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Beyoncé, BeyGood, and NAACP Black-Owned Small Business Impact Fund

BET Awards 2020 - Beyonce accepting award. (Photo: BET)

A significant amount of financial damage has been done due to COVID-19 and Beyonce in partnership with her philanthropic organization BeyGOOD and the NAACP announced their Black-Owned Small Business Impact Fund grant campaign.

“Over the last couple of months, the pandemic and outpours for justice throughout the Black community and across the country have been felt in every imaginable area of our lives, including in how our local businesses continue to operate,” the NAACP website adds. “The challenges of Black business owners navigating in the climate cannot be understated, as the effect of uprisings across the nation has led to many businesses being placed in dire straits due to damages and other small business needs.”

There will be a number of $10,000 grants awarded to Black-Owned businesses hit hard by the pandemics. Grants will be provided to businesses in Houston, Atlanta, New York, Los Angeles, and Minneapolis. To apply, entries must be a Black-owned small business and will need to provide property damage or a replacement estimate, the guidelines read.

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