The Community Foundation for Loudoun and Northern Fauquier Counties has created a new Minority Owned Small Business Grant Program. The program was funded by Google, with help from Kaiser Permanente of the Mid-Atlantic States.
Google provided $50,000 to the Community Foundation with the goal of supporting minority-owned small businesses impacted by COVID-19. Kaiser Permanente contributed another $25,000, bringing the total amount of funding available to $75,000.
Small businesses are invited to apply to receive gransts of $5,000 to $10,000. Organizations eligible to apply must demonstrate 51 percent of their ownership are residents of Loudoun County and identify as African American, Asian American, Hispanic American, or Native American.
Eligible businesses also must demonstrate that they are located in Loudoun County with annual net revenues less than $250,000, or less than $500,000 for businesses with three or more full-time employees.
“Google is committed to supporting minority-owned small businesses negatively impacted by COVID-19,” Laurel Brown, head of community development US-East for Google, said in a prepared statement. “Through this partnership with the Community Foundation and Kaiser Permanente, Google will help local, Loudoun County businesses receive critical funding and support during this difficult time.”
“Small businesses provide social and economic benefits to communities, which strengthens the health of the people in those communities, especially in communities that experience inequities and injustice,” said Ruth Williams-Brinkley, region president of Kaiser Permanente, in a prepared statement.
The Loudoun Chamber of Commerce’s Diversity, Equity, and Inclusion Committee will partner with the Community Foundation to serve as an application review committee. Businesses hit hardest by COVID-19 will be prioritized for funding.
“We know that small businesses have struggled throughout the pandemic. We also know that businesses owned by people of color have been disproportionately impacted in so many ways,” said Amy Owen, president of the Community Foundation. “We’re grateful for Google and Kaiser Permanente for their leadership to help create equitable opportunities in the Loudoun business community.”
Funds are expected to be distributed no later than Feb. 1, 2021. Eligible businesses can apply by visiting funding.communityfoundationlf.org.
Applications are due by Jan. 19. Anyone interested in applying is invited to attend an online pre-application workshop on Jan. 5. A secondary pre-application workshop will also be held on Jan. 5, with access to Spanish-language interpretation.
Inquiries should be sent to Nicole Acosta, Director of Grants, Community Foundation for Loudoun and Northern Fauquier Counties at 703-779-3505 X3 or email@example.com.