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PHILADELPHIA, March 1, 2021 /PRNewswire/ Comcast Corporation (NASDAQ: CMCSA) today announced the Comcast RISE Investment Fund, providing $5 million dollars of grants to hundreds of Black, Indigenous, and People of Color (BIPOC)-owned, small businesses in five cities nationwide, including $1 million in Philadelphia and the City of Chester. Beginning on March 1 through March 14, eligible businesses in Philadelphia and Chester, in addition to Atlanta, Chicago, Detroit, and Houston, can apply for a $10,000 grant at www.ComcastRISE.com. A total of 100 grants in Philadelphia and Chester, or 500 grants overall, will be awarded in May 2021. The Investment Fund is the latest extension of Comcast RISE, the multi-year, multi-faceted initiative launched in October 2020 that initially focused on black-owned, small businesses and then extended to BIPOC-owned to help those hardest hit by COVID-19.
A total of 100 grants in Chicago and Cook County and 500 grants overall will be awarded in May 2021. The Investment Fund is the latest extension of Comcast RISE, the multi-year, multi-faceted initiative launched in October 2020 that initially focused on Black-owned small businesses and then extended to BIPOC-owned businesses to help those hardest hit by COVID-19.
The Comcast RISE Investment Fund is focused on small businesses that have been in business for three or more years with one to 25 employees.
To help drive outreach about the program and provide additional support, training and mentorship, Comcast has also awarded more than $2 million to nearly 20 community-based organizations in the five cities, including the Illinois Hispanic Chamber of Commerce, the South Shore Chamber of Commerce and the Women’s Business Development Center in Illinois, and in other locations and nationally, the Association for Enterprise Opportunity (AEO), Operation Hope, Ureeka, U.S. Black Chambers,
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