Skip to content
  • Thursday, July 7, 2022
nexistente

nexistente

Delighting business buffs

  • Business Opportunities
  • Business Development
  • Business World
  • Business Supply
  • Business Center
  • Business Plan
  • About Us
    • Advertise Here
    • Contact Us
    • Privacy Policy
    • Sitemap
  • real estate school jacksonville fl
  • Home
  • Small business grant allows Burnsville beauty supply store to stabilize, grow
Business Supply

Small business grant allows Burnsville beauty supply store to stabilize, grow

May 21, 2022
magenet


Henrietta Smaller thought the time was right last year to open a storefront for her online hair and beauty supply business for people of color.

She knew those products were in short supply throughout the Twin Cities because of some stores not making it through the pandemic and others damaged during the civil unrest following the killing of George Floyd in 2020.

A few months after she opened Stunning Beauty Supply in Burnsville, however, she realized she needed additional capital to sustain the business while building a customer base.

Related Posts:

  • The pressing challenges of post-pandemic supply chains

The money didn’t exist in her savings account, and she felt her credit score wouldn’t qualify her for a loan. Through online research, she found another option — grants for small business owners.

The stress was mounting for Smaller, who in addition to running her business as a solo operator was caring for her husband who had suffered a stroke.

She applied for several grants, including through Comcast. The Philadelphia-based telecommunications company offers $10,000 grants to businesses owned by women and people of color in the Twin Cities. She submitted her application two hours before the portal closed. Months later, at Christmas time, she was informed she was one of 100 recipients.

With grant money, Smaller was able to cover operation expenses, add shelves, bulk up her inventory, install a salon chair for hair braiding services and purchase a vehicle to allow for next-day delivery to local customers. She also funded marketing and advertising campaigns on Google and Facebook.

The Twin Cities is one of five metro areas targeted by Comcast for the initiative, which launched in late 2020 amid a social reckoning of racial disparities in America following Floyd’s murder in Minneapolis that year.

Since 2020, Comcast has awarded $11 million in grants, and it is providing $5 million more to fund businesses here, as well as Atlanta, Detroit, Pittsburgh and Philadelphia. More than 200 businesses in the Twin Cities have received grants through the initiative.

Through its Comcast Representation, Investment, Strength and Empowerment initiative, or RISE, the company is again offering $10,000 individual grants to 100 businesses in the Twin Cities. The window to apply is June 1-14. Businesses must be located in Anoka, Carver, Dakota, Hennepin, Ramsey, Scott or Washington counties.

Businesses that have been in operation for three or more years and have 25 or fewer employees are the focus of the fund.

“The Comcast RISE investment fund ensures that 100 small businesses that exist today continue to exist tomorrow,” Kalyn Hove, regional senior vice president for Comcast’s Twin Cities operation, said in a statement. “The pandemic has created challenges and we continue to do everything we can to help businesses in our community until things get better.”

Since Smaller received the grant money from Comcast last year, sales at Stunning Beauty Supply have increased. Smaller said she is also planning to transition into a new location.

“I would say 70 to 80 percent more people shop with us now,” Smaller said. “With the marketing help, more people are finding us.”



Source link

Tags: Amazon Business Credit Card, American Airlines Business Class, Att Business Login, Austin Business Journal, Best Bank For Small Business, Best Business Bank Accounts, Best Business Schools In Us, Best Business To Start, British Airways Business Class, Business Attire Men, Business Card Ideas, Business Casual Shoes For Women, Business Continuity Planning, Business Entity Search, Business Letter Template, Business Management Degree, Business Manager Facebook, Business Plan Outline, Business School Rankings, Colorado Business Search, Delaware Business Entity Search, Drop Shipping Business, Family Business Bet, Fox Business Live, Georgia Sos Business Search, Google Business Account, Harvest Small Business Finance, How To Build Business Credit, Is Saturday A Business Day, Is Sears Still In Business, Microsoft 365 Business, My Business Google, Name Generator Business, None Of Your Business, Ny Sos Business Search, Open A Business Bank Account, Pa Business Search, Plus Size Business Casual, Pnc Business Banking, Sos Business Search Ca, Sunbiz Business Search, Taking Care Of Business, The Business Of Being Born, Turbotax Home And Business 2020, Tx Sos Business Search, Venmo For Business, Verizon Business Plans, Virtual Address For Business, What Are Business Days, Women Business Casual

Post navigation

ammy virk: Ammy Virk’s ‘Aaja Mexico Challiye’ to release on February 25 | Punjabi Movie News
Make Money Renting Your Space?

Recent Posts

  • LITTLE CAESARS® COMBINES PARADISE, PIZZA AND PATRIOTISM, EXPANDING BUSINESS OPPORTUNITIES IN HAWAII
  • Baltimore Man Indicted on Charges He Faked PPP Loan and EIDL Loan Application
  • Let’s get personal
  • Driver suffering medical emergency crashes into Branson, Mo. business
  • Upwork Freelancer Guide to Making Millions and Building a Business

Categories

  • Business Center
  • Business Development
  • Business Opportunities
  • Business Plan
  • Business Supply
  • Business World
  • Finance
  • General
  • Health
July 2022
M T W T F S S
 123
45678910
11121314151617
18192021222324
25262728293031
« Jun    

Tags

Amazon Business Credit Card American Airlines Business Class Att Business Login Austin Business Journal Best Bank For Small Business Best Business Schools In Us Best Business To Start British Airways Business Class business Business Casual Shoes For Women Business Continuity Planning Business Entity Search Business Letter Template Business Management Degree Business Manager Facebook Colorado Business Search Delaware Business Entity Search Drop Shipping Business Family Business Bet finance Fox Business Live Georgia Sos Business Search Google Business Account Harvest Small Business Finance How To Build Business Credit insurance Is Saturday A Business Day Is Sears Still In Business money My Business Google Name Generator Business None Of Your Business Ny Sos Business Search personal Plus Size Business Casual Pnc Business Banking Sos Business Search Ca Taking Care Of Business The Business Of Being Born Turbotax Home And Business 2020 Tx Sos Business Search Venmo For Business Verizon Business Plans Virtual Address For Business Women Business Casual

buy backlinks

Intellifluence Trusted Blogger

BL

TL

Visit Now

fashion design

You may Missed

Business Opportunities

LITTLE CAESARS® COMBINES PARADISE, PIZZA AND PATRIOTISM, EXPANDING BUSINESS OPPORTUNITIES IN HAWAII

July 7, 2022
magenet
Business Development

Baltimore Man Indicted on Charges He Faked PPP Loan and EIDL Loan Application

July 7, 2022
magenet
Business Center

Let’s get personal

July 7, 2022
magenet
Business Center

Driver suffering medical emergency crashes into Branson, Mo. business

July 7, 2022
magenet
Copyright © 2022 nexistente
Theme by: Theme Horse
Proudly Powered by: WordPress
This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Cookie settingsACCEPT
Privacy & Cookies Policy

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Non-necessary
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.
SAVE & ACCEPT