NASHVILLE, Tenn. (WTVF) — Extra monetary aid is coming to Black owned companies hit onerous by the pandemic. It’ll come within the type of grants and practically 300 can be found.
A complete $1.3 million is offered which is able to break down into 5,000 grants going to small enterprise homeowners making an attempt to rebound from the pandemic.
The grants are coming from the Coalition to Again Black Enterprise, a nationwide group that has been serving to small companies keep afloat. The cash will assist the long-term progress of the companies as they proceed to navigate challenges, together with inflation, labor shortages, entry to capital and provide chain disruptions.
That is the third 12 months the group has carried out this. Roughly 1,100 companies have benefited from this cash over the past two years.
When COVID hit, it is estimated greater than 40 p.c of small, black-owned employers closed. Many leaving cities with out companies important to their communities. These grants permit enterprise homeowners to make use of the cash to cowl issues like hiring, payroll, and utilities.
The deadline to use is September 6. You possibly can apply here.