{"id":515806,"date":"2021-07-21T11:13:06","date_gmt":"2021-07-21T15:13:06","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/american-express-coalition-to-back-black-businesses-awards-25000-enhancement-grants-to-25-black-owned-small-businesses\/"},"modified":"2021-07-21T11:13:06","modified_gmt":"2021-07-21T15:13:06","slug":"american-express-coalition-to-back-black-businesses-awards-25000-enhancement-grants-to-25-black-owned-small-businesses","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/american-express-coalition-to-back-black-businesses-awards-25000-enhancement-grants-to-25-black-owned-small-businesses\/","title":{"rendered":"American Express\u2019 Coalition to Back Black Businesses Awards $25,000 Enhancement Grants to 25 Black-Owned Small Businesses"},"content":{"rendered":"

<\/p>\n

American Express\u2019 Coalition to Back Black Businesses Awards $25,000 Enhancement Grants to 25 Black-Owned Small Businesses<\/b><\/p>\n

NEW YORK–(BUSINESS WIRE<\/a>)–
\nAmerican Express (NYSE: AXP) today announced that the Coalition to Back Black Businesses<\/a> will award 25 Black-owned small businesses from the Coalition\u2019s 2020 grant program an additional $25,000 enhancement grant to support their long-term success and resilience. Approximately 60% of the grant recipients were Black women-owned small businesses and 75% were Black-owned businesses with six or fewer employees.\n<\/p>\n

This press release features multimedia. View the full release here: https:\/\/www.businesswire.com\/news\/home\/20210721005694\/en\/<\/a><\/p>\n

\"(Photo:<\/p>\n

(Photo: Business Wire)<\/p>\n<\/div>\n

\n\u201cMy business and life have done a full 180 since receiving support from the Coalition to Back Black Businesses program,\u201d said Deandre Wade, owner of Fresh Sportswear, a small business in Antioch, TN that designs and manufactures custom uniforms for sports teams, with a focus on youth. \u201cWith the enhancement grant, I will be moving my business out of my living room and purchasing the tools and equipment needed to begin mass-producing our products.\u201d\n<\/p>\n

\nEstablished in September 2020, the Coalition to Back Black Businesses is a multi-year grantmaking and training initiative with an initial $10 million commitment to help support and empower Black-owned small businesses. Through 2024, the Coalition will distribute $5,000 grants to qualifying Black-owned small businesses each fall and will provide the opportunity to apply for select $25,000 enhancement grants the following spring. In addition, the Coalition is providing grant recipients with exclusive access to mentorship programs, training and online resources to help them grow and manage their businesses.\n<\/p>\n

\nAmerican Express established the Coalition to Back Black Businesses, a first-of-its-kind collaboration with the U.S. Chamber of Commerce Foundation and four major Black chambers, including the National Black Chamber of Commerce, National Business League, U.S. Black Chambers, Inc., and Walker\u2019s Legacy. The AIG Foundation\u2120<\/i>, Altice USA (Optimum & Suddenlink), Cummins Inc., Dow, and Stanley Black & Decker joined the effort as partners, contributing additional funds and resources to help advance the Coalition\u2019s work.\n<\/p>\n

\nIn its first year, the Coalition partners distributed 600 grants to Black-owned small businesses located in 33 states. The initial funds supported a wide range of critical business needs including paying employees, repaying debts, covering rent and utility bills, developing e-commerce capabilities, funding PPE purchases and expanding or pivoting business models. Grant recipients from 2020 were invited to apply for additional funds through the enhancement grants to help sustain and grow their businesses.\n<\/p>\n

\n\u201cThe Coalition to Back Black Businesses gave us an opportunity to re-invest back into our business through marketing and advertising,\u201d stated Melissa Hyles, owner of Oak Tree Financial and Tax Services, a family-owned financial services firm that has served the Rancho Cucamonga, CA area for over 25 years. \u201cWith the first grant of $5,000, we were able to update our website, which allowed us to have a much more visible presence on the internet. We plan on using the $25,000 enhancement grant to continue investing in marketing, opening a second location, and starting a mentorship program for our community so that we can pay it forward and give back.\u201d\n<\/p>\n

