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New Grant Program Aims to Close Funding Gap for Women-Owned Small Businesses: Block Advisors By H&R Block Offering $100,000 in Grants

The new grant program, Fund Her Future, is set to provide much-needed financial support to women-owned small businesses, particularly Black female entrepreneurs. With a total of $100,000 in grants up for grabs, this initiative by Block Advisors By H&R Block aims to help close the funding gap that many women business owners face.

According to recent data, Black women founders have significantly lower annual revenue compared to all women-owned businesses, highlighting the need for additional financial support. The program will award one grand prize winner with $50,000 and four finalists with $12,500 each, along with a year of small business services from Block Advisors.

Interested applicants have until May 26, 2024, to apply for the grants, with a focus on women-led businesses that promote inclusivity and demonstrate community impact. The goal is to address the disparities in access to financing that women entrepreneurs, especially those of color, often face.

Industry experts are hopeful that initiatives like Fund Her Future will help level the playing field for women-owned businesses and shine a light on the funding and support gap that exists compared to their male counterparts. With women-owned businesses growing at nearly double the rate of men-owned businesses, it is crucial to provide the necessary resources and opportunities for these entrepreneurs to thrive.

For more information on the Fund Her Future grant program, visit the official website.