The Comcast RISE Investment Fund provides monetary grants to help small businesses owned by people of color (POC) or women grow as they navigate the challenges of the pandemic.
The Investment Fund is an extension of Comcast RISE (Representation Investment, Strength, and Empowerment ), the multi-year multi-faceted initiative launched in 2020 to provide small businesses owned by POC or women the opportunity to apply for marketing and technology services from Comcast Business and Effectv , the advertising sales division of Comcast Cable. Comcast RISE has also partnered with Ureeka to provide grant recipients with business coaching to help build skills focusing on company foundation, growing customers, and financial stability. Ureeka's Growth Center provides an all in one view of key growth indicators for an entrepreneur s website.
Comcast RISE is part of a larger $100 million Diversity, Equity and Inclusion initiative that Comcast launched in June 2020. Comcast NBCUniversal announced the development of a comprehensive, multi-year plan to allocate $75 million in cash and $25 million in media over the next three years to fight injustice and inequality against any race, ethnicity, gender identity, sexual orientation or ability.
GRANT DETAILS
500 grants totaling $5 million will be distributed as follows:
- 100 small businesses in each city
- Each business will receive a $10,000 monetary grant
- Application pe r iod is June 1-14, 2022
- Grants will l be announced at the end of July 2022 and awarded in August 2022
- Applications will be available online at: www.ComcastRISE.com
GRANT ELIGIBILITY
Businesses must:
- Be established business operations for 3 or more years
- Have one to 25 employees
- Be in the following geographic locations to be eligible:
- Atlanta (Clayton, Cobb, DeKalb, Fulton, and Gwinnett Counties);
- Detroit (City of Detroit including Hamtramck and Highland Park);
- Pittsburgh (Allegheny County);
- Philadelphia (Philadelphia County);
- Twin Cities (Anoka, Carver, Dakota, Hennepin, Ramsey, Scott, and Washington Counties);
- For the full list of eligibility details visit: www.ComcastRISE.com