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There is no secret about some of the historical challenges that communities of color have faced in the United States. People of color have documented accounts of the hurdles that can impede success, particularly around wealth and ownership. However, none of that stopped the thousands of business owners and innovators from being successful despite the challenges. To copy the words of Atlanta-based HBCU Clark Atlanta University , people of color continue to “find a way or make one.” Regardless of the grit and hustle it sometimes takes to overcome policies and systems designed to hinder success, business owners of color persist. Some of this persistence comes from the assistance of individuals and organizations that recognize the struggle and are willing to be more than allies. They are looking to be accomplices.
Coalition to Back Black Businesses (CBBB), co-founded by the U.S. Chamber of Commerce Foundation, American Express, and four leading national Black business organizations – announced 491 Black-owned small businesses across 39 states were each awarded a $5,000 grant as part of a multi-year grantmaking and mentorship initiative. The recipients will be eligible to apply for enhancement grants of $25,000, which will be provided to a select number of 2021 grantee recipients in July 2022. The CBBB was formed in September 2020 to address the needs of businesses impacted by the pandemic and support their long-term growth. Since its launch, CBBB has awarded grants to more than 1,000 Black-owned small businesses. “From nationwide supply chain disruptions to worker shortages, Black small business owners are facing new and daunting challenges brought on by the pandemic,” said Carolyn Cawley, president of the U.S. Chamber of Commerce Foundation. “The strength of our economy depends on the...