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100 TWIN CITIES BUSINESSES AWARDED A TOTAL OF $1 MILLION THROUGH COMCAST RISE, NATIONAL INITIATIVE TO SUPPORT SMALL BUSINESS OWNERS

·4-min read

DGAP-News: Comcast Twin Cities
23.11.2021 / 15:00
The issuer is solely responsible for the content of this announcement.

Comcast today announced it will award $1 million in total grants as well as technology and marketing resources to more than 100 Twin Cities small businesses owned by people of color. The recipients are among nearly 6,700 entrepreneurs nationwide who have been selected through the Comcast RISE program, which provides marketing, technology, and capital support to small business owners.

To further build on the program's success and provide support to even more small businesses, Comcast also announced today a major expansion to eligibility, enabling all women-owned small businesses nationwide to apply. This expansion recognizes and seeks to help address the persistent inequities women continue to face in accessing the resources and funding that are critical to success.

Comcast RISE and the Comcast RISE Investment Fund, initially launched as a response to help small businesses owners of color hardest hit by the economic impacts of the COVID-19 pandemic, continue to focus on uplifting small businesses, ensuring they continue to prosper in an ever-shifting post-pandemic economy.

With today's announcement, 100 selected businesses will each receive a $10,000 grant. Twin Cities grant recipients include:

The full 100 businesses that received a $10,000 grant can be found here.

'This opportunity is a positive aspect to my business and the community. Not only will we be able to reach more future prospects, we'll also be able to add a few employees to the team," said Henrietta Smaller of Stunning Beauty Supplies in Burnsville, Minnesota. 'It feels great to know someone believes in me and my dream.'

'As we continue to rebuild and emerge from the effects of the pandemic, small businesses will continue to be the backbone of our economy - and we must take every opportunity to help them thrive,' said Kalyn Hove, Regional Senior Vice President, Comcast Twin Cities. 'Looking forward, this expansion will enable Comcast RISE to further empower and strengthen even more small businesses that are the heart of our local communities across the country.'

In the year since its inception, Comcast RISE has awarded more than $11 million in grants and $50 million in in-kind support for marketing and technology services, impacting more than 6,700 entrepreneurs of color in 432 cities across 34 states. By the end of 2022, 13,000 businesses across the country are expected to benefit from the Comcast RISE initiative, either through the grant program or from the resources provided through Effectv and Comcast Business. In addition to the financial and business support services provided, a key part of the program is ensuring the long-term sustainability of businesses. To help address this, Comcast invests in and partners with organizations such as Ureeka to provide ongoing mentorship and resources to help small businesses succeed over the long-term.

Comcast RISE, which stands for Representation, Investment, Strength, and Empowerment, is part of Project UP, Comcast's comprehensive initiative to advance digital equity and help provide underrepresented small business owners with access to the digital tools and funding they need to thrive. Over the next 10 years, Comcast has committed $1 billion to programs and partnerships that will reach an estimated 50 million people with the skills, opportunities, and resources they need to succeed in an increasingly digital world.

The program will continue to be open to racially and ethnically diverse small business owners and the expanded Comcast RISE eligibility to all women-owned businesses will be effective on January 16, 2022. More information and the applications to apply for either the grant program or marketing and technology services are available at www.ComcastRISE.com.

About Comcast Corporation

Comcast Corporation (Nasdaq: CMCSA) is a global media and technology company that connects people to moments that matter. We are principally focused on broadband, aggregation, and streaming with over 56 million customer relationships across the United States and Europe. We deliver broadband, wireless, and video through our Xfinity, Comcast Business, and Sky brands; create, distribute, and stream leading entertainment, sports, and news through Universal Filmed Entertainment Group, Universal Studio Group, Sky Studios, the NBC and Telemundo broadcast networks, multiple cable networks, Peacock, NBCUniversal News Group, NBC Sports, Sky News, and Sky Sports; and provide memorable experiences at Universal Parks and Resorts in the United States and Asia. Visit www.comcastcorporation.com for more information.

Contact Details

Jill Hornbacher

+1 651-425-1695

Jill_Hornbacher@comcast.com

Company Website

https://twincities.comcast.com/


News Source: News Direct


23.11.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de

Language:

English

Company:

Comcast Twin Cities

United States

ISIN:

US20030N1019

EQS News ID:

1251440


 

End of News

DGAP News Service

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