Music mogul Beyoncé has teamed up with the NAACP to launch the Black-Owned Small Business Impact Fund. Through her foundation, BeyGOOD, the Texas native will work with the NAACP to “ensure economic empowerment for Black businesses.”
Running from early July through July 19, 2020, small business owners in cities like Houston, Atlanta, New York, Los Angeles and Minneapolis can apply for $10,000 grants. Receipients will be notified on July 31, 2020 through the music superstar’s official website.
— BeyGOOD (@BeyGood) July 9, 2020
“The challenges of Black business owners navigating in the climate cannot be understated. The effects of uprisings across the nation have led to many businesses being placed in dire straits due to damages and other small business needs,” the NAACP stated.
“BeyGOOD announces The Black-Owned Small Business Impact Fund, assisting small businesses negatively impacted by recent events. The NAACP is proud to partner with BeyGOOD to help strengthen small businesses and to ensure economic empowerment for Black businesses,” BeyGOOD wrote on Instagram.
To learn more about the initiative, be sure to visit Beyoncé’s official website. Be sure to check back on July 31, 2020 to find out who will receive these much needed grants.