Courtesy of USBC
Courtesy of USBC

The District of Columbia-based U.S. Black Chambers is poised to launch a new microgrant and loan program to help Black-owned businesses in the Gulf region with funding that alleviates the impact of previous storms and weather disasters that have affected business operations.

Sponsored by BP, the program enables small firms to identify areas of distress — which include Alabama, Mississippi and Louisiana — that have hindered their growth over the past two years.

“A program that provides grants and loans, depending on need, is critical in enabling small firms to recover and have a solid footing in growing their revenue,” said Kelisha Garrett, New Orleans Regional Black Chamber of Commerce executive director.

USBC President Ron Busby added that such partnerships “enable us to continue to demonstrate the power of corporate relationships that align with the critical needs of providing capital to Black-owned businesses.”

WI Guest Author

This correspondent is a guest contributor to The Washington Informer.

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