Visa to offer $10K grants for Black women entrepreneurs in Miami, 5 other cities
Black women business owners in Miami and five other U.S. cities can apply for $10,000 grants from Visa through its She’s Next grant program. The program will accept applications until April 16 and will select 60 winners.
It’s part of a $1 million commitment that Visa is making to extend mentorship and grant programs for Black female entrepreneurs who have been disproportionately impacted by the COVID-19 pandemic. Nearly 3 out of every 4 Black women business owners nationwide estimated they could not survive another year under pandemic conditions, according to a survey commissioned by Visa in February.
Applicants must be Black women in business for at least two years, with a minimum annual revenue of $24,000 or more, and their businesses must be operating in Miami, Detroit, Los Angeles, Atlanta, Chicago or Washington, D.C. The application is available here: ifundwomen.com/visa.
WeWork to provide a year of workspaces and SoftBank mentorship to women-led businesses
WeWork, the global co-working company with a large presence in Miami, is launching Women For Tomorrow, a new initiative providing selected women-led startups and small businesses with a total of $5 million worth of workspace and mentorship for a year in the U.S. and Latin America. WeWork has partnered with the Women’s Global Empowerment Fund, a nonprofit organization focused on supporting women through economic and social programs, to help identify and select startups that are focused on driving equality, as well as to support women’s empowerment in underserved regions of the world.
From March 16, 2021 through March 31, 2021, women-led businesses can apply for the program, which will provide 100 selected companies in the United States with WeWork All Access memberships for up to 10 employees for one year. In Latin America, 63 selected companies will receive either WeWork dedicated office space or WeWork All Access memberships for up to 10 employees for one year.
The selected women-led companies will also have access to advice and networking opportunities with SoftBank’s specialists to help their businesses navigate challenges and grow. To be eligible for Women For Tomorrow, businesses must be based in a city in which WeWork operates such as Miami. To learn more and sign up for updates on the Women for Tomorrow program, go to we.co/womenfortomorrow.com.