You must have between 3-20 employees (including yourself, all full or part-time employees, and independent (1099) contractors). To apply, you must be an owner of a Black-owned small business (51% or more ownership of the business). By working with our extensive network of partners, we will collect a strong library of programs and educational materials to help the Black small business community in their recovery and growth. Online Resources. This website will serve as a central hub featuring resources for all Black-owned small businesses.Four percent of the grantees in each annual cohort will receive these funds to help take their business to the next level. Enhancement Grants. Each summer following the distribution of the $5,000 grants, we will offer competitive $25,000 enhancement grants to those most promising grantees.Mentorship. Each grantee will receive exclusive access to a mentorship program, conducted in partnership with Ureeka, to help grow their business with advice and guidance from industry- or subject-specific mentors.The grant program will involve three additional steps to invest in the long-term success and resilience of the Black small business community. The $5,000 grants are only the start of the Coalition to Back Black Businesses’ efforts to support Black-owned small businesses. We know the need for assistance is great, and we wish we could help everyone who needs it. We hope these grants can provide some assistance to the Black business community to emerge from this crisis stronger than ever. Chamber of Commerce Foundation, will work together over the next four years to provide over $13 million in grants, training, and resources to empower Black-owned small businesses in distressed communities that have long been struggling with economic growth.įrom 2020 through 2023, we will distribute $5,000 grants to applicants each fall, followed by mentorship and training, and select few will receive $25,000 enhancement grants the following summer.

Black Chambers, Inc., Walker’s Legacy, and the U.S. Through the Coalition, American Express, ADP, AIG Foundation, Altice USA, Dow, S&P Global Foundation, Stanley Black and Decker, the National Black Chamber of Commerce, National Business League, U.S. Small businesses are critical parts of communities – the strength of these businesses is essential to the recovery of their communities. The Coalition to Back Black Businesses is a multi-year initiative to support Black small business owners and the communities they serve as they recover from the COVID-19 pandemic and chart a path forward.

My altice