Some good news is on the horizon for our city’s many minority-owned businesses, which have been hit hard by the pandemic. Come March 1, Black, Indigenous, and People of Color-owned small businesses in Houston will be able to apply for a $10,000 grant through The Comcast RISE Investment Fund—100 BIPOC businesses will be awarded these grants to help stay afloat.
The grant program is a collaborative effort between community leaders, the Comcast Corporation, and Mayor Sylvester Turner. It’s also a part of a larger $5 million fund that Comcast introduced in October 2020 to prioritize BIPOC small businesses affected by the pandemic and its devastating economic toll. Five cities—Houston, Atlanta, Chicago, Detroit, and Philadelphia—have each received $1 million to dole out in the form of $10,000 grants. The corporation has also granted over $2 million to community-based organizations in these cities, with money going to numerous nonprofits here in Houston—the Houston Hispanic Chamber of Commerce, Greater Houston Black Chamber, Asian Chamber of Commerce, and Greater Houston LGBT among them.
BIPOC-owned businesses that have been around for over three years and have at least one to 25 employees located in Harris and Fort Bend counties may apply. Applications will be accepted March 1–14. The grants will be announced in April and awarded in May.
"The City of Houston knows the pandemic has created challenges for many small businesses, especially minority-owned businesses, and we continue to do everything we can to help them survive until things get better,” Turner announced in a press release earlier this month. “The Comcast RISE Investment Fund will ensure that 100 small businesses that exist today continue to exist tomorrow.”
Head to comcastRISE.com for more information or to apply.