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Comcast RISE Initiative Provides Small Businesses with Free Marketing Insights and Opportunities to Apply for Media, Technology Upgrades and Grants Up To $10,000
Black-Owned Small Businesses, Those Impacted Most by the Pandemic, are the First Eligible Applicants for Comcast RISE Resources and Grants.
Comcast Corporation (NASDAQ: CMCSA) today launched Comcast RISE, an initiative created to help strengthen and empower small businesses hard hit by COVID-19. The Comcast RISE program will help thousands of small businesses over the next three years. The multi-faceted program offers grants, marketing and technology upgrades, including media campaigns and connectivity, computer and voice equipment, as well as free marketing insights to all applicants.
U.S. small businesses have been particularly hard hit by the pandemic. A recent study from the National Bureau of Economic Research found that the number of U.S. active business owners dropped from 15 million to 11.7 million from February to April. The study
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Expanding relief for small businesses struggling because of the response to the COVID-19 pandemic, Tennessee announced $50 million in new small business grants Wednesday.
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Ten percent of the funds are earmarked for businesses owned by women, minorities, veterans and disabled people.
Grants up to $30,000 will be available to reimburse small businesses and nonprofits for eligible expenses incurred between May 1 and Aug. 31, 2020 related to the pandemic. Expenses eligible for reimbursement include costs to enable social distancing, personal protective equipment purchases, contactless equipment expenses, payroll expenses and mortgage interest.
“Small businesses are the backbone of our economy and supporting them through these difficult times has been one of the core missions of the Financial Stimulus Accountability Group,” said Gov. Bill Lee, noting the program will seek to provide aid to businesses not eligible for previous federal funding.
An online application