Beyoncé & BeyGOOD Team Up With NAACP To Provide Funding For Black Owned Businesses

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Beyoncé and her charity foundation BeyGOOD are stepping up during the coronavirus pandemic to help black owned businesses stay afloat during these trying times. 

The “Get Me Bodied” star has paired her organization with the NAACP to launch the Black-Owned Small Business Impact Fund, which was announced in a statement on Thursday.

“The challenges of Black business owners navigating in the climate cannot be understated, as the effects of uprisings across the nation have led to many businesses being placed in dire straits due to damages and other small business needs,” the NAACP said in a statement.

The program will provide $10,000 grants that “will be offered to Black-owned small businesses in select cities to help sustain businesses during this time,” according to the NAACP website. 

The application for the grant opened on July 9th and will remain open until July 18th. Once the application closes, all applicants will be reviewed, a process that will take place from July 20th to July 29th. Those selected will be posted on Beyonce.com on July 30th.

Applicants must either be a “Black-owned small business owner” or be able to “provide property damage or replacement estimates” in order to qualify for the grant and must be located in Houston, Atlanta, New York, Los Angeles, and/or Minneapolis, which are some of the hardest hit cities for either coronavirus, social injustice protests, or both. 

If you believe that your business is a good candidate for the grant, you may apply here: https://naacp.org/black-owned-business-impact-fund/

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