Beyoncé teamed with the NAACP to fund the Black-Owned Small Business Impact Fund. It will provide grants of $10,000 for business owners “in select cities to help sustain business during this time.” As you know, the COVID-19 pandemic has critically affected businesses nationwide–specifically small black-owned businesses. In April, Beyoncé donated $6 million to coronavirus relief efforts through the foundation and a partnership with Twitter CEO Jack Dorsey’s #startsmall initiative. The monies were used to assist communities of color and organizations within them as the coronavirus pandemic spread across the U.S.
To qualify for the grants, you must be a Black small business owner living in Houston, Atlanta, New York, Los Angeles or Minneapolis, and be able to provide a property damage or replacement estimate. Submissions will be accepted until July 18 and will be reviewed between July 20-29. Those businesses who have been selected to receive a grant will be notified on July 31 via Beyonce.com.