The Comcast RISE Investment Fund provides monetary grant funds to help small businesses owned by people of color (POC) grow as they navigate the challenges of the pandemic. The Investment Fund is the latest extension of Comcast RISE (Representation, Investment, Strength, and Empowerment), the multi-year, multi-faceted initiative launched in 2020 to provide POC-owned, small businesses the opportunity to apply for mareting and technology services from Comcast Business and Effectv, the advertising sales division of Comcast Cable.
Comcast RISE is part of a larger $100 million Diversity, Equity and Inclusion initiative that Comcast launched this summer. In June 2020, Comcast NBCUniversal announced the development of a comprehensive, multi-year plan to allocate $75 million in cash and $25 million in media over the next three years to fight injustice and inequality against any race, ethnicity, gender identity, sexual orientation or ability.
Last week, Comcast announced it will award $1 million in grants to 100 small businesses owned by people of color in King and Pierce Counties, as well as technology and marketing resources to eligible businesses in the area. King and Pierce Counties are among six markets that also include Houston, Miami, Oakland, the Twin Cities and Washington, D.C., that were selected to award a $10,000 grant to 100 local businesses from the Comcast RISE Investment Fund, for a total of $5 million across 600 businesses.
Applications for grant funding are due by October 14th, 2021.
Click here to learn more about the application process.