The U.S. Chamber of Commerce Foundation and American Express have announced that the Coalition to Back Black Businesses (CBBB) is now accepting applications for its 2022-23 grant program, which will provide $5,000 grants to 272 Black-owned small businesses to help them meet critical needs and invest in long-term growth. Eligible business owners can apply for the grant online here; the deadline to apply is September 6.
The CBBB is a multi-year initiative created by the U.S. Chamber Foundation and American Express to support the long-term success and resilience of Black-owned small businesses. The program is a first-of-its-kind collaboration with four leading national Black business organizations – National Black Chamber of Commerce, National Business League, U.S. Black Chambers, Inc., and Walker’s Legacy. To date, the CBBB has awarded more than $6.4 million in grants to 1,091 Black-owned small businesses in 40 states to help fund essential expenses such as payroll, utilities, and expanding or replacing inventory, among other needs.
“The funding and mentorship opportunities this program offers are crucial to helping small employers adapt to the ever-evolving landscape of running a business,” said Carolyn Cawley, President of the U.S. Chamber Foundation. “We’re proud to work with our coalition of partners to build on the impact we’ve made over the last two years and support the continued growth of America’s Black-owned small businesses.”