A new round of cities will receive grants from the Comcast RISE Investment Fund, providing an additional $5 million dollars to small businesses owned by people of color, including Black, Indigenous, Hispanic, and Asian American owners, & women.
Donor Name: Comcast RISE
States: Michigan, Pennsylvania, Minnesota, Georgia
Counties: Selected Counties
City: Selected Cities
Type of Grant: Grant
Deadline (mm/dd/yyyy): 06/14/2022
Grant Size: $10,000
Details:
Funding Information
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
Eligibility Criteria
To be eligible to apply, companies must meet the following criteria:
- Operate in (1) of these geographies (as defined by Comcast via zip codes) in the United States:
- Atlanta: Clayton County, Cobb County, Dekalb County, Fulton County, and Gwinnett County
- City of Detroit including Hamtramck, MI, and Highland Park, MI
- Pittsburgh: Allegheny County
- Philadelphia: Philadelphia County
- Minneapolis-St. Paul: Anoka County, Carver County, Dakota County, Hennepin County, Ramsey County, Scott County, and Washington County
- Be owned by an individual eighteen (18) years of age or older as of the start of the Program Period that also meets the following eligibility requirements:
- Owner identifies as a person of color including Black, Indigenous, Hispanic, and Asian American among others or a woman;
- Person who owns the business is the primary decision maker for, and has been actively engaged in the day-to-day operations of the business;
- Owner owns at least 51% of the equity of said business;
- Business is independently owned and operated and not a franchise location;
- Business has been actively operating for at least three (3) years;
- Business does not fall into any of the following categories:
- Non-profit;
- Chamber of Commerce (can be a member but not an actual Chamber of Commerce);
- Public or private education provider that participates in the E-Rate Universal Service Program;
- Church or Religious Organizations including nondenominational ministries, interdenominational and ecumenical organizations, and organizations whose main purpose is to study or advance religion Political advertiser;
- Any business related in any way to the growing, marketing, sale, distribution, or use of marijuana or related products;
- Manufacturer or retailer of drug paraphernalia;
- Virtual MVPD;
- Internet Service Provider;
- Gun manufacturer or retailer;
- Fireworks manufacturer or retailer;
- Tobacco/vape manufacturer or retailer;
- Illegal products or services provider;
- Adult entertainment company, including, but not limited to gentlemen’s clubs, adult toy stores, adult magazines, and adult programming services.
- Business employs less than or equal to twenty-five (25) employees (including full-time and part-time employees);
- Employees of Comcast Corporation, and each of its respective parents, affiliates, and subsidiaries are not eligible to enter or win; and
- Only one submission per business owner;
- Business owner has no prior felony convictions, tax-related convictions, or child support delinquency convictions;
- Applicant may not currently be serving (either in a full-time or part-time capacity) as a federal, state, or local government or quasi-government official or employee;
- Business or business owner who has previously received a Comcast RISE Investment Fund monetary grant is not eligible.
For more information, visit Comcast RISE.
