This New Grant Could Greatly Benefit Black Women Business Owners

woman in black shirt using laptop computer
Alyssa Guzik
June 6, 2024

Of all the businesses owned and operated in the U.S. 40% are owned by women. Even fewer are owned by Black women.

The well-known tax preparation company, H&R Block has launched a new program designed to help these businesses thrive. The first-of-its-kind Fund Her Future program aims to help women-owned businesses grow and strengthen their communities.

The company will award $100,000 in grants to businesses owned by women. Five grants will be provided. Four women-led businesses will receive $12,500 each, and one grand prize winner will receive $50,000. Applications are being accepted until May 26. Winners will be notified at the end of June.

Businesses owned by Black women receive less than 1% of all venture capital funding each year. A grant of this kind could significantly and positively impact the growth of Black women-led businesses, and their communities.

Through this program, H&R Block may be helping to level the playing field for women entrepreneurs and fostering a more diverse and vibrant entrepreneurial landscape.