Beyonce’s BeyGOOD foundation has actually teamed up with the NAACP (National Association for the Improvement of Colored People) to launch a fund for black- owned small companies having a hard time in the middle of the Covid-19 pandemic.
The Black-Owned Small Business Impact Fund will provide grants of $10,000 (₤ 7,880) to “black-owned small businesses in select cities to help sustain businesses during this time”, NAACP stated.
Cities consist of New york city, Los Angeles and Houston and, in order to be qualified for the grant, candidates should either be a “black-owned small business owner” or be able to”provide property damage or replacement estimates”
“The NAACP is proud to partner with BeyGOOD to help strengthen small businesses and to ensure economic empowerment for Black businesses,” the Black-Owned Small Business Impact Fund’s website description checks out.
“The challenges of Black business owners navigating in the climate cannot be understated, as 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.”
It’s not the first time Beyonce has actually done her bit to supply financial relief in the middle of the pandemic. In April, BeyGOOD partnered with Twitter creator Jack Dorsey’s Start Small fund to supply $6 million (₤ 4.7 million) to numerous organisations throughout the health crisis.
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