by Jeffrey McKinney Read full article @BlackEnterprise.com
Here is a disturbing finding: Some 71% of Black women business owners across America estimate they can’t survive another year under the current pandemic conditions, a new report by payment technology company Visa shows.
To help offset that, the Visa She’s Next Grant Program announced on March 4 will provide eligible Black women-owned businesses across six major U.S. cities a shot to win one of 60, $10,000 grants and a one-year IFundWomen coaching membership.
Ten grant recipients will each come from Atlanta, Chicago, Detroit, Los Angeles, Miami, and Washington, D.C. The effort is geared to address the needs of local entrepreneurs in U.S. cities with the highest concentration of Black-owned businesses and where Black women proprietors face challenges.
Some of the program’s criteria include being a Black-owned business operating in those cities for two-plus years with at least annual revenue of $24,000 or more. Applications are open now through April 16 here.
“The pandemic has impacted all small businesses—but those run by women and people of color have been disproportionately affected,” Kimberly Lawrence, head of U.S., Visa, stated in a news release. “With this hyperlocal focus on some of the hardest hit cities, Visa aims to make a meaningful difference, quickly, for the communities and their business owners who need it most. ” Read full article @BlackEnterprise.com
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