Houston Mayor Sylvester Turner announced new grants for small businesses and a 501 C3 that provides up to $65,000. This funding is provided by the Houston Fund for Social Justice and Economic Equity. This organization is also working with Wells Fargo which is another recent funding plan by the bank that was mentioned here recently. The idea is to help lower the playing field and provide much-needed funds to organizations.
Mayor Turner said:
"Opening this portal is an incredible step towards the progress we initiated in May 2021 when we established the Houston Fund for Social Justice and Economic Equity. We are providing access to much-needed funds for Houston’s small businesses of color and non-profits that focus on leveling the playing field. It will empower their work, allow them to thrive, extend their reach, and support innovation. Thanks to corporate partnerships like Wells Fargo, we have come a long way in a short time and are now funding foundational change in the Houston community.”
A few days before, Mayor Turner said:
“This is a critical time for our city and country, and it is imperative that we come together and address systemic problems in the Black community. While Houston has deep philanthropic roots, this Fund is the first of its kind in our city, and we will build a movement that makes Houston a national leader in opportunity and equality.
Board President of the Houston Fund for Social Justice and Economic Equity Thomas Jones said:
“We are honored to work with Wells Fargo to bridge the gap in economic equity among Houston’s underrepresented and underfunded minority-owned small businesses and nonprofit organizations. The fruit of this partnership infuses hope into the community and positively impacts its business trajectory.”
Regarding the board members, Jones added:
“All of our Board members are passionate about this cause and have invested significant time, talent and resources to ensure the success of the Fund and our mission.”
This past May, the Houston Fund for Social Justice and Economic Equity provided a one-year guaranteed income to applicants that the Houston Style Magazine mentioned.
To qualify for the current grant applicants must live in the Houston area and the business or non-profit must have 50 people or less, be led by a person of color, and be established by December 31, 2021. Applications must be submitted between August 9 to 23, 2022 through this link.
Do you think this is a good initiative for Houston businesses and non-profits?