Recently, small businesses have been dealing with the ongoing impact of the pandemic, social unrest, and environmental events. Black-owned businesses have been some of the hardest hit. According to the National Bureau of Economic Research, between February and April 2020, the number of active Black-owned businesses declined by 41%, Latinx-owned businesses declined by 32%, and Asian-owned businesses dropped by 25%, versus just 21% for the general population. Comcast RISE was created to invest in the success of these critical businesses by providing valuable and practical support.
The Comcast RISE program will initially be available for Black business owners. Beginning November 28, 2020, all Black, Indigenous, and People of Color (BIPOC) business owners will be eligible to apply for Comcast RISE.
Businesses are eligible to receive: