Grants For Start Up Black Businesses – Small Business Home Business News and Trends Eligible black businesses can receive up to $2,500 in grants from Kinetic Business
Windstream’s Kinetic Business has announced that it will provide additional funding and support to black-owned businesses, this time targeting any business in the Kinetic region. Eligible businesses can receive grants of up to $2,500, along with one year of free online services and free business consulting, to explore potential products and services that can increase productivity. Grants will be awarded on a first come, first served basis and will continue until funds are depleted.
Grants For Start Up Black Businesses
New or established businesses must be placed in the Kinetic Business service area. They must also be Kinetic Broadband internet customers. Other requirements include:
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Kinetic Business offers world-class broadband and managed solutions in 18 regions. The company launched a Black Business Support Fund in 2020, giving a total of $300,000 in grant money through the program.
“When we launched this fund, the pandemic had a negative impact on black-owned businesses across the country, so the grants kept the doors open for our neighbors’ businesses,” said Lorenzo Clark, Kinetic’s vice president of digital marketing. and chairman of the Windstream Black Professional Networking Committee. “Now that things have stabilized a bit, these grants help grow businesses that are often underfunded.”
“It’s so exciting to be the kind of partner that not only supports other businesses in our service area, but also lifts the entire community up so everyone can succeed and pursue their dreams,” Clark said.
Kinetic Business’s website states that in a typical year, black business owners are two and a half times more rejected for loans from traditional sources than white business owners.
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“Without support and access to capital, these businesses are at great risk,” its website reads. The following is a quote from Clark: “We want to do our part to sustain this important economic sector in the communities we serve.”
Full Eligibility Requirements for Grants are available here. Interested applicants can apply by contacting Kinetic Business at (866) 445-5930.
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If you disable this cookie, we will not be able to save your preferences. This means you will need to re-enable or disable cookies each time you visit this website. Amazon’s new Black Business Accelerator provides access to financing, business guidance, training and marketing support to help black businesses succeed as sellers in the Amazon store. provides. .
Amazon is launching a Black Business Accelerator (BBA) to help create sustainable equity and growth for black-owned businesses. Openly addressing the barriers to access, opportunity and advancement of organized racism in America, the initiative was created in collaboration with our Black Workers Organization and a coalition of good partners.
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BBA aims to increase economic equity in Black-owned businesses and provide them with resources to thrive as entrepreneurs and business leaders. We invite black businesses to explore and participate in this program that provides financial support, business training and mentoring, marketing and promotion of their brands and products as third-party vendors in our store.
Black entrepreneurs have less access to capital, education and growth opportunities. They are also underrepresented in stores. According to the U.S. Census Bureau, only 6 percent of U.S. retail businesses are black-owned, although black Americans represent 14 percent of U.S. adults.
Black owned businesses have also been disproportionately affected by the COVID-19 outbreak, according to the U.S. Small Business Administration. That’s why we’re committing $150 million over the next four years to help thousands of black-owned businesses reach hundreds of millions of customers and become successful sellers on Amazon. Third-party sellers on Amazon (almost all small and medium businesses) represent around 60% of product sales in our store and are poised to see record sales growth in 2020. We want more black-owned businesses to enjoy this success.
Amazon BBA will provide access to financial assistance, strategic business guidance and consulting, as well as marketing and advertising support to help existing and aspiring small businesses grow their businesses and expand their sales opportunities on Amazon.
Applications For Amazon’s Black Business Accelerator Open July 1
We are proud to have strategic partners working with us on this initiative, including the Minority Business Development Agency and the USA. Black Rooms, Inc. (USBC). These organizations will lead BBA’s community engagement and help us provide participants with training, business development, coaching and training resources to empower their success. Our partners will continue to advise us as we develop the BBA based on their deep experience in supporting black businesses. They will also assist us in creating similar programs for other underrepresented business owners. We hope to welcome more partners and consultants in the future.
US President and CEO Ron Busby Sr. Black Chambers, Inc., “We applaud Amazon’s leadership in responding to the racial inequality that has led to the closure of so many Black businesses during the violence. The financial, educational, and advisory services Amazon will invest through Black Business Accelerator, USBC, and businesses connected to Black entrepreneurs will only survive.” It will enable them not only to stay but also thrive as they adapt to work in a post-pandemic world.”
Selling on BBA and Amazon unlocks a powerful and proven economic engine that allows entrepreneurs to develop their products and sell them to our more than 300 million customers worldwide. We know customers appreciate the wide product range and variety these businesses have to offer, and we’re excited to see what these new retailers bring.
Over the past few months, we’ve explored the benefits of BBA and other black businesses that already sell in our store, to better understand how we can best support them, and to use what we’ve learned to improve and ensure BBA. value. Here’s what some pilot participants had to say about the program and selling on Amazon:
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“Amazon provides an opportunity where everyone is welcome and the door is open. We have gained access to a large customer base giving us the opportunity to present our new products directly to millions of potential customers. We rely on honest reviews and feedback coming in.”
“Since signing up for the Black Business Accelerator pilot program, I’ve been able to improve my listings through strategic optimization, photography resources, and building brand awareness using marketing tools.”
“Through this program, we have a partner who helps us better understand how to use Amazon’s tools and analytics to increase our sales and help me connect with business customers.”
We’re excited to embark on this journey to invite more black-owned businesses to Amazon’s retail opportunities. We are very optimistic about its potential to help them create wealth for themselves, their employees and their communities. To learn more about participating in the program, visit sell.amazon.com/bba. The reason for our grants was to see and hear about the tremendous impact of COVID-19 on People of Color, Black, Indigenous or Colored. We would like to offer some of our knowledge and time to help. Although this is a business site, we strive to help other business owners through our grant program. To support this goal, we have disabled our traditional calls to action/contact forms on offer pages and replaced our traditional header images. We don’t want your money. We want to help you make more money.
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Jovan has worked to develop websites for big companies like Shutterfly, Uber, and Stitch Fix. Worked on at least 220 websites in +50 businesses and services in 5 countries. You are linked.
Driving organic traffic to search engines can be a great way to support or grow your business because it can consistently bring people interested in your products or services to your website for free. There may be no better time than this period of Covid-19 severity to try increasing organic traffic. We will help. The program aims to support black and minority-owned businesses by providing free SEO assessments, advice, and planning.
There is currently no limit to the number of potential marketing grant recipients per month. Grant recipients will be selected on a rolling basis. There is no deadline for application.
Update: Unfortunately the cash portion of this grant is no longer available. Fortunately, I found a way to support many businesses very quickly with marketing support.
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Winner: The winner of the marketing grant will be chosen based on how much we think we can help.
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