Accelerate Fort Worth Foundation, a Fort Worth 501(c)(3) nonprofit organization that supports entrepreneurs in the greater Fort Worth area with resources they need to develop, launch, and grow their businesses, recently awarded its first round of micro grants from its Small Business Accessibility Grant Program to small business owners.
The first nine recipients were selected from a competitive pool of over 120 applicants who applied between Oct. 1 and Oct. 15, 2022. A survey of these business owners reveals more than 62% identify as Black or African American, while more than 66% identify as women. Over 220 business owners have applied to date.
The October awardees include Bobby Robinson with Black Anchor Designs, Brienanna Smith of Brands by Brie, Joel Ortize of Taqueria Ortiz, Johnnie Anderson of OnDaSpot Solutions, Alexis Nguyen of Illumination Fine Fabric, Anthony Perez of That Eye Place, Sarinya Oliver of MOOV, Monique Wilson with Mind Style Network, and Majisola Okuyemi with Pearl Honey Spreads.
“We’re overwhelmed by the response to our pilot micro-grant program,” says Accelerate CEO, Jared Sloane. “We launched this program because we knew first-hand that our community is alive with entrepreneurship, and there are so many barriers to success. All our clients face financial challenges of one kind or another, so while the grant is small, it packs a punch. Now, we need to find more ways to support these brave folks.”
Recipients are awarded $500 each for eligible expenses related to networking, continuing education, compliance, and some startup fees that the business owner demonstrates as empowering in their small business journey. Within 90 days, these finalists will report back to Accelerate on the grant’s impact, and they’ll be re-eligible for additional funds if available.
November applicants are currently being reviewed for a December award process. December applications are now open for Tarrant County small businesses to seek funding from the Small Business Accessibility Grant Program. The Small Business Accessibility Grant, an initiative of the Accelerate Fort Worth Foundation to reduce barriers for small business ownership, provides funds for business expenses related to networking, compliance, startup costs, and continuing education.
To be eligible for the Small Business Accessibility Grant program, the applicant must be an owner or employee of a small business less than 5 years in operation with sales under $250,000, and located in Tarrant County, Texas. Other requirements apply. For more information and to apply, business owners should visit Accelerate’s website at www.acceleratedfw.com/grants. Applications are being accepted continuously until funds are exhausted. Those seeking funding by January must complete the application by Dec. 15.
To apply for the Small Business Accessibility Grant, visit www.acceleratedfw.org/grants.