A total of $1 million in grants will be awarded among 100 small businesses owned by people of color in D.C. through the Comcast RISE Investment Fund, along with other mentorship resources to “help businesses succeed over the long-term,” the company announced Monday.
Each $10,000 grant will be awarded to Black, Indigenous, Hispanic and Asian American owners, among others, in the District. Eligible businesses will have been open at least three years and employ no more than 25 employees.
The program has more grants available for businesses in Chicago, Miami, Oakland, and Seattle. Visit ComcastRISE.com to apply for a grant and see recipients from the first round of selections in D.C. Applications for the 2022 program will be accepted from Oct. 3 to Oct. 16.
As part of an effort to help local entrepreneurs “not just survive, but thrive,” Comcast RISE has also partnered with an online platform for entrepreneurs called Ureeka to provide “grant recipients with business coaching to help build skills in company foundation, growing customers and financial stability.”
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Businesses can also apply for support in marketing services and technology makeovers.
Comcast NBCUniversal awarded $1 million to D.C. small businesses in November 2021.
“Entering our second round of the Comcast RISE Investment Fund in D.C., we have seen firsthand how impactful these funds can be for small businesses owned by women and people of color in the city,” said Michael Parker, Senior Vice President of Comcast’s Beltway Region. “We are proud to strengthen our commitment to the Washington D.C. small business community and ensure underrepresented entrepreneurs have access to the funding and digital tools they need to thrive.”
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Disclosure: Comcast is the owner of NBCUniversal, the parent company of NBC Washington.