Urban League Announces Grants for Minority and Women-Owned Businesses
May 7, 2020
We at the Urban League of Rochester hope that this message finds you well, safe, and healthy during this unprecedented time.
As members of the Rochester business and service communities, we wanted to offer you an exclusive sneak peek at a very exciting new program launching next week. If you or someone you know has a small business that has been impacted by COVID-19, we have some great news:
On May 11, we will be announcing a new $100,000 small business stabilization fund provided by some wonderful community business partners to be announced.
Eligible minority- and women-owned businesses will be able to receive sizable grants while funds last. Grants will be prioritized for those who could not receive or who were not eligible for emergency relief funding through the Small Business Administration.
While we aren’t ready to release any more details just quite yet, we do want to let you know that application materials and additional information will be available on Monday on the Small Business Relief site we will launch at http://www.urbanleagueroc.org/smallbusinessrelief.
If you or someone you know or serve is interested, we would strongly recommend you have the following documentation ready to go, as we will be working within a very small time window for this grant:
· Applicable SBA loan application number(s) for the Economic Injury Disaster Loan and/or Paycheck Protection
· Most recent federal business income tax returns (If 2019 tax returns are not available, please provide 2018 returns with interim financial statements)
· Revenue numbers for the last year
· A summary statement of how grant funding might be utilized with a summary of future business expenses grantee intends to pay with grant funds, along with any unpaid current bills/expenses that this funding could pay for to maintain operations / retain jobs
If you have any additional questions at this time, please feel free to reach out to me directly at firstname.lastname@example.org.
Thank you so much for your time, and we can’t wait to tell you more on Monday!
William Rivera-Bloodworth, MA (he/him)
Marketing Communications & Digital Engagement Officer
265 N. Clinton Ave.
Rochester, NY, 14605
(585) 325-6530 x4222
Follow-up email from Key Bank
May 8, 2020
Good Afternoon Everyone:
I hope this email finds you all in good health and spirits.
I wanted to follow up on the exciting announcement you received from the Urban League of Rochester yesterday. The Urban League of Rochester in partnership with the KeyBank Business Boost & Build program, is preparing to launch a $100K small business stabilization fund to bring immediate financial relief to local small businesses affected by the COVID-19 pandemic.
Additional partner organizations will be announced early next week.
Vulnerable communities and communities of color have been particularly hard hit by the Coronavirus pandemic. The KBBB program remains committed to bringing capital and small business assistance to entrepreneurs in these communities, especially as they work through the resulting financial crisis.
Women and minority-owned small businesses with less than 20 employees will be eligible to apply for the stabilization grants.
Grants averaging $5,000 per business, while funds last, are intended as gap funding, and ideally prioritized for those who could not get or were not eligible for initial PPP funding through the SBA. The Urban League of Rochester is also equipped to assist business owners with applying for federal funding and will do so with each grant applicant that is eligible.
Priority access to the application portal will be granted to current Business Boost & Build Clients of the Urban League of Rochester and Ibero American Action League.