Mastercard is Launching "The Catalyst Fund"

Smith, Sonya, NYSBDC State Director wrote...
"Mastercard is launching "The Catalyst Fund", in partnership with Global Entrepreneurship Network (GEN) and Hello Alice, to award $175,000 in grants to Black entrepreneurs to help them succeed. Mastercard aims to empower small businesses in the U.S. by bringing together financial service providers, small business support organizations, and tech platforms to equip small businesses with digital tools to enable their resilience and growth."
To be eligible, applicants must be a for-profit business majority owned (51+%) by a Black-identifying entrepreneur(s) based in Atlanta, Birmingham, Dayton, Los Angeles, New Orleans, New York City, St. Louis and/or Washington D.C. as defined here. Applications are open now through Friday, March 31, 2023, at 6:00 PM ET. Learn more: https://bit.ly/3xIRGuR




Access to funding can make a meaningful difference for entrepreneurs who are working to grow their businesses. It’s encouraging to see initiatives that provide grants and highlight the importance of digital tools, business support, and long-term resilience. Clear eligibility details also help business owners understand whether an opportunity fits their needs. Entrepreneurs can explore this Business Hub for additional local business resources.
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