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Connie Evans

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Capital One Is Donating $10K Grants To Create A More Hopeful Future For Black-Owned Business

Capital One will continue to support underserved communities. The banking service will build on its $200 million multi-year commitment by contributing an additional $10 million to existing and new partnerships. The funding aims to close gaps in equity and opportunity to foster growth for underserved communities. Recipients of the new funding include African American Alliance of CDFI CEOs, Vera Institute of Justice, United Negro College Fund, finEQUITY, Local Initiatives Support Corporation, Black Girl Ventures, and Jobs for the Future. In addition, Capital One will target funding toward Black-owned businesses. The contribution will be timely as various Black businesses experienced financial droughts during the peak of the pandemic. Capital One will partner with the Association for Enterprise Opportunity to create the Capital One Business grant program. Business owners will receive $10,000 grants through the program and access to free resources to propel their business through...

Samantha Dorisca

Feb 8, 2022