EatOkra in partnership with Dine Diaspora, invites applications for the EatOkra Black Women in Food Grants in the USA in 2022.

The EatOkra Black Women in Food Grants provide capital for Black women to accelerate growth for their brick-and-mortar restaurants. Aligned with EatOkra’s values, the opportunity will enable these businesses to “spread their wings and embrace their visions for tomorrow.”

Black women entrepreneurs face barriers to success. This is due to

Advert
  • limited access to funding as they receive less than 1% of venture capital,
  • are three times more likely to be denied loans, and
  • receive lower loan amounts even when approved.

Out of 17% of new businesses started by Black women, only 3% eventually become mature businesses.

While these businesses, especially restaurants, were hit hard by the pandemic, Black women-owned businesses are up by almost 30% on pre-pandemic levels.  With more accessible capital, Black-women owned restaurants can reach maturity and positively impact their communities.

Worth of Award

The grant is worth $10,000. 

Eligibility

To be eligible, candidates are expected to

  • Self-identify as a Black woman

  • Operate a brick-and-mortar restaurant location

  • Currently own at least 50 percent of a restaurant business

  • Be a restaurant located in the United States

  • Own three restaurants or less, and employ fewer than 50 employees per location

  • Be open for at least six months, but no longer than 5 years

They are also expected to prepare a Profit and loss statement for 2021

How to Apply

Get started on your application by clicking here.

Deadline: July 17, 2022 by 11:59 pm ET.

 

Click here for more details and to apply