Backing Small Businesses presented by American Express | Main Street America
Small Business Grants

Supporting Economic VItality for Small Business Owners

In partnership with American Express, the Backing Small Businesses grant program small businesses with community reach and/​or cultural significance. 

Backing Small Businesses presented by American Express

Program Overview

In 2024, eligible small business owners could apply for $10,000 grants for projects that grow or improve their businesses by building community, supporting their economic viability, or bolstering meaningful change.
 

In 2021, American Express and Main Street America created the Backing Small Businesses grant program to help small business owners recover from the COVID-19 pandemic and grow their businesses. In its first year, the program awarded $1.65 million in grants to 330 small business owners nationwide, and in its second year, the program awarded over $2.3 million in grants to an additional 350 businesses. 

In its third year, the program will increase grants awarded and double total funding to more than $5.7 million to further support small business owners in building their economic vitality and fostering a thriving community. In March 2024, applications opened for 500 small business grants of $10,000 to eligible businesses in the U.S. and U.S. territories. 

Of the 500 recipients selected for $10,000 grants, a limited subset of 25 recipients will be awarded $30,000 Enhancement Grants, which will allow those business owners the opportunity to create transformative change within their business and in their community (for example, by giving back, partnering with community members, addressing cultural, environmental and/​or access needs in their community, opening a new location and/​or adding staffing). Recipients of the $10,000 grant will be required to submit a final grant report using a template provided. In addition to questions regarding the completed project, the report will include prompts on how the business would use the $30,000 Enhancement Grant. Enhancement Grant project proposals can be related to the $10,000 grant proposal or they may constitute a separate project. 

What do we mean by Community Reach”?

A small business with community reach is involved in and critical to the surrounding community or serves a cultural- or ability-specific need. These businesses are often long-standing or legacy businesses that provide continuity and a sense of identity to a neighborhood or specific cultural group. Businesses with community reach have also been intentional about developing core values and a business model that supports their communities or addresses an acute community need. For example, a business that regularly hosts free concerts featuring local artists, or a shop that provides goods or services that uniquely serve a customer base in the community.

Program Background

This program marks the latest effort in American Express’ Backing Small” initiative to provide financial support and resources to help small business owners thrive and recover stronger from disasters. Other Backing Small programs include Backing Historic Small Restaurants. Backing Small complements American Express’ Shop Small and Small Business Saturday.


Meet the Latest Recipients



Small Business Resources

Community Partners

About the Community Partners

CARE

CARE works to save lives, defeat poverty, achieve social justice, and fight for women and girls. Learn about CARE.

Center for Community Progress

The Center for Community Progress is the only national nonprofit dedicated to comprehensively tackling vacant properties. Since 2010, Community Progress has provided urban, suburban, and rural communities battling systemic vacancy with the policies, tools, and resources needed to address the full cycle of property revitalization. Learn about the Center for Community Progress here. 

Disability:IN

Disability:IN is the leading nonprofit resource for business disability inclusion worldwide. Learn about Disability:IN.

HIAS Economic Development Fund

EAF provides refugee entrepreneurs access to financial products and services that promote economic opportunity. Learn more.

Hispanic Federation

Hispanic Federation is the nation’s premier Latino nonprofit membership organization that empowers the Hispanic community. Learn more.

National ACE

National ACE serves as a strong advocate for AANHPI small business owners across the country. Learn more.

The National Center for American Indian Enterprise Development

The National Center for American Indian Enterprise Development assists Native American tribes and businesses with business and economic development. Learn about NCAIED here. 

Small Business Majority

Small Business Majority is a national small business organization that empowers America’s diverse entrepreneurs to build a thriving and equitable economy. Learn more.

Syracuse University D'Aniello Institute for Veterans & Military Families | Bunker Labs

Bunker Labs provides community, programs, and courses to help military veterans and military spouses start and grow successful businesses and startups. Bunker Labs was acquired by Syracuse University’s D’Aniello Institute for Veterans & Military Families January 1, 2024. The strategic endeavor brings together two organizations dedicated to supporting veteran and military spouse entrepreneurs with the goal of enhancing the overall reach and impact of entrepreneurial success within these communities. Learn more.

National LGBT Chamber of Commerce

The largest advocacy organization dedicated to expanding economic opportunities and advancements for LGBTQ people, and the exclusive certifying body for LGBTQ-owned businesses. Learn more.

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Questions?

Contact SmallBizGrant@​mainstreet.​org

 

or call 3126105613 and leave a voicemail with any other questions. Please allow up to two (2) full business days to respond to all inquiries.

Main Street America (the National Main Street Center) has partnered with American Express to launch the Backing Small Businesses (the Backing Small Businesses grant program”) which is administered by Main Street America. All Applications become the sole property of the Sponsor and information from the Applications may be provided to American Express. Please review the Main Street America privacy policy here.

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