Title: Comcast RISE to Award $5 Million in Grants to BIPOC-Owned, Small Businesses | Business Wire
Headings: Comcast RISE to Award $5 Million in Grants to BIPOC-Owned, Small Businesses
Comcast RISE to Award $5 Million in Grants to BIPOC-Owned, Small Businesses
Eligible businesses in Atlanta, Chicago, Detroit, Houston and Philadelphia can apply for $10,000 grants.
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Content: “The data is clear. Business owners of color are historically disadvantaged when accessing capital. Now more than ever it is important to invest in these small businesses, especially those in markets such as Atlanta, Chicago, Detroit, Houston and Philadelphia who have seen significant economic impact from the pandemic,” said Connie E. Evans, CEO and president of the Association for Enterprise Opportunity (AEO). “ We are excited to be able to partner with Comcast to support the communities in which we both serve. This financial boost from Comcast comes at a pivotal moment as we near a year of businesses altering models, pivoting plans and fighting to stay open.” In addition to the investment fund, Comcast RISE, which stands for “Representation, Investment, Strength and Empowerment,” provides the opportunity for BIPOC-owned, small businesses nationwide to apply for one or more of the following support focus areas for the opportunity to receive one. Over 700 recipients were announced in November, with the next wave of recipients to be announced in March 2021. Marketing Services: The following services from Effectv, the advertising sales division of Comcast Cable, and its creative agency, Mnemonic, are designed to help recipients with their marketing and media campaigns, including: Media: