The PepsiCo Foundation And National Urban League Unveil First Grantees Of $10 Million Black Restaurant Accelerator Program

The PepsiCo Foundation and the National Urban League announced the first grant recipients of their Black Restaurant Accelerator Program, a joint $10 million initiative that will provide 500 Black restaurant owners in 12 cities over the next five years with capital, technical assistance, and mentorship services. As the United States begins to reopen, this program is providing critical support to Black restaurateurs who were disproportionately impacted by the pandemic. This announcement recognizes the vital contributions of Black-owned restaurants to the fabric of American culture, as well as the need to…

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National Urban League Launches Black Restaurant Accelerator Program Powered by $10 Million Grant from PepsiCo Foundation

The National Urban League and PepsiCo joined forces to create the Black Restaurant Accelerator, which will boost approximately 500 Black-owned businesses over the next five years. The PepsiCo Foundation is providing a $10 million grant to fund the program, which will provide current and aspiring Black restaurateurs with access to capital, training, mentorship and other support services that are necessary for business success. Black entrepreneurs have long faced systemic barriers to growth, including access to loans and capital, biased community perceptions and gentrification challenges. These hurdles have been compounded by…

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Morgan Stanley Announces $10 Million to Support National Urban League Collaboration

Morgan Stanley is pleased to announce $10 million in grants to support the National Urban League (NUL) and expand a number of critical initiatives in communities where the Urban League operates. The funds will support the following initiatives: Infrastructure support for NUL’s Urban Empowerment Fund, credit union and NUL’s financial literacy and homeowner counseling programs. NULs Workforce Development Program with an emphasis on technology programs that help close the digital divide by expanding broadband access for communities and households that lack affordable high speed internet. The current pandemic has demonstrated…

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