Wwhether it’s through her real estate or community-driven ventures in her beloved hometown of Brooklyn, entrepreneur and radio personality. Angela Yee has been a prime example of the power of ownership. If joined the team with SheaMoisture to empower other business owners on their entrepreneurial journeys.
To celebrate three decades of investing in black entrepreneurship, the global beauty brand has unveiled its Community Impact Grant initiative. Through the program, $10,000 grants will be awarded to small business owners who use their businesses and brands to drive social impact in their local communities.
Yee shared his hope that the grants will help entrepreneurs grow and continue the path of cultivating wealth for generations. “As a community, we need to step into our village to build black wealth,” she shared in a statement. “SheaMoisture has been doing this since day one and has always put their goal first. As an entrepreneur myself, I know how important their work is and I’m excited to partner with them and help other entrepreneurs who are trying to build their hustle. In the program applications are accepted until November 27.
The Community Impact Grant was launched to coincide with the release of SheaMoisture’s Social Impact Report. The company has invested $10 million in donations, grants and other resources to promote black entrepreneurship. One of the social impact initiatives was the COVID Relief Project, which awarded $1 million in funding to businesses hit by the pandemic, with an additional $1 million awarded to “community resilience” programs — 250 underserved small businesses. received investment and provided 50,000 hours of business management education to black entrepreneurs.
The company also created the Next Black Millionaire Fund to provide capital and business development resources to black businesses. “We’re incredibly proud of what we’ve accomplished and humbled by the impact we’re able to make in our communities,” said Sundial Brands CEO. Kara Sabina shared. “This report illustrates the work that has been done, but more importantly, it points to the work that remains to be done. We hope to inspire others to join us in accelerating the cycle of wealth for future black generations.
Projects like the Community Impact Grant are an essential part of driving change because racial disparities in entrepreneurship persist.
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