The Truist Foundation has announced a $1.25 million commitment to the the Nashville Business Incubation Center (NBIC), a nonprofit focused on cultivating the growth and development of local small businesses owned by women and veterans.
According to the news release, the grant will provide tools, training, mentorships, and curriculum support to NBIC’s “RISE UP Academy,” which works directly with women-owned businesses. The funding will also support NBIC’s expansion to Huntsville and Birmingham, AL; Louisville, KY; and other rural communities in Tennessee.
“Truist Foundation is committed to generating systemic change to support small business owners from underserved communities,” said Truist Foundation Lynette Bell. “The work of NBIC provides essential training and ongoing support, especially to women entrepreneurs, creating opportunities for underserviced communities in Nashville.”
The $1.25 million grant is part of Truist’s recent announcement to commit $120 million to strengthen and support small businesses nationally, with a focus on women and diverse business owners.