NEW BUSINESS FUNDING/$10,000 SMALL BUSINESS GRANT [Video]

NEW BUSINESS FUNDING/$10,000 SMALL
GRANT LINK: https://www.comcastrise.com/rise-apply/
Starting June 2020, Comcast NBCUniversal announced the development of a comprehensive, multi-year plan to allocate $75 million in cash and $25 million in media over the next three years to fight injustice and inequality against any race, ethnicity, gender identity, sexual orientation or ability.

Grant Details:
500 grants totaling $5 million will be distributed as follows:
100 small businesses in each city
Each business will receive a $10,000 monetary grant
Application period is June 1-14, 2022.
Grants will be announced at the end of July 2022 and awarded in August 2022.

Small businesses have been dealing with the ongoing impact of the pandemic, social unrest, and environmental events. Small businesses owned by people of color or women have been some of the hardest hit. According to the National Bureau of Economic Research, between February and April 2020, the number of active Black-owned businesses declined by 41%, Latinx-owned businesses declined by 32%, and Asian-owned businesses dropped by 25%, versus just 21% for the general population. Comcast RISE was created to invest in the success of these critical businesses by providing valuable and practical support.

In November 2021, Comcast RISE announced a major expansion to all women-owned businesses nationwide. According to a study by the National Association of Women Business Owners, 42% of businesses in the U.S. are owned by women, with more than 1,800 new businesses being started every day. That’s nearly five times the national average. However, according to the same study, women-owned businesses are growing at only half the rate of those run by men, namely because women struggle to access capital and other resources to help them succeed!