As part of the NAACP’s ongoing commitment to the sustainability of Black businesses and economic empowerment for communities of color, we are proud to partner with two prominent organizations to provide support for Black businesses that have fallen on tough times in recent months.
NAACP x BeyGOOD
The NAACP is delighted to administer a meaningful program in partnership with BeyGOOD’s Black-Owned Small Business Impact Fund to assist our small business communities that have been directly impacted by the recent events across the country. The grants in the amount of $10,000 will be offered to Black-owned small businesses in select cities to help sustain businesses during this time.
NAACP x DiversityCapCo
Diversity Capital Company, LLC (DiversityCapCo), a subsidiary of NexTier Companies, LLC, and the NAACP are proud to announce the formation of an economic empowerment platform powered by DiversityCapCo. The goal is to deploy between $500 million to $1 billion over the next five to seven years in the minority business community by developing and staffing an outreach campaign in the largest 25 cities, and surrounding regions, in the United States in collaboration with the NAACP field offices. One of the immediate initiatives of this joint venture is to support small business owners in applying for the Paycheck Protection Program (PPP). Learn more about and apply for the PPP through DiversityCapCo before the August 8 deadline.
