We Back Black Businesses Com (Sep 2020) Some Facts. >> This article introduced you to a coalition, launched to help the small business owned by black communities.
This corona pandemic has hit some of us very badly, especially to small businesses. A significant downfall in noticed in the affected countries’ economy has also directly or indirectly hit all of us.
We have mentioned about an initiative in the United States, which would help the Black Communities to grow back, and have a settled business again.
We Back Black Businesses comis a coalition to back black businesses. The motive behind this is to support black business owners and their communities to help them recover the losses they have faced due to Covid 19.
We have mentioned some facts about the same below, which will clarify how it will work, how long it will continue, who all are eligible for it, and all the other necessary facts.
Scroll down to get more info.
What is the motive behind We Back Black Businesses com?
Small businesses are the strength of the communities and the country. Thus, We Back Black Businesses com is an initiative by the United States in which various other organizations and sectors will come together to help the black community.
These organizations include the National Black Chamber of Commerce, U.S Black Chambers, National Business League, Inc., U.S Chamber of Commerce and Foundation, and many others. They will work together for the upcoming four years to provide $10 million to the black community and some resources and training to strengthen their businesses.
How will We Back Black Businesses com work?
Their main motive behind We Back Black Businesses comis to provide grants to the black community to help them regenerate their businesses. They will distribute the amount of $5000 to 280 applicants or more from 2020 to 2023.
Also, some other communities have joined the same-named American Express and the Altice USA.
Who all are eligible for We Back Black Businesses com?
One must be the owner of Black Owner Small Business owning 51% or more in the firm, with at least 3-20 employees, including part-time, full time, and independent contractors.
Who are all excluded from being a part of We Back Black Businesses com?
Businesses whose more than 25 stores are a part of any franchise brand or more than 250 stores on the total are not eligible for We Back Black Businesses com.
Any NGO, Government agency, public administration, or any business involved in any illegal activity is also exempted. Gas Stations, shopping property management companies, travel agencies, private clubs, industry engaged in teaching, instructing are also excluded.
Thus, one can check out for the same in the link attached: https://webackblackbusinesses.com/.
How can businesses apply for We Back Black Businesses com?
One must provide the business name: contact email, mobile number, business zip code, and the industry details in the collection form. The person applying will also be asked if their business is affiliated with any of the national partners or women affiliated.
The applicant must fill all these details in the submission form for further processing from We Back Black Businesses com.