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BALTIMORE, Md. (WJZ) — A Baltimore entrepreneurship group has announced that it is participating successful a small business grant program that volition grant $2 cardinal to black female concern owners.
The Women Entrepreneur Leadership Lab, besides known arsenic the WELL, is joining Reimagine Main Street to grant the Backing Black Business assistance programme funding in currency grants ranging from $5,000 to $50,000 to much than 200 achromatic women entrepreneurs.
The assistance task besides has enactment from Meta, the genitor institution of Facebook.
“This is huge,” said Nakeia Drummond, laminitis of the WELL. “We’re truly excited astir the attack to this which is to bring those grants into and enactment them successful the hands of organizations that are moving for and with achromatic women each day.”
Drummond’s enactment has been helping achromatic women navigate the challenges of gathering and increasing a tiny concern since 2018. It brings members unneurotic to speech astir the issues they person faced, to stock ideas, to web and get them entree to much capital.
“I spot these grants arsenic seeds. A batch of america don’t person that effect circular of backing wherever friends and household are capable to conscionable determination into you successful that way,” said Drummond.
A founding subordinate of the WELL, Ashley Rock Wylie applied for the assistance programme to assistance her floral shop, Fleurs d’Ave, grow adjacent more.
“The extremity of that assistance is to assistance tiny black-owned businesses, women-owned businesses with much tools, much resources, learning however to negociate your finances better, and immoderate selling and income strategies, truthful I’m excited astir that,” she said.
Black pistillate entrepreneurs who conscionable the assistance program’s criteria person to use for the backing by Wednesday, December 15, 2021.
Criteria for the grant:
1. A business that operates successful the United States
2. A concern launched PRIOR TO July 1, 2021
3. A business that is ineligible and for-profit
4. A concern has generated astatine slightest $10,000 successful gross since January 2021
5. Applicant is capable and consenting to papers your revenue
6. Applicant was astatine slightest 18 years aged connected June 30, 2020
7. Applicant identifies arsenic a Black, African-American, oregon African woman
A sheet of judges volition reappraisal submissions successful January 2022, and grants volition beryllium awarded to winners and finalists successful February 2022.
Stetson Miller
English (US) ·