Many rural, Black small business owners in Mississippi were left out of federal programs responding to the pandemic, like the Payment Protection Program, due to a lack of resources needed to access the loans (e.g., accounting expertise). To address this gap, an economic justice nonprofit called Higher Purpose Co in Clarksdale, MS created a Black Business Relief Initiative and Fund, relying on their philanthropic partners for funding. Black Mississippi-based businesses that are self-employed or have no more than 20 employees could apply for a $2,500 award if the business does not have a physical location, or a $5,000 award if the business has a physical location. #workforce #rural #racialequity #covid-19
Local nonprofit supports rural, Black Mississippians left out of federal initiatives
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