Beyoncé and the NAACP have started a fund to support Black-owned small businesses 2 weeks ago

Beyoncé and the NAACP have started a fund to support Black-owned small businesses

Grants of $10,000 will be given to businesses in Houston, Atlanta, New York, Los Angeles, and Minneapolis.

Beyonce has been all-systems-go with her charity initiative BeyGOOD in the last few months. She's been using her platform and her charity to support communities of colour during the coronavirus pandemic.

In April, she donated around $6 million to support underserved communities of colour and she and her mother Tina Knowles-Lawson also provided Black communities in Houston with access to COVID-19 tests.

Now, she's taken the next step and partnered up with NAACP to give support to Black-owned small businesses in the US, offering grants of $10,000 to businesses in Houston, Atlanta, New York, Los Angeles, and Minneapolis.

Beyoncé's latest single, 'Black Parade' raised funds for the BeyGOOD Black-Owned Small Business Impact Fund.

In a statement, NAACP said:

"Over the last couple of months, the pandemic and outpours for justice throughout the Black community and across the country has been felt in every imaginable area of our lives, including in how our businesses continue to operate. The challenges of Black business owners navigating in the climate cannot be understated, as the effects of uprisings across the nation have led to many businesses being places in dire straits due to damages and other small business needs.

The NAACP is delighted to administer a meaningful program in partnership with BeyGOOD's Black-Owned Small Business Impact Fund to assist our small business communities that have been directly impacted by the recent events across the country. The grants in the amount of $10,000 will be offered to Black-owned small businesses in select cities to help sustain businesses during this time. The NAACP is proud to partner with BeyGOOD to help strengthen small businesses and to ensure economic empowerment for Black businesses."

Any Black-owned small business that are in one of the five eligible cities can apply here before the July 18 deadline.