COOPERATIVE KENTUCKY STATE UNIVERSITY EXTENSION HELPFUL INFO

Information about the Kentucky State University Cooperative Extension Program 202

2021

Chris Cribbs, State Specialist for Entrepreneurship

One of the biggest factors affecting female entrepreneurs' confidence is access to business funds. Limited fund access was the top business performance concern for women. Small business owners who are women are 43 percent more likely than men to be concerned about the limited access to money and how that impacts business. Starting and running your own business can be an expensive venture. Add a global pandemic, and the need for funds increases exponentially.

Women small business owners should consider applying for grants. Unlike business credit cards and small-business loans, you do not have to pay back grants. Here are a few grants that women small business owners may obtain.

The Cartier award grant is designed for women business owners whose business is in the early stages of development, i.e. between one to three years old. Their business should be generating revenue but does not necessarily need to be profitable. The top seven finalists win $100,000 and personalized business mentoring from an expert that Cartier selects. The remaining fourteen winners receive a $30,000 prize. https://www.cartierwomensinitiative.com/about-us

The Amber Grant Foundation awards $10,000 to a woman-owned business each month. It was created in honor of a woman named Amber who passed away before she could achieve her dream of being an entrepreneur. The monthly sum is relatively small but can have a significant impact to someone struggling to grow a business. At the end of each year, one of the 12 grant winners is also awarded an additional $25,000.

away before she could achieve her dream of being an entrepreneur. The monthly sum is relatively small but can have a significant impact to someone struggling to grow a business. At the end of each year, one of the 12 grant winners is also awarded an additional $25,000.

https://ambergrantsforwomen.com/get-an-ambergrant/

The Shuttered Venue Operator (SVO) Grant program provides $15 billion in grants to certain businesses impacted by COVID-19, including: Live venue operators or promoters; theatrical producers; live performing arts organization operators; relevant museum operators; zoos and aquariums that meet specific criteria; motion picture theater operators; or talent representatives. https://www.sba.gov/funding-programs/loans/coronavirus-relief-options/shuttered-venue-operators-grant