Ladies-led small companies can apply for $10,000 in grant funding by way of funding agency KKR this spring.
The corporate’s Small Enterprise Builders grant program goals to assist corporations that present necessary group providers and people who have needed to pivot throughout COVID. That is the seventh spherical of the grant program. And this newest alternative focuses particularly on women-led companies.
Small Enterprise Builders Grant Program from KKR
To qualify for the grant alternative, companies should be not less than 51 % owned by ladies or those that establish as feminine. Firms should be for-profit and function within the U.S. or one other eligible nation (together with Australia, China, England, France, Germany, India, Eire, Japan, Luxembourg, Singapore, Spain, United Arab Emirates) with between 5 and 50 workers. Annual gross revenues should even be lower than $7 million as of 2021.
The appliance interval is now open, and eligible companies can apply utilizing the Whats up Alice on-line grants portal. Purposes are due April 22 by 6 p.m. ET. From there, a KKR panel will evaluation the candidates and select winners based mostly on who greatest meets the outlined phrases and circumstances of this system. KKR will then notify grant recipients by e mail in June 2022. Along with grant funding, winners may entry instructional sources to develop their companies.
KKR Small Enterprise Grant Program
KKR initially launched its Small Enterprise Builders grant program again in 2020. Since then, the corporate has awarded 278 small companies with $10,000 grants. And so they lately pledged an extra $1.5 million to proceed supporting companies because the pandemic and its results linger in lots of industries. The general objective of this system is to assist pandemic aid efforts and assist companies develop, retain employees, and develop new initiatives that serve their communities.
Winners of previous rounds embody corporations in an enormous array of industries, from comedy golf equipment to baby exercise facilities. Bronx Yoga Lab, a NYC sizzling yoga studio based in January 2020, obtained a $10,000 grant within the newest funding spherical. Co-founders Dionne Presinal and Kerry Donegan needed to shut the area for many of their first 12 months in enterprise. So the funds allowed them to remain afloat and retain their group of extremely certified academics.
Previous funding rounds have awarded grants to quite a lot of enterprise house owners. However this newest initiative focuses particularly on ladies owned companies. In keeping with analysis from the U.S. Chamber and MetLife, ladies enterprise house owners reported a sharper decline within the well being of their enterprise than their male counterparts throughout the pandemic. There are a lot of potential components that influence this discrepancy, from childcare considerations to ladies being extra more likely to enter consumer-facing industries. However packages like KKR’s Small Enterprise Builders goal to offer a bit extra aid to companies that want it most.
Picture: Depositphotos
