NC BEC’s Funding Initiative aims to address racial inequities in business support and economic development in North Carolina.
The North Carolina Black Entrepreneurship Council (NC BEC) is launching new funding via grants to support the growth of local Black companies.
Qualified applicants can only include diverse types of non-profits, for-profits, HBCUs, entrepreneurial support organizations, and others that serve or host programs geared to support or help Black entrepreneurs.
NC Idea President and CEO Thom Ruhe stated, “Under the leadership of the NC BEC, our call to fund the entrepreneur aspirations of these organizations will provide the Black community with greater opportunities for access, exposure, and networks, thereby leveling the playing field and realizing the potential in everyone.”
Now NC Idea and NC BEC are stepping up to help fill that void in North Carolina.
The NC BEC’s work includes building the capacity of Black leaders, allowing them to be more supportive of Black proprietors on the capital funding and economic development front. It has grown from an accomplished small group of Black professionals to over two dozen experts in various fields that serve on the BEC. It informs the funding and support priorities for NC IDEA, which aims to become the nation’s best state for Black founders.
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Source: Black Enterprise
