Beyonce 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 for business owners “in select cities to help sustain business during this time”.
To qualify for the grants, you must be a Black small business owner living in Houston, Atlanta, New York, Los Angeles or Minneapolis, and be able to provide a property damage or replacement estimate. Submissions will be accepted until July 18 and will be reviewed between July 20-29.
Those who have been selected to receive a grant will be notified on July 31 via Beyonce.com.