Some good news for women business owners who live in Texas: thanks to both the government and private organizations, women are able to apply for several grants specific to their business needs. The focus is on expanding opportunity for often overlooked demographics by narrowing eligibility only to women entrepreneurs from the state of Texas. Grant money goes directly to applicants and doesn't have to be paid back.
Here are 5 business grants for women in Texas we think should be highlighted.
Texas Women's University believes that empowering women and fostering diversity in business drives economic growth. The Center for Women's Entrepreneurship (CWE) sponsors the StartHER Grant Program offering ten $5000 awards to women-owned businesses throughout Texas. Funds are available for both existing and start-up businesses located and operated within the state.
How to apply — Applying for a StartHER Grant is a two-step process. Recipients receive $2500 when awarded followed by the remaining $2500 after completion of a CWE training course.
Beam Angel Network
Beam Angel Network was launched by Women@Austin with the focus of advancing women entrepreneurs in Texas. Partnering with Notley Ventures, an investment firm with an eye on making a social impact, Beam's goal is to strengthen and promote women-founded companies. The organization serves as an investor network coordinating with community non-profits including the Alliance of Texas Angel Networks. They offer creative funding as well as start-up grants.
How to apply — Beam Angel Network provides curated connections to potential grants and investors. Women business-owners apply by pitching their business intentions. They are subsequently matched with interested companies or organizations best suited to meet their needs.
Texas Women's Foundation
Texas Women's Foundation is a community-focused organization advocating economic and leadership opportunities for women and girls. They offer a variety of distinctive grants streamlined to meet the challenges of everyday women in the state. They collaborate with local nonprofits like the Dallas Entrepreneur Center to explore individual situations including robust support for minority and women-owned small businesses.
How to apply — Applicants for small business grants can access the Revive Dallas Small Business Relief Fund through the Texas Women's Foundation's portal. Recipient companies must have under 15 employees and prove loss of revenue due to Covid-19 disruptions or other unexpected circumstances.
Texas Restaurant Association
The Texas Restaurant Association in conjunction with the Texas Conference for Women is offering $150,000 in grants to women-owned restaurants across the state of Texas. The grant is in response to the Covid-19 crisis which has disproportionately affected the restaurant industry many owned and operated by local women and minorities. The program will award $2500 each to more than 60 businesses throughout the state.
How to apply — Texas Restaurant Association provides an online form making applying easy. Due to an overwhelming response, applicants might have to be patient until current grants are distributed and the process is reopened.
The Zach Grant is offered through Fundera, a company known for helping small businesses procure the funding they need to get started or grow. Though the Zach Grant is not exclusive to Texas women, it is an excellent resource for women throughout the state. The $2500 grant is open to women who want to launch a small business or need financing to grow the one they already have.
How to apply — Fundera's creative approach to applying for the Zach Grant requires applicants to record a three-minute video about the business. They look for originality and quality when deciding who gets the award using social media as a platform. Grant winners are announced in February of each year.
Fundid is on a mission to get women owned business the capital they need to grow so that we can all close the business wealth gap. While 42% of business in the US are owned by women, they only account for 4% of revenue generated by private businesses. We spend our time at Fundid thinking about what the world would look like if women also generated 42% of revenue and how to get them the capital they need to make that happen. Fundid is a challenger business bank, business lender, and grant marketplace built on from the feedback of women entrepreneurs.