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Famous Amos® and the National Black Chamber of Commerce return with Ingredients for Success Entrepreneurs Initiative, a national pitch competition awarding three $50,000 grants to Black small business owners. Along with capital, winners will receive resources and tools provided by the NBCC to drive sustainable growth and success.
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Black founders, CEOs, and small business owners are encouraged to apply to this national grant competition where three winners are ultimately awarded a total of $150,000. Supporting Black-owned businesses is an act of closing the wealth gap experienced by the Black community. We encourage all eligible to learn more about applying.
Ingredients for Success awards $50,000 to three entrepreneurs. Along with the monetary award, winners will receive resources and tools provided by the NBCC to drive sustainable growth and success.
Businesses must be at minimum 90% Black-owned
We are prioritizing businesses who've been in operation for five years or less
Headquartered in the United States (excluding Puerto Rico, the U.S. Virgin Islands, and other Commonwealths, Territories, and Possessions)
The IFS Grant application goes live on 5/17/2023. Qualified entries must be submitted by Monday, June 26th by 11:59 p.m. EST.
Ten finalists will be chosen to move to the 2nd round of judging. The list of finalists will be published live on the site.
Ten Finalist will receive access to existing signature programs & NBCC Membership resources. Finalist will be asked to submit a 500-minimum word summary explaining where the business has the greatest need and how the grant will fulfill that need – illustrating the implementation of the strategy.
Winners of the cash grant and mentorship resources will be announced on 08/28.
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Ten finalists will be chosen to move to the 2nd round of judging, with the first round winners being announced in January. Judges include, Mandy Bowman, Steve Canal, Roby Mercharles and past grant reciepients Nancey Harris & Tracy V Greene.
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Black Americans are fueling US economic growth at an-increasing rate, contributing over $1 trillion per year in consumer-spend. Additionally, the number of Black-owned businesses in-the US has grown 30% compared to pre-pandemic numbers!
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The Ingredients for Success Initiative will support recently created businesses affected by the pandemic. Entries must be submitted by Monday, November 29th by 11:59 p.m. EST.
Ten finalists will be chosen to move to the 2nd round of judging, with the first round winners being announced in January. Judges include, Mandy Bowman, Steve Canal, Roby Mercharles and Jeffrey Beckham, Jr.
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10 finalists across various categories compete for cash, mentorship and supportive business resources. The list of finalists will be published live on the site. Each finalist will be given the opportunity to participate in the final round of considerations. The three winners will take home a $50,000 grant each.
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Thank you for expressing interest in participating in the program! Let's keep it going! You are now a member of the NBCC and the American Dream Marketplace. Be sure to check keep up with us for updates.
Access Your Gift-bagYour business must be at minimum 90% Black-owned to be considered for this program.
We're looking to support recently created businesses most affected by the pandemic. Applicants must be in business for five years or less.
Your business must be headquartered in the United States (excluding Puerto Rico, the U.S. Virgin Islands, and other Commonwealths, Territories, and Possessions).
Ingredients for Success is a grant and mentorship program awarding $150,000 to three entrepreneurs ($50,000 each). Grant winners will also receive the necessary resources and tools provided by the National Black Chamber of Commerce to drives sustainable growth and success. The Famous Amos: Ingredients for Success Grant Grantee will receive a complete suite of mentoring and coaching resources. Winners will work personally with the executive leadership of both the NBCC and The American Dream Market Place to ensure the mental wellbeing of you as an entrepreneur, and that of your business.
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