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The Equity Fund Grant for Queer Entrepreneurs of Color | $5K-$30K


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Who: Must identify as a LGBTQ+ small business owner based in the Twin Cities, Minnesota, or Midwest


Deadline: TBD - Summer 2024


 

The Equity Fund (originally known as the Twin Cities Queer BIPOC Business Capacity Fund) was created in 2020 in direct response to the dire economic circumstances created by COVID-19 and the civil unrest and burning of Lake Street following the murder of George Floyd by the police. PFund distributed $90,000 in microgrants in 2020-21 to help Minneapolis queer small business owners of color with flexible cash assistance and remote business capacity training resources.


Fast forward to today - The PFund Foundation, in partnership with Quorum, is proud to announce the 2023-24 round of Equity Fund grants. This program invests in queer entrepreneurs and small businesses from across the Upper Midwest, with a particular focus on queer entrepreneurs of color and queer-owned businesses in rural areas.


Evaluation Criteria | The EFG for Queer Entrepreneurs of Color

All applicants must meet the following criteria:

  • You identify as LGBTQ+

  • Your business is located within the seven-county Twin Cities metropolitan area, Minnesota, or within North Dakota, South Dakota, Iowa, Wisconsin, or the First Nations therein

  • Your business has been in operation for at least one year

  • The annual gross revenue of your business for your most recently completed fiscal year was $250,000 or less. Your business has 20 or fewer employees


*There are three (3) Equity Fund grant categories. For 2 out of 3, you must identify as Black, Indigenous, or a Person of Color to apply.


Grantee Obligations

If awarded you must agree to the following conditions:

  • You agree to only use grant funds for the business purposes outlined in your proposal

  • You agree to provide PFund Foundation with the paperwork necessary to process grant payments

  • You agree to attend 80% of the cohort meetings over the course of the program

  • You agree to complete an online survey and produce a report


Benefits

Each grant recipient receives:

  • Grants ranging from $5,000 up to $30,000 to be used to support building small business capacity and developing queer entrepreneurship across the region

  • Access to five training sessions customized to the needs of small business owners

  • A one-year membership to Quorum, Minnesota's LGBT chamber of commerce

Are you ready to grow your business? Check out The Creator Parlor® for on-demand educational videos, free digital resources, and so much that will help you reach your business goals!







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I'm Santeka - a colorful, outspoken Southern woman that landed in New Jersey. Welcome to my corner of the internet where I share travel, food, twirlable moments, DIY pjojects, and fixer upper inspiration all while living my life out loud! My favorite gig is helping entrepreneurs leverage their table to grow their business.

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