Beyoncé’s BeyGOOD Teams Up W/ The NAACP To Fund Grants For Black-Owned Small Businesses
Fresh off her Humanitarian Award at the BET Awards, Beyoncé is back at work with helping the black community. The National Association For The Advancement Of Colored People (NAACP), announced on their website that they have partnered with Beyoncé and her BeyGOOD foundation to create The Black-Owned Small Business Impact Fund, which will provide $10,000 grants for business owners in select cities to help keep their businesses going during the COVID-19 pandemic. NAACP released the following statement:
Over the last couple of months, the pandemic and outpours for justice throughout the Black community and across the country has been felt in every imaginable area of our lives, including in how our local businesses continue to operate. The challenges of Black business owners navigating in the climate cannot be understated, as the effects of uprisings across the nation have led to many businesses being placed in dire straits due to damages and other small business needs.
The NAACP is delighted to administer a meaningful program in partnership with BeyGOOD’s Black-Owned Small Business Impact Fund to assist our small business communities that have been directly impacted by the recent events across the country. The grants in the amount of $10,000 will be offered to Black-owned small businesses in select cities to help sustain businesses during this time. The NAACP is proud to partner with BeyGOOD to help strengthen small businesses and to ensure economic empowerment for Black businesses.
Those looking to apply for a grant must be a Black small business owner living in Houston, Atlanta, New York, Los Angeles or Minneapolis. They must also be able to provide proof of property damage or a replacement estimate. The deadline to apply is July 18th. Businesses who have been selected to receive a grant will be notified on July 31 through Beyoncé’s website Beyonce.com.
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