25 RECIPIENTS OF THE ENHANCEMENT GRANTS<\/b><\/p>\n

\nAmerican Express worked closely with the U.S. Chamber of Commerce Foundation and a selection board comprised of Coalition representatives to select the 25 grantees from across the U.S. The 25 Black-owned small businesses hail from 14 states and across 9 industries, with the largest percentage of grants awarded to small businesses in the trade and services, retail and healthcare industries. The leading reasons for requesting an enhancement grant included developing a stronger online presence, relocating to a larger physical space and increasing marketing efforts.\n<\/p>\n

\nThe full list of grantees includes:\n<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n

Business Name (Industry)<\/b><\/p>\n<\/td>\n

\n\n

Location <\/b><\/p>\n<\/td>\n

\n\n

Owner<\/b><\/p>\n<\/td>\n<\/tr>\n

\n

\n424 Fashionz LLC (Sales)\n<\/p>\n<\/td>\n

\n\n

\nDuluth, Georgia\n<\/p>\n<\/td>\n

\n\n

\nDelores Salley\n<\/p>\n<\/td>\n<\/tr>\n

\n

\nAlexandria Primary Care Clinic (Healthcare & Medical)\n<\/p>\n<\/td>\n

\n\n

\nAlexandria, Louisiana\n<\/p>\n<\/td>\n

\n\n

\nMelanie LaCour\n<\/p>\n<\/td>\n<\/tr>\n

\n

\nBe-Moor Radio, L3C (Advertising, Arts & Media)\n<\/p>\n<\/td>\n

\n\n

\nDetroit, Michigan\n<\/p>\n<\/td>\n

\n\n

\nDennis Talbert\n<\/p>\n<\/td>\n<\/tr>\n

\n

\nDaemarii’s Unique Boutique, LLC (Sales)\n<\/p>\n<\/td>\n

\n\n

\nMacon, Georgia\n<\/p>\n<\/td>\n

\n\n

\nVirginia Sharp\n<\/p>\n<\/td>\n<\/tr>\n

\n

\nDancing with the Nord\u00e9s, LLC (Education & Training)\n<\/p>\n<\/td>\n

\n\n

\nLansing, Michigan\n<\/p>\n<\/td>\n

\n\n

\nTiffany Nord\u00e9\n<\/p>\n<\/td>\n<\/tr>\n

\n

\nElk City Auto Spa (Trades & Services)\n<\/p>\n<\/td>\n

\n\n

\nCharleston, West Virginia\n<\/p>\n<\/td>\n

\n\n

\nC. Anthony Parker\n<\/p>\n<\/td>\n<\/tr>\n

\n

\nEverybody’s Juice (Food and Beverage)\n<\/p>\n<\/td>\n

\n\n

\nWashington DC\n<\/p>\n<\/td>\n

\n\n

\nNajee Ellerbe\n<\/p>\n<\/td>\n<\/tr>\n

\n

\nExcel Cleaning Services (Trades & Services)\n<\/p>\n<\/td>\n

\n\n

\nNashville, Tennessee\n<\/p>\n<\/td>\n

\n\n

\nCaryn Clopton\n<\/p>\n<\/td>\n<\/tr>\n

\n

\nFresh Sportswear (Sport & Recreation)\n<\/p>\n<\/td>\n

\n\n

\nAntioch, Tennessee\n<\/p>\n<\/td>\n

\n\n

\nDeandre Wade\n<\/p>\n<\/td>\n<\/tr>\n

\n

\nGenesis Printing Co, Inc. (Trades & Services)\n<\/p>\n<\/td>\n

\n\n

\nJacksonville, Arkansas\n<\/p>\n<\/td>\n

\n\n

\nGoldman Jackson Jr.\n<\/p>\n<\/td>\n<\/tr>\n

\n

\nHands N Harmony (Trades & Services)\n<\/p>\n<\/td>\n

