A new grant program offers funding for COVID-19 relief to Black and Latinx-owned small businesses in Winston-Salem and Forsyth County. The Minority Business Enterprise (MBE) grant fund is focused on improving business success, job retention, and job creation for minority-owned businesses.
Grants up to $25,000 are available.
Eligible use of grant funds are salary, wages, lease, rent payments, working capital, and capital expenditures.
Businesses must be Black- or Latinx-Owned.
Businesses must be located in Forsyth County and in operation as of January 1, 2020.
Businesses’ gross annual sales must not exceed $1 million.
Businesses must have at least 1 but not more than 25 full-time employees.
Applicants should read the entire criteria and gather supporting documentation prior to submitting an application. The deadline to apply is October 30, 2020.
Grant recipients will receive a one-year scholarship membership to Greater Winston-Salem, Inc. to support their ongoing growth and business success. Learn more.
How to apply:
Entrepreneurial Advisory Board
The MBE grant program will be managed by the Entrepreneurial Advisory Board, consisting of African American and Latino business leaders in the local region. This board will review applications, provide technical assistance, and determine grant recipients.
Anthony Abney – Business Launch Specialist at SBTDC-WSSU (Chair)
Alan Caldwell – Retired Director-Community & Civic Engagement at Reynolds American Inc.
Brenda Diggs – Retired SVP at Wachovia Bank
Dwight Lewis – Associate Athletic Director at Wake Forest University
Reginald McCaskill – Executive Director at Maximum Enterprises Inc. of Winston-Salem
Bill McClain – Executive Director at The Guiding Institute for Developmental Education, Inc.
Hasani Mitchell – Community Manager of ACCESS Center for Equity + Success
Karla Mounts – Founder and Creator of Soy Emprendedor
Lorena MuñozHolladay – Real Estate Investor & Financial Coach
Randon Pender – President of the Winston-Salem Black Chamber of Commerce
Jasmine Stover – CEO at Thirsty Inc.
Allan Younger – Director of the Forsyth Tech Small Business Center
MBE Grant Program funds are administered through Greater Winston-Salem, Inc.’s 501(c)3 foundation, The Greater Winston-Salem Chamber of Commerce Foundation. All funding received is distributed directly to recipient businesses.
Allegacy Federal Credit Union, Mr. and Mrs. Bruce Babcock, The Budd Group, Alan and Lisa Caldwell, Cook Medical, Jean C. Davis, Duke Energy, Flow Automotive, Flow Lexus, Front Street Capital, Paul Fulton, Drew and Kelley Hancock, Javara, Modern Automotive, L. David Mounts, David Neill, Novant Health, the Prim Family Foundation, Reynolds American, Ben C. Sutton, Jr., the Truist Charitable Fund, Claire and Randall Tuttle, Wake Forest Baptist Health, Wake Forest University, Wells Fargo (Business) and the Wells Fargo Foundation, John Whitaker, and the Whitaker Park Development Authority.