Beyonce’s BeyGOOD foundation to provide additional $1 million in funding for Black-owned small businesses impacted by COVID-19

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(Last Updated On: September 6, 2020)

Photo credit: BET.com | Image credit: BeyGOOD.com

With the need for support still great for small businesses in the U.S. impacted by the COVID-19 pandemic, Beyoncé, in partnership with the NAACP, recently announced that an additional $1 million will be awarded in a second round of funding to provide support to small businesses.

In the first round of funding, three Houston-area small business owners, including a preparatory daycare and pre-school, a hostel, and a farm in Houston’s Third Ward, were among the recipients of grants made available through the economic empowerment partnership.

The initiative, called The Black-Owned Small Business Fund, was launched earlier this summer to provide $10,000 grants to hard-hit small businesses in select cities, including Houston, Los Angeles, Atlanta, New York, and Minneapolis.

No stranger to philanthrophy, Beyoncé has been a force for good through her foundation through the years and has partnered with numerous organizations to provide support and compassion to countless efforts, including the BeyGOOD Houston initiative that responded to the needs of victims of Hurricane Harvey.

Stay tuned for an announcement on the Bey Good and NAACP websites in September when small businesses will be able to apply for the next round of grants.

Beyonce’s BeyGOOD foundation to provide additional $1 million in funding for Black-owned small businesses impacted by COVID-19