\n\n

\nUniversal City, Texas\n<\/p>\n<\/td>\n

\n\n

\nNancy Brewington\n<\/p>\n<\/td>\n<\/tr>\n

\n

\nHarness Innovation (Education & Training)\n<\/p>\n<\/td>\n

\n\n

\nDetroit, Michigan\n<\/p>\n<\/td>\n

\n\n

\nSean Harness\n<\/p>\n<\/td>\n<\/tr>\n

\n

\nHeartsleeve (Sales)\n<\/p>\n<\/td>\n

\n\n

\nNew Orleans, Louisiana\n<\/p>\n<\/td>\n

\n\n

\nBernie January Jr.\n<\/p>\n<\/td>\n<\/tr>\n

\n

\nHope Pharmacy Inc (Healthcare & Medical)\n<\/p>\n<\/td>\n

\n\n

\nRichmond, Virginia\n<\/p>\n<\/td>\n

\n\n

\nShantelle Brown\n<\/p>\n<\/td>\n<\/tr>\n

\n

\nImpact 4 Change, PLLC (Healthcare & Medical)\n<\/p>\n<\/td>\n

\n\n

\nHouston, Texas\n<\/p>\n<\/td>\n

\n\n

\nCatherine Mukes\n<\/p>\n<\/td>\n<\/tr>\n

\n

\nJulia Lynn Productions Inc (Education & Training)\n<\/p>\n<\/td>\n

\n\n

\nBronx, New York\n<\/p>\n<\/td>\n

\n\n

\nLaVerne Bowen\n<\/p>\n<\/td>\n<\/tr>\n

\n

\nKeeping It Clean Commercial Cleaning (Trades & Services)\n<\/p>\n<\/td>\n

\n\n

\nSaginaw, Michigan\n<\/p>\n<\/td>\n

\n\n

\nCecilia Webb\n<\/p>\n<\/td>\n<\/tr>\n

\n

\nL & R Human Resource Consulting, LLC (Human Resources\u00ad)\n<\/p>\n<\/td>\n

\n\n

\nBossier City, Louisiana\n<\/p>\n<\/td>\n

\n\n

\nMary Webber\n<\/p>\n<\/td>\n<\/tr>\n

\n

\nLamik, Inc (Sales)\n<\/p>\n<\/td>\n

\n\n

\nHouston, Texas\n<\/p>\n<\/td>\n

\n\n

\nKim Roxie\n<\/p>\n<\/td>\n<\/tr>\n

\n

\nLet’s Go Outdoors (Education & Training)\n<\/p>\n<\/td>\n

\n\n

\nCheltenham, Pennsylvania\n<\/p>\n<\/td>\n

\n\n

\nTarsha Scovens\n<\/p>\n<\/td>\n<\/tr>\n

\n

\nOak Tree Financial and Tax Services (Banking & Financial Services)\n<\/p>\n<\/td>\n

\n\n

\nRancho Cucamonga, California\n<\/p>\n<\/td>\n

\n\n

\nMelissa Hyles\n<\/p>\n<\/td>\n<\/tr>\n

\n

\nParadigm Dental Center LLC (Healthcare & Medical)\n<\/p>\n<\/td>\n

\n\n

\nMemphis, Tennessee\n<\/p>\n<\/td>\n

\n\n

\nChristina Rosenthal\n<\/p>\n<\/td>\n<\/tr>\n

\n

\nTBM Logistics (Sales)\n<\/p>\n<\/td>\n

\n\n

\nRaeford, North Carolina\n<\/p>\n<\/td>\n

\n\n

\nThomas McMillan\n<\/p>\n<\/td>\n<\/tr>\n

\n

\nThe Suite Service (Trades & Services)\n<\/p>\n<\/td>\n

\n\n

\nNew York City, New York\n<\/p>\n<\/td>\n

\n\n

\nJessica Ogonor\n<\/p>\n<\/td>\n<\/tr>\n

\n

\nTonnie’s Minis (Food and Beverage)\n<\/p>\n<\/td>\n

\n\n

\nNewark, New Jersey\n<\/p>\n<\/td>\n

\n\n

\nTonnie Rozier\n<\/p>\n<\/td>\n<\/tr>\n<\/table>\n

\nLearn more about the winners and positive impact this funding will have on their businesses at www.webackblackbusinesses.com\/recipients<\/a>.\n<\/p>\n

