Comcast RISE is offering grants of $5,000 each to 500 small businesses in five regions.
All small businesses in Atlanta, Houston, Jacksonville, Florida, Richmond, Virginia, and southern Colorado can apply fo r $2.5 million in funding. Black-owned small businesses are among them. The grant package include business consultation, educational resources, and a technology makeover.
Businesses can apply from May 1 through May 31. Businesses can get more details here.
Now in its fourth year, Comcast RISE reports it has awarded 13,500 small businesses over $125 million in monetary, marketing, and technology grants. The new grants will be announced in August 2024.
Loren Hudson, senior vice president and chief diversity officer at Comcast, said, “Small businesses are the backbone of our economy and are essential to building strong and thriving local communities. Comcast RISE is proud to help strengthen and empower these small businesses and entrepreneurs expand and grow.”
Insufficient or expired capital is a significant operating hurdle for emerging and mature small businesses. One report showed that 76% of Black entrepreneurs said access to capital was a challenge.