Supporting Black Business
Higher Purpose Co. has launched the Black Business Relief Fund to provide grants up to $5,000 for businesses impacted by the COVID-19 pandemic.
The Black Business Relief Fund is our collective effort to provide grants up to $5,000 to as many existing Black entrepreneurs in Mississippi as possible. HPC uses the word entrepreneurs to also include Black farmers, artists, and creatives. Black communities have been significantly impacted by COVID-19. Several of the federal relief programs have not prioritized Black Americans which has increased the inequalities in our country. Black entrepreneurs across Mississippi provide key products and services to improve the quality of life while preserving our culture. The research shows us that overall small businesses are the foundation of the United States economy. Employing nearly half the American workforce, businesses like yours keep our neighborhoods vibrant and make them feel like home. Funded by our philanthropic and corporate partners, we hope these grant funds will help your business survive and thrive through this time of uncertainty.
The initial application is short and only takes about 10 minutes to complete. If you are approved you will need to review your application, submit your direct deposit info, and then a signed W-9 form. Grants will be awarded on a weekly basis, but you only need to apply one time to be eligible for funding.
- Eligible For-Profit Black Business as of March 1st in Mississippi
- Self-employed or up to 20 employees
- SSN or Tax-ID
- Current drivers license or photo ID
- Business or Personal Checking Account for grant payment
- Financial impacted by COVID-19 Pandemic
The following businesses are not eligible for funding:
- Religious Organizations
- Liquor Stores
- Real Estate Investment Firms
- Financing or Check Cashing Companies
- Adult Entertainment
If you have any questions or concerns contact:
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Constance Brown, Esq.
Capital Access Coordinator
Frequently Asked Questions
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