\nThis September, more eligible U.S. Black-owned small businesses will have the opportunity to receive support, when applications open for the Coalition to Back Black Businesses\u2019 2021 grants. Please visit www.webackblackbusinesses.com<\/a> for more details.\n<\/p>\n

About American Express\u2019 Continued Support for Black-Owned Businesses <\/strong><\/p>\n

\nIn the fall of 2020 American Express announced a $1 billion action plan<\/a> to enhance diverse representation and promote equal opportunities for colleagues, customers and communities. As part of this commitment, by the end of 2024 the company plans to provide financial support and education to at least 250,000 Black-owned small and mid-sized businesses. Among the company\u2019s previously announced initiatives aimed to support Black-owned businesses are the \u201c100 for 100<\/a>\u201d program for Black women entrepreneurs, the Coalition to Back Black Businesses<\/a> grant program, a $1+ million grant program for \u201cBacking Historic Small Restaurants<\/a>\u201d with a focus on those owned by underrepresented groups, a $40 million investment to the non-profit lender Accion Opportunity Fund<\/a> to provide loans and resources to underfunded small business owners and an expanded ByBlack<\/a> national certification and directory platform developed by the U.S. Black Chambers, Inc. exclusively for Black-owned businesses.\n<\/p>\n

\nBusiness owners can learn more about these American Express initiatives, resources and more here<\/a>.\n<\/p>\n

ABOUT AMERICAN EXPRESS<\/b><\/p>\n

\nAmerican Express is a globally integrated payments company, providing customers with access to products, insights and experiences that enrich lives and build business success. Learn more at americanexpress.com<\/a> and connect with us on facebook.com\/americanexpress<\/a>, instagram.com\/americanexpress<\/a>, linkedin.com\/company\/american-express<\/a>, twitter.com\/americanexpress<\/a>, and youtube.com\/americanexpress<\/a>.\n<\/p>\n

\nKey links to products, services and corporate responsibility information: charge and credit cards<\/a>, business credit cards<\/a>, travel services<\/a>, gift cards<\/a>, prepaid cards<\/a>, merchant services<\/a>, Accertify<\/a>, InAuth<\/a>, corporate card<\/a>, business travel<\/a>, and corporate responsibility<\/a>.\n<\/p>\n

ABOUT THE COALITION TO BACK BLACK BUSINESSES<\/b><\/p>\n

\nAmerican Express established the Coalition to Back Black Businesses in September 2020 with a $10 million commitment to fund a grant program, over four years, to help Black-owned small businesses recover from the disproportionate impact of COVID-19.The grant program is administered by the U.S. Chamber of Commerce Foundation<\/a>, in partnership with the National Black Chamber of Commerce<\/a>, National Business League<\/a>, U.S. Black Chambers, Inc.<\/a>, and Walker\u2019s Legacy<\/a>. The U.S. Chamber of Commerce Foundation is a private sector 501(c)(3) charity affiliated with the U.S. Chamber of Commerce and is not a government agency.\n<\/p>\n

\nSource: American Express Company\n<\/p>\n

\nLocation: U.S.\n<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20210721005694\/en\/<\/a><\/span><\/p>\n

AMERICAN EXPRESS
\n<\/b>
Sarah Abebe
\n
Sarah.Abebe@aexp.com<\/a><\/p>\n

KEYWORDS:<\/b> United States North America New York<\/p>\n

INDUSTRY KEYWORDS:<\/b> Professional Services Other Consumer Consumer Small Business Finance Consulting Banking<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n\n\n\n
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(Photo: Business Wire)<\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

