Citi Foundation Issues RFP To Assist BIPOC Owned Small Businesses From Harlem To Hollis

March 12, 2021

The Citi Foundation is accepting applications from nonprofit organizations from Harlem to Hollis providing direct technical assistance to small businesses owned by people of color.

These are businesses that have been disproportionately impacted by the unprecedented health, social, and economic impacts of the COVID-19 pandemic.

According to the National Bureau of Economic Research, Black-owned businesses are closing at more than twice the rate of white-owned businesses and experiencing declines in cash balances nine times as steep.

Ensuring their equitable recovery of small businesses — the foundation of the U.S. economy and local communities — is a critical piece of the nation’s collective recovery, and entrepreneurs who have been able to keep their doors open need high-quality advice on how to navigate the rules of public support programs, adapt to COVID-19 public health restrictions, and develop new plans for financial stability reports the Philanthropy News Digest.

To that end, the foundation will award up to $25 million in unrestricted grants of up to $500,000 to nonprofits working in California, Connecticut, Florida, Illinois, Maryland, New Jersey, New York, Nevada, Puerto Rico, South Dakota, Texas, Virginia, and Washington, D.C., enabling them to expand their reach and serve more minority entrepreneurs in need.

For more details on eligibility requirements and the application process, see the Citi Foundation website.

By submitting this form, you are consenting to receive marketing emails from: Harlem World Magazine, 2521 1/2 west 42nd street, Los Angeles, CA, 90008, You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact
We're your source for local coverage, we count on your support. SPONSOR US!
Your support is crucial in maintaining a healthy democracy and quality journalism. With your contribution, we can continue to provide engaging news and free access to all.
accepted credit cards

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Related Articles