5,000 - $10,000. Verify award ceilings, matching requirements, and allowable costs in the official notice.
Wells Fargo & Black Chamber SEDI Business Supportive Grant is funded by Wells Fargo & Black Chamber of Arizona. Verify program details on the funder's official page before applying.
This opportunity targets applicants in Arizona. If your organization operates elsewhere, check the official notice for location requirements.
Start from the official opportunity page linked in this listing — it carries the sponsor's submission instructions.
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