Beyoncé Launches Grant for Black-Owned Businesses

Beyoncé Launches Grant for Black-Owned Businesses

Beyoncé Launches Grant for Black-Owned Businesses

BeyGOOD and the NAACP are providing grants to Black-owned businesses.

BeyGOOD and the NAACP are providing grants to Black-owned businesses.

Text: Jared Peraglia

Beyoncé’s BeyGOOD is teaming up with the NAACP to grant small Black-owned businesses across the county financial aid in wake of the coronavirus pandemic.

The Black-Owned Small Business Impact Fund is targeted at five major American cities including Minneapolis, New York and Atlanta. Select applicants will be awarded $10,000 to help keep their businesses afloat during national financial struggle.

“The challenges of Black business owners navigating in the climate cannot be understated,” the NAACP said in a statement. “The NAACP is proud to partner with BeyGOOD to help strengthen small businesses and to ensure economic empowerment for Black businesses.”

BeyGOOD’s grant comes after weeks of national protests that have sounded the alarm on police brutality in America. And as unemployment rates improve for white workers, a large number of Black people are still feeling the economic impacts of the coronavirus pandemic.

Beyoncé started BeyGOOD in 2013 with the hopes of promoting people to #BeyGood to their community. Throughout the past several years, BeyGOOD has transformed into a global powerhouse partnering with initiatives and programs in the United States, Europe and South America. 

Only small Black-owned businesses in Houston, Atlanta, New York, Los Angeles and Minneapolis will be eligible for the grant. Submissions are now open through July 18th and  applicants will receive notification of their status July 31st. Click here to see if you are eligible and apply for BeyGOOD’s grant. 

UP NEXT

Snoh Aalegra's New Track & Video for "DYING 4 YOUR LOVE"
Watch the singer-songwriter dazzle in diamond jumpsuits in an intergalactic music video for her latest single.