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How to Tap the New $10 Million Grant Program for Black-Owned Small Businesses

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If you're a Black business owner and have experienced hardship as a result of the pandemic, a new grant program can offer you some extra cash--but you'd better act fast.

The deadline to apply for the program, from American Express, is September 21. The new effort, dubbed the "Coalition to Back Black Businesses," is offering eligible businesses $5,000 in grant funding and training programs worth up to $10 million over the next four years. It was created in partnership with business groups including the U.S. Black Chambers, the National Business League, the National Black Chamber of Commerce, as well as Walker's Legacy, a global women-in-business collective.

The effort is much needed, as Black-owned (as well as Latinx-owned) companies were some of the hardest hit by the coronavirus and the ensuing business shutdowns. Broadly speaking, Black-owned businesses........

© Inc.com

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