Supports Black-Women Owned Small Businesses During COVID-19
This year, the global impact of COVID-19 has hit all businesses but has been especially destructive to Black-owned small businesses. At the beginning of February 2020, there were more than 1 million Black-owned businesses in the U.S. but by mid-April, 440,000 or 41% of those businesses had shuttered. By comparison, 17% of white-owned businesses closed during the same period.
Black women are starting and maintaining businesses at a faster rate than any other group in America and McBride Sisters Collections, Inc. has pledged $100,000 to help entrepreneurs make the necessary business adjustments to sustain and propel growth during the age of COVID-19 through access to capital and business advice. McBride Sisters Collection is also seeking support from the corporate community in this urgent endeavor.
“We’ve built our personal value system on sisterhood, empowerment, tenacity, and economic education.” Andréa McBride John, Founder and CEO of McBride Sisters Collections stated. “We need to support our community by providing access to capital to help protect the fastest growing economy in America, Black-women owned businesses,” added Robin McBride, Founder and President of McBride Sisters Collections.
The #SheCanThrive2020 grant program will help scale qualifying Black-women-owned businesses with a $10,000 investment towards some of the areas of entrepreneurship that Black women find to be most challenging to fund, including technical support, digital marketing, branding and inventory.
To qualify for a #SheCanThrive2020 grant, women will need to own a small business, complete the grant application, and present an idea of what they need to do to thrive after the effects of the coronavirus closures and how funds will be put to use.
For more information on how to apply, please go to mcbridesisters.com or contact #SheCanThrive2020 at email@example.com.
Source: The McBride Sisters