Grants Available to Businesses Owned by Sacramento AAPI

The Reimagine Most important Road initiative is partnering with the Nationwide Asian American Chamber of Commerce and Entrepreneurship to supply 100 grants to Asian American and Pacific Islander-owned companies. Tammy Halevy, govt director of Reimagine Most important Road, sat down with KCRA 3 to supply particulars on the grants forward of a Tuesday night time software deadline. Q: Let’s begin by speaking about these grants. What are they and why are they so necessary proper now? Halevy: Reimagine Most important Road has partnered with the Asian Nationwide Chamber of Commerce to supply $2 million in money grants to AAPI companies in the USA. The pandemic has been robust on small companies with shelter-in-place orders and modifications in demand. AAPI companies have been hit twice, experiencing the financial affect of the pandemic, and plenty of of them experiencing important racial bias as a result of they owned Asian companies. Q: What do enterprise house owners must know earlier than making use of? Halevy: Mainly, there’s $2 million accessible in grants. The appliance course of could be very easy, however it closes on Tuesday at 11:59 pm ET. To be eligible, the enterprise have to be 51% owned by AAPI and should function within the US. There aren’t any business restrictions. There are two classes of grants: companies began earlier than the pandemic and companies began throughout the pandemic. AAPI-owned companies that began earlier than January 1, 2020 and had at the very least $100,000 in annual income are eligible for grants between $25 and $50,000. Companies began after January 1, 2020 are additionally eligible for a $10,000 grant. Q: Tammy, what do you hope these grants will in the end do for communities? Halevy: We hope that these grants will do two issues, primary, they supply a lift to companies as we come out of the pandemic. And quantity two, assist these AAPI corporations do what they usually do, which is contribute to job creation and the social material of the neighborhood. We need to strengthen the affords of those companies. If you’re , you may study extra in regards to the grants right here.

The Reimagine Most important Road initiative is partnering with the Nationwide Asian American Chamber of Commerce and Entrepreneurship to supply 100 grants to Asian American and Pacific Islander-owned companies.

Tammy Halevy, govt director of Reimagine Most important Road, sat down with KCRA 3 to supply particulars on the grants forward of the applying deadline Tuesday night time.

Q: Let’s begin by speaking about these grants. What are they and why are they so necessary proper now?

Halevi: Reimagine Most important Road has partnered with the Asian Nationwide Chamber of Commerce to supply $2 million in money grants to AAPI companies in the USA. The pandemic has been robust on small companies with shelter-in-place orders and modifications in demand. AAPI companies have been hit twice, experiencing the financial affect of the pandemic, and plenty of of them experiencing important racial bias as a result of they owned Asian companies.

Q: What do enterprise house owners must know earlier than making use of?

Halevi: Mainly, there may be $2 million accessible in grants. The appliance course of could be very easy, however it closes on Tuesday at 11:59 pm ET. To be eligible, the enterprise have to be 51% owned by AAPI and should function within the US. There aren’t any business restrictions.

There are two classes of grants: companies began earlier than the pandemic and companies began throughout the pandemic. AAPI-owned companies that began earlier than January 1, 2020 and had at the very least $100,000 in annual income are eligible for grants between $25 and $50,000. Companies began after January 1, 2020 are additionally eligible for a $10,000 grant.

Q: Tammy, what do you hope these grants will in the end do for communities?

Halevi: We hope that these grants will do two issues, first, present a lift to companies as we come out of the pandemic. And quantity two, assist these AAPI corporations do what they usually do, which is contribute to job creation and the social material of the neighborhood. We need to strengthen the provision of those companies.

If you’re , you may study extra in regards to the grants. right here.

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