And on Thursday, the official BeyGOOD Instagram announced that they have partnered with the NAACP to launch The Black-Owned Small Business Impact Fund. The fund - providing grants in the amount of $10,000 - 'will be offered to Black-owned small businesses in select cities to help sustain businesses during this time,' according to the NAACP website. Fund: On Thursday, the official BeyGOOD Instagram announced that they have partnered with the NAACP to launch The Black-Owned Small Business Impact Fund'The NAACP is proud to partner with BeyGOOD to help strengthen small businesses and to ensure economic empowerment for Black businesses,' reads the website's Impact Fund description. The idea to establish the Impact Fund stemmed from months of anguish felt by the Black community due to the pandemic and prevalent social injustice. In order to be eligible for the grant, applicants must either be a 'Black-owned small business owner' or be able to 'provide property damage or replacement estimates.'

Source: Daily Mail July 10, 2020 05:45 UTC