Facebook is dedicating over $40 million of their $100 million investment in the Black community in the US to ~10,000 U.S Black-owned businesses. This includes cash and ad credits to support Black-owned small businesses. The program is accepting applications until August 31st at 6pm Pacific Time.
Questions? Please contact [email protected]
Application website: https://www.facebook.com/blackownedbusinessgrants
Message from Facebook:
- Grants to Support the Black Community: Earlier this summer, we committed an additional $100 million investment to support Black-owned businesses, creators and non-profits in the US. Of that, we’re allocating $40 million in grants to support 10,000 Black-owned businesses in the US. Starting today, any majority Black-owned business with 50 or fewer employees can apply for a grant. We know every day counts, so we’re partnering with Accenture and the Association for Enterprise Opportunity (AEO) to get these grants to Black-owned businesses quickly. Businesses can visit facebook.com/BlackBusinessGrants for more details about the program and how to apply.
- Discover Black-Owned Businesses: While capital is important, so are in-product updates. Black entrepreneurs, small businesses and local shops can now get discovered in a privacy-protected way on Facebook. We’re making it possible for people to identify their Page as a Black or minority-owned business on Facebook, so anyone who wants to support them can do so easily. Diverse business categories will be associated with business Pages, not people. The best way to find Black-owned businesses is in the Businesses Nearby tool, where you can browse offerings and click through to message them directly. Self-designation is completely voluntary – Page Admins can choose to skip, edit or remove diverse-owned business information at any time.
We’ve also launched a Resource Guide for Black Business Owners and Entrepreneurs that has additional educational programming, grant information, and additional resources for Black business owners.
To learn more about these efforts, please read our blogpost.