We have compiled a list of resources available to support our business community, and in honor of Black History Month we’re highlighting resources tailored to minority-owned businesses:
- SBA 8(a) Business Development Program: This program provides business development assistance and access to government contracting opportunities for small, minority-owned businesses.
- Minority Business Development Agency (MBDA): This federal agency provides access to capital, contracts, and markets for minority-owned businesses. They offer a range of services, including counseling, training, and technical assistance.
- Minority Supplier Development Council (MSDC): This national organization helps connect minority-owned businesses with corporate members and other resources for business growth and success.
- Local Chambers of Commerce: Many local chambers of commerce have programs and resources specifically designed for minority-owned businesses. These can include networking opportunities, access to capital, and business development services. Learn more about the Napa Hispanic Chamber of Commerce and their resources in our Partner Resource article!
- Microloan and Grant Programs: Microloan programs provide small loans to businesses, including minority-owned businesses, to help them start or grow. Stay in the loop with local banks and business partner organizations like the Small Business Development Center to find microloan or grant opportunities.
- Tax Credits: Federal and state governments offer tax credits to businesses that meet certain criteria, such as hiring and retaining minority employees or investing in minority-owned businesses.
We encourage our business community to take advantage of these resources to help them succeed and grow. If you need additional assistance, please don't hesitate to reach out to our economic development team. We are here to support you and help you succeed!