Comcast Rise: A Program to Empower Black-Owned Businesses

What is Comcast rise?
In addition to the Investment Fund, Comcast RISE, which stands for “”Representation, Investment, Strength and Empowerment,”” provides the opportunity for small businesses owned by people of color nationwide to apply for one or more of the following support focus areas with the opportunity to receive one.
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The major goal of the Comcast Rise program, which was introduced by the company in 2020, is to offer opportunities and support to Black-owned businesses that have been negatively impacted by the COVID-19 pandemic. The initiative is meant to help struggling small businesses by providing subsidies, marketing resources, technology upgrades, and business consulting services.

Black-owned small businesses in a range of sectors, including media, technology, advertising, and marketing, are eligible for the Comcast Rise program. The program offers grants of up to $10,000 to qualified firms to assist them in paying for operating expenses like rent, employee salaries, and inventory. The funds are meant to help companies that have been impacted by the pandemic, including those that have had to shut down or lay off employees.

Businesses that are Black-owned and -operated, have been in operation for at least three years, and have been adversely affected by the COVID-19 pandemic are eligible for the Comcast Rise initiative. Businesses must also be physically located in one of the 28 states where Comcast provides its services and have a storefront or office.

You can cancel your NASE (National Association for the Self-Employed) membership by getting in touch with the organization’s member services division. The NASE is a nonprofit company that aids small business owners and independent contractors by offering information and support. Anytime a membership is terminated, a reimbursement can be possible, depending on the situation.

Federal grants are provided by the federal government and are often offered to firms that meet specified eligibility requirements. Federal grants are divided into four categories: state grants, corporate grants, community-based grants, and state grants. Individual states offer state grants, which may be accessible to companies having locations within the state’s boundaries. Companies give provide corporate donations, which are frequently determined by criteria like social responsibility and community benefit. Local groups offer community-based grants, which may be accessible to enterprises situated inside a certain community.

Small businesses affected by the COVID-19 outbreak can still apply for loans under the Economic Injury Disaster Loan (EIDL) program. The EIDL program offers low-interest loans to qualified firms for up to $150,000 to aid with running costs and other expenses. Businesses in all 50 states are eligible for the program, which is run by the Small Business Administration (SBA).

In conclusion, the Comcast Rise initiative offers Black-owned businesses a great chance to obtain financial support, marketing resources, and advisory services to aid in their recovery from the pandemic’s financial effects. By getting in touch with member services, NASE members can end their membership. Federal, state, corporate, and community-based grants are still available to small enterprises, and the EIDL program is still in place for those that want financial assistance.