Elevate Together™ Initiative Raises Nearly $2.3 Million in First Year to Foster Growth and Profitability for Black- and Hispanic-Owned Small Businesses
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Tuesday, February 15, 2022
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In 2021, 89 Black- and Hispanic-owned small businesses were awarded cash grants, valued at $5,000 or $10,000, to help them continue to innovate, grow and prosper.
Key Points:
- In 2021, 89 Black- and Hispanic-owned small businesses were awarded cash grants, valued at $5,000 or $10,000, to help them continue to innovate, grow and prosper.
- Selected businesses were chosen based on established criteria created by local selection committees and were evaluated based upon their proposed business plans.
- Certified mentors from The Venture Mentoring Team were also paired with many of these small businesses to provide advisory support and help guide them on their entrepreneurial journeys.
- Through a partnership with the National Urban League and the U.S. Hispanic Chamber of Commerce, the initiative delivers education, access and aid to Black and Hispanic small businesses.