Comcast RISE Investment Fund to DetroitMarch 5, 2021
Comcast has been working proactively to help small businesses throughout the United States that have been hit the hardest by the economic impact of the pandemic. In October of 2020, we created Comcast RISE (Representation, Investment, Strength and Empowerment) in a deliberate and focused effort to reach out, connect with, and support thousands of small businesses over the next three years that are navigating the challenges and difficulties of the pandemic.
A new phase of the program is launching, the Comcast RISE Investment Fund, which includes grants for business communities that have experienced excessive hardships.
Detroit is one of only five cities across the nation in which our company is launching this next phase of Comcast RISE. Between now and March 14, Black, Indigenous, and People of Color (BIPOC)-owned, small businesses in Detroit, as well as neighboring Hamtramck and Highland Park, can apply for a $10,000 grant here. In May, 100 grants will be awarded to local businesses for a total of $1 million.
To qualify, grant applicants must be in a business for three or more years, employ a staff of between one and 25 employees, and meet other Comcast RISE eligibility requirements.
If a business is not in Detroit, Comcast RISE also offers the opportunity for BIPOC-owned, small business to apply for marketing and technology services from Comcast Business and Effectv, the advertising sales division of Comcast Cable. So far, over 700 businesses have received these services, and another round will be announced in March.