Uber and Visa Launch $1 Million Grant Program to Fund Minority-Owned Small Businesses

Aiming to help small businesses, including women and minority-owned ones, Uber and Visa are launching a new program to help those firms get through difficult events.

More precisely, the program, Grants For Growth, will supply $1 million in grant funding to small businesses in 10 U.S. cities that are now active on Uber Eats, based on a news release. It will be led by Local Initiatives Support Corporation  (LISC), centering on restaurant recovery and entrepreneurship.

The grants can be used for several urgent needs, including payroll, vendor debt, and upgrading technology infrastructure among them. Restaurants active on Uber Eats since Jan. 1 in AtlantaChicagoLos AngelesWashington DCMiamiDetroit, the NYC metro/New Jersey area, the San Francisco Bay AreaPhiladelphia, and Boston can apply for the program. Criteria used will give preference to veterans, minorities, women, and LGBTQIA  business owners. See eligibility criteria here. 

The support comes as some eateries have been hammered with abrupt events.

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SOURCE: Black Enterprise, Jeffrey McKinney