Uifa’atali Announces New Federal Grant Program to Assist Minority-Owned Businesses

Washington, D.C. –Congresswoman Uifa’atali Amata is announcing the launch of the Capital Readiness grant competition by the US Department of Commerce. The CRP grant competition is funded by the US Treasury Department’s State Small Business Credit Initiative (SSBCI), which is a program that aims to promote entrepreneurship, help businesses grow, and increase access to capital. The CRP grant competition is intended to help entrepreneurs who have applied or will apply to the SSBCI and other programs.

CRP will provide funding to private sector entities, institutions of higher learning, and non-profit organizations that ‘assist and train minority and other underserved entrepreneurs’ seeking assistance with starting or scaling their businesses. The program prioritizes entities that focus on breaking down barriers to minority owners of businesses, such as childcare services so entrepreneurs can focus on their businesses. This focus on potential barriers, according to US Secretary of Commerce Gina Raimondo, will ‘ensure more people can launch and scale businesses.’

“I am very hopeful about the Capital Readiness Grant program and its focus on minority-owned businesses and entrepreneurs,” said Aumua Amata. “The CRP and the SSBCI are only two of the many different federal programs that aim to help entrepreneurs, including those in American Samoa. I hope that businesses, schools, and non-profits in American Samoa will take advantage of this opportunity to provide services such as childcare for entrepreneurs so that they can focus more on developing their businesses and our economy.”

“I encourage those interested to reach out to my District Office in Fagatogo or to visit the US Commerce Department’s website for more information on this great opportunity.”

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