The Coramino Fund
What The Coramino Fund can do?
The program provides $10,000 grants to Black and Latinx entrepreneurs. The grants are designed to foster business growth, with flexible uses including but not limited to:
- Hiring new staff or promoting existing staff to bring a new product or service to market;
- Purchasing equipment to add a new product or service to the business offerings;
- Upgrading physical space to better serve customers; and
- Launching a marketing and promotional campaign to attract more customers.
. . . Entrepreneurs who receive grants may be invited to share their stories— what inspired them to open their businesses and how the grant funding has helped them grow. This is an exciting opportunity for entrepreneurs to showcase their businesses on a national platform.
Eligibility guidelines
The Coramino Fund is open to Black and Latinx-owned small businesses nationwide. Small businesses are eligible to apply for a grant if they meet the following criteria:
- Based in the United States
- Owned by an individual 21 years of age or older (who must be the applicant)
- In operation for 5 years or less
- Have a business bank account.
- Have no more than 3 locations and 30 employees
Business owner(s) must not be an equity holder, owner, partner, member, director, manager, officer, employee, consultant, or agent of any beverage alcohol retail licensee, or has any other interest, direct or indirect, in any Retail Licensee. . .Note: This year, The Coramino Fund aims to allocate 30% of its grants to small businesses located in these 10 states: California, Florida, Georgia, Illinois, Maryland, New Jersey, New York, North Carolina, South Carolina, and Texas.
Applications must be submitted by Tuesday, December 5, 2023, at 11:59 p.m. Pacific Time.
For more information visit: https://www.lisc.org/our-initiatives/small-business/our-work/grants-small-businesses/coramino-fund/
Contact me if you have any questions or need assistance. (630) 378-5482. kenneth@harrisaccounting.com