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Black-Owned Small Business Impact Fund
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Beyoncé’s nonprofit organization BEYGOOD and the NAACP partnered this summer to launch their ow n Black-Owned Small Business Impact Fund. Now after over 17,000 entrepreneurs have applied for the grant program, one lucky business has announced themselves as one of the recipients. In an announcement via Instagram, The Gift — a natural health and wellness company that was founded in 2018 — received a grant value of $10,000 from BEYGOOD and the NAACP’s joint venture. The wellness company shared the news in an Instagram Post where they explained how the generous grant will help them grow and expand their business. View this post on Instagram A post shared by The Gift (@completelygifted) “We are so humbled and grateful to be selected out of 17,000 applicants for a grant from the Queen Bee herself, Beyoncé and BeyGOOD in partnership with the NAACP!” the post stated. “The grant is helping us re-launch our new sustainable packaging, launch a new website, and our education platform...
Beyoncé and BeyGOOD initiative have teamed up with the NAACP to establish the Black-Owned Small Business Impact Fund, the organizations announced . The financial reserve will give $10,000 grants to small business communities directly impacted by the global pandemic. BeyGOOD announces The Black-Owned Small Business Impact Fund, administered by @NAACP assisting small business negatively impacted by recent events. https://t.co/cXwNUDOl7A pic.twitter.com/Ok1qPpEyGY — BeyGOOD (@BeyGood) July 9, 2020 “Over the last couple of months, the pandemic and outpours for justice throughout the Black community and across the country has been felt in every imaginable area of our lives, including in how our local businesses continue to operate,” the press release reads. “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...