Eradicating the enormous obstacles of structural racism and systemic bias in business is no small task. But as the country comes to grips with its deep-rooted inequities, many Americans are looking toward big solutions. WeWork aims to be a part of that shift, and recently announced a major grant program (details below) that will award a total of $2 million in funding to Black small business owners who operate out of WeWork locations around the country. After WeWork and small business champion Ureeka reviewed hundreds of applications and developed a meticulous point system, an independent judging panel chose 200 grantees. Each will be awarded $10,000 to invest in their business, as well as resources for networking and growth from WeWork Labs. Allow us to introduce you to some of the dynamic entrepreneurs bringing much-needed change to the face of American enterprise.
As we unfortunately know all too well, the Black community is forced to face inequality across the board – not just socially, but professionally. Whether it’s access to capital, federal funding or resources for support, Black business owners are too often neglected.
At WeWork, our mission is to encourage people to “Do What You Love.” However, we recognize that not everyone has the privilege to make that choice. As we continue to witness the systemic inequality that the Black community faces, we have decided it is time to be a more active part of the change we want to see.
The grant recipients will receive:
To be eligible to apply, your business must:
The application window has closed on June 30, 2020 and we are no longer accepting applications at this time. Grant recipients will be chosen and notified via email by the end of July 2020. Have a question? View our FAQs page.