Beyoncé launches grants for Black-owned businesses with BeyGOOD foundation

nme.com:

Beyoncé has launched a new fund to give Black-owned businesses grants through her BeyGOOD foundation.The fund has been started in collaboration with the National Association For The Advancement Of Colored People (NAACP).The Black-Owned Small Business Impact Fund will provide grants of $10,000 (£7,923) for business owners “in select cities to help sustain business during this time”.“Over the last couple of months, the pandemic and outpours for justice throughout the Black community and across the country has been felt in every imaginable area of our lives, including in how our local businesses continue to operate,” a statement on the NAACP site read.“The challenges of Black business owners navigating in the climate cannot be understated, as.