City of Tempe, AZ
Home MenuBIPOC Micro-Manufacturing Grant
More than 25 Tempe-based micro-manufacturing businesses owned by BIPOC entrepreneurs received a new grant offered by the City of Tempe.
A total of 27 Black, Indigenous and people of color micro-manufacturers received up to $25,000 in grant funds they can use to help them grow their businesses.
Micro-manufacturing is the creation of products in small quantities, often using smaller manufacturing facilities. According to the U.S. Small Business Administration, about 11% of Arizona small businesses are minority-owned.
Entrepreneurship is one way that people can create financial prosperity for themselves and their families. Recognizing that gap, the City of Tempe set aside $300,000 and partnered with Rep. Greg Stanton to secure $500,000 in federal funding. This $800,000 fund is providing up to $25,000 stipends to BIPOC-owned businesses that they can use for rent, supplies, tools, anything they need to succeed. They also received a Tempe Chamber of Commerce membership.Representatives of the non-profit organizations that will select companies for the new manufacturing grants, Mayor Corey Woods and Congressman Greg Stanton at the Oct. 6 launch event. Watch the video.