Diverse Houston-area small businesses and non-profit organizations have an opportunity to apply for grants thanks to a new portal.
This week, theannounced the launch of the Open For Business grant portal, which will distribute $20 million in grants to an estimated 500 small businesses.
"We are providing access to much-needed funds for Houston’s small businesses of color and non-profits that focus on leveling the playing field. It will empower their work, allow them to thrive, extend their reach, and support innovation," said Mayor Sylvester Turner, who joined the Houston Fund for Social Justice and Economic Equity and Wells Fargo to announce the portal.The
will distribute the funding in the form of grants over a three-year period towards the purchase of property, equipment, and other tangible assets, supporting economic development in underserved communities.Applicant’s business or 501c3 non-profit must be located in the Houston-areaMust have been established by December 31, 2021The grant portal opens on Tuesday, Aug. 9 at 9 a.m. and closes on Tuesday, Aug. 23 at 11:59 p.m. CST.
The $20 million in grants comes from Wells Fargo’s Open for Business Fund, a roughly $420 million national small business recovery effort with a "focus on racially and ethnically diverse small business owners, who have been disproportionately affected by the pandemic."
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