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Beyoncé's BeyGood and NAACP Launch Black-Owned Business Fund

Beyoncé Has Teamed Up With the NAACP to Create a Fund For Black-Owned Small Businesses

INDIO, CA - APRIL 14:  Beyonce Knowles performs onstage during 2018 Coachella Valley Music And Arts Festival Weekend 1 at the Empire Polo Field on April 14, 2018 in Indio, California.  (Photo by Kevin Winter/Getty Images for Coachella)Image Source: Getty / Kevin Winter

Beyoncé has partnered with the NAACP through her BeyGood foundation to create an impact fund to support Black-owned businesses in the US, and applications are open now. The BeyGood foundation was first launched in 2013 with the goal of inspiring people to be kind and charitable to themselves, their communities, and the world around them. In partnership with the NAACP — which seeks to fight for racial equality and justice in the US — the organization will provide grants of $10,000 to Black business owners in select cities for a short time, with the specific goal of replacing damaged property.

"Over the last couple of months, the pandemic and outpours for justice throughout the Black community and across the country has been felt in every imaginable area of our lives, including in how our local businesses continue to operate," the civil rights organization said in a statement. "The challenges of Black business owners navigating in the climate cannot be understated, as the effects of uprisings across the nation have led to many businesses being placed in dire straits due to damages and other small business needs."

Applications are being accepted starting on July 9 to July 18, and eligible businesses must be located in one of the following cities: Houston, Atlanta, New York, Los Angeles, or Minneapolis, MN. Selected applicants will be notified on Beyonce.com on July 31, so make sure Black-owned businesses in your area know about this helpful opportunity, and check out a few Black-owned fashion brands to support here.

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