American Express\u2019 Coalition to Back Black Businesses Awards $25,000 Enhancement Grants to 25 Black-Owned Small Businesses NEW YORK–(BUSINESS WIRE)– American Express (NYSE: AXP) today announced that the Coalition to Back Black Businesses will award 25 Black-owned small businesses from the Coalition\u2019s 2020 grant program an additional $25,000 enhancement grant to support their long-term success and resilience. Approximately 60% of the grant recipients were Black women-owned small businesses and 75% were Black-owned businesses with six or fewer employees. This press release features multimedia. View the full release here: https:\/\/www.businesswire.com\/news\/home\/20210721005694\/en\/ (Photo: Business Wire) \u201cMy business and life have done a full 180 since receiving support from the Coalition to Back Black Businesses program,\u201d said Deandre Wade, owner of Fresh Sportswear, a small … <\/p>\n

Continue reading “American Express\u2019 Coalition to Back Black Businesses Awards $25,000 Enhancement Grants to 25 Black-Owned Small Businesses”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-515806","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nAmerican Express\u2019 Coalition to Back Black Businesses Awards $25,000 Enhancement Grants to 25 Black-Owned Small Businesses - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/american-express-coalition-to-back-black-businesses-awards-25000-enhancement-grants-to-25-black-owned-small-businesses\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"American Express\u2019 Coalition to Back Black Businesses Awards $25,000 Enhancement Grants to 25 Black-Owned Small Businesses - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"American Express\u2019 Coalition to Back Black Businesses Awards $25,000 Enhancement Grants to 25 Black-Owned Small Businesses NEW YORK–(BUSINESS WIRE)– American Express (NYSE: AXP) today announced that the Coalition to Back Black Businesses will award 25 Black-owned small businesses from the Coalition\u2019s 2020 grant program an additional $25,000 enhancement grant to support their long-term success and resilience. Approximately 60% of the grant recipients were Black women-owned small businesses and 75% were Black-owned businesses with six or fewer employees. This press release features multimedia. View the full release here: https:\/\/www.businesswire.com\/news\/home\/20210721005694\/en\/ (Photo: Business Wire) \u201cMy business and life have done a full 180 since receiving support from the Coalition to Back Black Businesses program,\u201d said Deandre Wade, owner of Fresh Sportswear, a small … Continue reading "American Express\u2019 Coalition to Back Black Businesses Awards $25,000 Enhancement Grants to 25 Black-Owned Small Businesses"\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/american-express-coalition-to-back-black-businesses-awards-25000-enhancement-grants-to-25-black-owned-small-businesses\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-07-21T15:13:06+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/mms.businesswire.com\/media\/20210721005694\/en\/892697\/4\/Coalition_to_Back_Black_Businesses_Enhancement_Grant_Recipients.jpg\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"7 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/american-express-coalition-to-back-black-businesses-awards-25000-enhancement-grants-to-25-black-owned-small-businesses\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/american-express-coalition-to-back-black-businesses-awards-25000-enhancement-grants-to-25-black-owned-small-businesses\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"American Express\u2019 Coalition to Back Black Businesses Awards $25,000 Enhancement Grants to 25 Black-Owned Small Businesses\",\"datePublished\":\"2021-07-21T15:13:06+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/american-express-coalition-to-back-black-businesses-awards-25000-enhancement-grants-to-25-black-owned-small-businesses\\\/\"},\"wordCount\":1335,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/american-express-coalition-to-back-black-businesses-awards-25000-enhancement-grants-to-25-black-owned-small-businesses\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/mms.businesswire.com\\\/media\\\/20210721005694\\\/en\\\/892697\\\/4\\\/Coalition_to_Back_Black_Businesses_Enhancement_Grant_Recipients.jpg\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/american-express-coalition-to-back-black-businesses-awards-25000-enhancement-grants-to-25-black-owned-small-businesses\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/american-express-coalition-to-back-black-businesses-awards-25000-enhancement-grants-to-25-black-owned-small-businesses\\\/\",\"name\":\"American Express\u2019 Coalition to Back Black Businesses Awards $25,000 Enhancement Grants to 25 Black-Owned Small Businesses - 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