The Coalition to Back Black Businesses is a multi-year initiative to support Black small business owners and the communities they serve as they recover from the COVID-19 pandemic and chart a path forward. Small businesses are critical parts of communities – the strength of these businesses is essential to the recovery of their communities.
Through the Coalition, American Express, the National Black Chamber of Commerce, National Business League, U.S. Black Chambers, Inc., Walker’s Legacy, and the U.S. Chamber of Commerce Foundation, will work together over the next four years to provide $10 million in grants, training, and resources to empower Black-owned small businesses in distressed communities that have long been struggling with economic growth.
From 2020 through 2023, we will distribute $5,000 grants to more than 280 applicants each fall. We hope these grants can provide some assistance to the Black-owned business community to emerge from this crisis stronger than ever. We know the need for assistance is great, and we wish we could help everyone who needs it.