NBCUniversal parent Comcast Tuesday went live with Comcast RISE, a program to help minority-owned small businesses hit by COVID-19 that offers grants, equipment, internet access, commercial production, free ads and marketing advice. It’s part of a broader $100 million initiative the conglom announced in June.

Comcast began testing the ‘Comcastrise.com’ portal last week and will start publicizing it today, asking for businesses to apply for help in four areas: marketing consulting, access to television inventory, creative production and technology upgrades. It will announce a group of winners each quarter. Businesses not chosen can re-apply. Winners of the first round will be announced Nov 28, Maria Weaver, CMO of Comcast Advertising, told Deadline. The goal is to touch “thousands of businesses,” she said.

Comcast is starting with U.S.-based Black-owned small businesses. The next wave of the multiyear program will expand eligibility to enterprises owned by Black, Indigenous and People of Color

Read More

PROVIDENCE, R.I.–(BUSINESS WIRE)–Sep 30, 2020–

Citizens Bank today announced that it has awarded 100 grants of $15,000 each totaling $1.5 million to minority-owned small businesses across its service areas as part of its previously announced $10 million investment to help drive social equity and economic advancement in underserved communities across its footprint.

Through a short essay, applicants shared insight on how they would use the grant to both strengthen and sustain their business and help their community.

The program also includes an opportunity to partner with SCORE, the nation’s largest network of volunteer, expert business mentors. For recipients who opt in, SCORE will match the business with a mentor to help build and sustain success.

“Citizens is highly committed to helping promote social equity and drive economic advancement in underserved communities and this is one of several ways we are bringing that commitment to life,” said Jack Murphy, president

Read More

At Forbes’ first Small Business Summit on Friday, Senator Cory Booker (D-NJ) said policies to financially support families and small businesses hit hard by the Covid-19 pandemic should not be partisan issues. 

“I feel this sense of urgency,” Booker said. “I’ve seen 9/11, I’ve seen Hurricane Sandy. Usually these crises sear away partisanship and we get to work. But right now, Mitch McConnell does not seem to want to put some of these bipartisan pieces of legislation on the floor.”

In a virtual interview, Booker explained what he thinks are the best next steps to sustain the American economy and boost the country’s most vulnerable businesses. Although he is proud of the bipartisan work done on the last Covid-19 relief package, he said minority businesses were largely left out. 

“Minority businesses didn’t have banking relationships set up to really take part aggressively in

Read More

Both Black and Latinx Americans have faced higher unemployment rates during the COVID-19 pandemic, and their businesses have been hit harder, too. In Philadelphia, active Black biz ownership fell by 68% from March to July, compared to 44% for white biz owners, per WHYY.

Herman Nyamunga, the director of the Community College of Philadelphia’s (CCP) Power Up Your Business accelerator, believes entrepreneurship can be used as tool for Black and brown communities to fight poverty — but supports are necessary, especially amid unprecedented challenges.

Power Up Your Business is CCP’s neighborhood-based approach to economic development that offers free training to small businesses. It was one of four local programs to share $180,000 in recent grant funding from AT&T designed to support Black and brown entrepreneurs. CCP received $80,000 to fund two accelerator cohorts, which will aim to help 30 entrepreneurs at the launch or growth stages.

Nyamunga said

Read More

September 21, 2020

Audacity Institute, in partnership with the City of Reno, is excited to announce the launch of the City of Reno Small Business Relief Fund for Minority- and Women-Owned Businesses.

The online application opens today, Monday, September 21, 2020 and closes on Friday, October 2, 2020 at 11:59 p.m. Applications are available in English and Spanish. Applicants are encouraged to apply early, as funding is limited. Audacity will provide application assistance in both Spanish and English at 775-470-7789 or [email protected]

This financial assistance program is funded by the City of Reno with funds received from the Coronavirus Relief Fund of the CARES Act. The program is intended for small businesses with less than $2 million in annual revenue and less than 20 employees. Eligibility is contingent on the following criteria:

  • Current City of Reno business license
  • Business physically located within the City of Reno
  • At least 51% minority-
Read More

The York County Economic Alliance (YCEA) is offering additional relief for small businesses throughout York County.

Gov. Tom Wolf addresses restaurant restrictions and fighting COVID-19

UP NEXT

UP NEXT

On Friday, August 28, the YCEA announced its application window for its YoCo Strong Restart Grant is now open. Small businesses may be eligible for grants up to $35,000. 

“For the past month, since the announcement of this program, our team have visited hundreds of businesses all over the County to share information, as well as hosted over a dozen webinars to help businesses prepare what they will need to apply,” YCEA president Kevin Schreiber said in a statement. “We will continue to be available and active in helping the application process.”



a close up of a map: Money


© Pixabay/Stock
Money

Start the day smarter. Get all the news you need in your inbox each morning.

Small businesses and nonprofits impacted by the COVID-19 pandemic are

Read More