MDEAT is offering grants to business owners

Miami-Dade Economic Advocacy Trust (MDEAT) is disseminating $10,000 grants to 25 successful owners of registered for-profit or not-for-profit enterprises operating in Miami-Dade County. MDEAT, an agency committed to ensuring Black residents participate in Miami-Dade County's economic growth, is accepting applications for its Small Minority Black Business Capitalization Grant Program until Thursday, Feb. 23.

Recipients can use the funds to invest in business equipment, marketing, technology, and other tools for business expansion.

Applications can be submitted electronically and in person at MDEAT’s main offices at Overtown Transit Village South Tower, 601 NW 1st Court, Suite 2132, near downtown Miami.

Applicants must meet the following criteria to be eligible to receive grant funds:

• Business must have a physical location in Miami-Dade County
• Business must have been in existence for at least a minimum of three (3) years
• Provide three (3) years of business or Schedule C personal tax returns
• Employs fewer than twenty-five (25) employees
• Must have documentable hours
• Is not in default or non-compliance with any county loan or grant program
• Is not part of a national chain
• Does not engage in illegal activity
• Average revenue must not exceed $750,000 over the last three years
• Only one affiliate by common ownership and/or common management awarded
• Awardees are not eligible to receive an award no more than two years consecutively

For more information about MDEAT’s Small Minority Black Business Capitalization Grant Program, please contact Robert Parson, Economic Development Manager, at 305-375-5610 or email [email protected].