Grants Available to Businesses Owned by Sacramento AAPI

The Reimagine Essential Avenue 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, government director of Reimagine Essential Avenue, sat down with KCRA 3 to offer particulars on the grants forward of a Tuesday evening utility deadline. Q: Let’s begin by speaking about these grants. What are they and why are they so necessary proper now? Halevy: Reimagine Essential Avenue has partnered with the Asian Nationwide Chamber of Commerce to offer $2 million in money grants to AAPI companies in the USA. The pandemic has been powerful on small companies with shelter-in-place orders and modifications in demand. AAPI companies have been hit twice, experiencing the financial influence of the pandemic, and plenty of of them experiencing vital racial bias as a result of they owned Asian companies. Q: What do enterprise homeowners have to know earlier than making use of? Halevy: Principally, there’s $2 million obtainable in grants. The applying course of could be very easy, but it surely closes on Tuesday at 11:59 pm ET. To be eligible, the enterprise should be 51% owned by AAPI and should function within the US. There are not any business restrictions. There are two classes of grants: companies began earlier than the pandemic and companies began in the course of 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 firms do what they usually do, which is contribute to job creation and the social cloth of the group. We wish to strengthen the presents of those companies. In case you are , you’ll be able to study extra in regards to the grants right here.

The Reimagine Essential Avenue 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, government director of Reimagine Essential Avenue, sat down with KCRA 3 to offer particulars on the grants forward of the applying deadline Tuesday evening.

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

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

Q: What do enterprise homeowners have to know earlier than making use of?

Halevi: Principally, there’s $2 million obtainable in grants. The applying course of could be very easy, but it surely closes on Tuesday at 11:59 pm ET. To be eligible, the enterprise should be 51% owned by AAPI and should function within the US. There are not any business restrictions.

There are two classes of grants: companies began earlier than the pandemic and companies began in the course of 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 firms do what they usually do, which is contribute to job creation and the social cloth of the group. We wish to strengthen the availability of those companies.

In case you are , you’ll be able to study extra in regards to the grants. right here.

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