Less than five percent of American business owners are Black.
Amid a pandemic that has sent our economy into free fall, Black-owned businesses need more access to capital and funding than ever before.
So we're doing just that.
We have partnered with organizations such as BeyGOOD, Vistaprint and the Boston Celtics Shamrock Foundation, Diversity Capital, Hello Alice, and many more to support Black entrepreneurship and the businesses that have been hit the hardest as a result of COVID-19 and social uprisings.
In partnership with the NAACP and Hello Alice, the Keep It Local Business Fund grant program, powered by the Nextdoor Kind Foundation, will award $5,000 microgrants to entrepreneurs of color, enabling them to help strengthen and support communities at a local level.
In addition to funding, recipients will receive public recognition of contributions to their community, participation in events with other recipients to share their entrepreneurship journey, ad credits to promote their business on the Nextdoor Platform, and access to trainings on how to thrive as a small business, including Nextdoor's Recession Playbook.
Vistaprint and the Boston Celtics Shamrock Foundation launched the Power Forward Small Business Grant in partnership with NAACP and announced a combined commitment of $1 million. This grant program aims to create a lasting impact through the economic empowerment of Black-owned small businesses across New England with grants of $25,000 to be awarded on a rolling basis.
Grant recipients will have opportunities to be featured on national co-branded platforms and receive marketing and design resources customized to their specific needs to help their businesses grow and thrive.
Black-Owned Business Resource Center
NAACP, in partnership with Hello Alice, is working to provide a growing resource of money, networks, and opportunities for one of the fastest-growing groups of small business owners in America.
NAACP x BACARDI are working together to provide dedicated support to Black-owned businesses in the beverage alcohol service, sales, and hospitality industries. Backing the B.A.R. awarded more than $350,000 in acceleration grants, education, support, and entrepreneurship solutions for Black-owned bars, restaurants, nightclubs, lounges, liquor stores, and small businesses in the process of applying for a liquor license.
BeyGOOD is on a mission to spread hope. The goal is to provide a lifeline for small businesses at the epicenter of dual pandemics. NAACP teamed up with BeyGOOD to expand economic opportunity by awarding grants of $10,000 throughout 2020.