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It currently awards Black-owned businesses grants worth $10,000 and an additional $500 worth of legal services provided by LegalZoom. The program is managed by the Accion Opportunity Fund, a ...
39% of Black-owned businesses were owned by Black women in 2021, while men owned 53%. In the 2023 fiscal year, the SBA backed 4,781 loans to Black-owned businesses, totaling $1.45 billion.
Beyoncé and the NAACP have announced a new grant that will award $10,000 to Black-owned small businesses that have suffered due to COVID-19.
In 2020, during the COVID-19 pandemic, the Black Parade Route was launched. The Black Parade Route is a program celebrating black-owned businesses and communities. The Black-Owned small Business Impact Fund assisted Small Businesses impacted by the pandemic and partnered with the NAACP to focus on the importance of strengthening small businesses.
The foundation conducts audits, shares its database of Black-owned businesses, and offers business development strategies to participating companies. It was established in 2020 by Aurora James after she created the 15 Percent Pledge initiative on Instagram , following the murder of George Floyd .
The event provides funding for Black-owned businesses, and features celebrity speakers on the topic of entrepreneurship. [6] [7] [8] The event has won two Webby Awards and two People’s Voice Award for the category “Virtual & Remote - Business & Finance” at the Webby Awards. [9] [10] [11]
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related to: grants black owned businessesyourconsumerinsider.com has been visited by 100K+ users in the past month