October 17, 2021

Vision Cim

Thank Business Its Friday

Comcast Rise Commits $11 Million in Grants to Modest Business enterprise House owners of Colour as Section of Ongoing Hard work to Progress Equitable Economic Mobility in Towns Nationwide

NEW YORK–(Enterprise WIRE)–Comcast introduced now a next spherical of metropolitan areas to get grants from the Comcast Increase Investment Fund, giving $6 million added pounds to hundreds of smaller corporations owned by people of coloration, which include Black, Indigenous, Hispanic, and Asian American homeowners, among the some others, bringing the total to $11 million in grants awarded as element of the Comcast Rise Expenditure Fund initiative.

Starting on October 1, and by October 14, qualified organizations in Houston, Miami, Oakland, Seattle, the Twin Cities, and Washington, D.C. can apply for a $10,000 grant at www.ComcastRISE.com. A overall of 100 grants for each town, or 600 grants over-all, will be awarded in November 2021. The Expense Fund is an extension of Comcast Increase, the multi-12 months, multi-faceted initiative launched in Oct 2020 to assistance modest organizations owned by men and women of colour and give the assets and equipment they require right now and in the upcoming.

Comcast Rise Recipients to Day

Comcast also declared its fourth round of Comcast Rise recipients, which consists of 1,100 small organizations owned by people of color, that will obtain a Television set marketing campaign, output of a Tv set commercial or consulting services from Effectv or laptop or computer products, world-wide-web, voice or cybersecurity from Comcast Business, as effectively as accessibility to Ureeka, an on line system for entrepreneurs with a specialized on the internet networking local community with academic assets, resources of cash, and vetted experts. To date, approximately 4,700 Comcast Rise awardees have been announced and the method will have supported 13,000 modest companies by the end of 2022.

“While we know that no solitary corporation can resolve historic and systemic inequities right away, we are committed to using tangible actions that can push very long-time period influence and transform,” mentioned Teresa Ward-Maupin, Senior Vice President, Electronic and Buyer Practical experience, Comcast Business. “Comcast Increase and the Comcast Rise Expense Fund supply the option for small businesses owned by people today of colour to support grow their firms, make work opportunities, and enjoy a crucial part in supporting our communities. This new round of Comcast Increase grants will offer far more business people of colour with the sources and equipment they have to have to scale their corporations and thrive for years to come.”

The Comcast Rise Investment decision Fund is focused on modest corporations that have been in organization for three or much more a long time with 1-25 workforce. Enterprises will have to be in the following geographic spots to be suitable: Miami, FL (Miami-Dade and Broward Counties) Minneapolis-St. Paul, MN (Anoka, Carver, Dakota, Hennepin, Ramsey, Scott, and Washington Counties) Oakland, CA (City of Oakland)

Seattle, WA (King and Pierce Counties) and Washington, D.C. (Wards 1-8).

To assist drive recognition about the system and offer additional guidance, education, and mentorship, Comcast has also awarded guidance to Operation Hope, Ureeka, U.S. Black Chambers, U.S. Hispanic Chamber of Commerce, Hispanic Heritage Basis, Nationwide Asian American Chamber of Commerce, National CAPACD, Indigenous Girls Guide, Nationwide Congress of American Indians, Walker’s Legacy, Girls Impacting Community Coverage, Blavity.org, and just about 40 community-dependent organizations in Houston, Miami, Oakland, Seattle, the Twin Metropolitan areas, and Washington, D.C.

“Ureeka is very pleased of the commitment that Comcast is building to business owners of colour, and we are humbled to be a component of this program,” said, Melissa Bradley, Co-Founder, Ureeka. “We know there are stark racial disparities in obtain to funds and sources for entrepreneurs of coloration – in reality, experiments clearly show that enterprise owners of coloration are two times as probably as all enterprise house owners to report ‘lack of entry to enterprise financial loans/credit’ as a purpose for closure. This system allows bridge the gap involving survival and failure in the midst of a pandemic which carries on to additional exaggerate systemic injustices. The extra coaching and neighborhood connections that these corporations obtain, in addition to financial funding or providers, will help these firms acquire important techniques and chances that will help them go from endure to thrive.”

Comcast Increase Marketing and Technological innovation Services

In addition to the Expense Fund, Comcast Increase, which stands for “Representation, Expense, Strength and Empowerment,” presents the opportunity for small businesses owned by individuals of coloration nationwide to utilize for a person or much more of the next assist target spots with the chance to acquire a single.

  • Marketing Solutions: The following companies from Effectv, the promoting gross sales division of Comcast Cable, and its resourceful company, Mnemonic, are intended to assistance recipients with their marketing and media campaigns, together with:

    • Media: A linear Tv set media campaign to run in excess of a 90-day time period.
    • Inventive Output: Turnkey :30 Television commercial generation, plus a media system session and 90-working day media placement timetable.
    • Consulting: Advertising and marketing and promoting consultations with local Effectv marketing and advertising, research, and inventive teams to attain insights on how to push small business.
  • Engineering Makeovers: The condition-of-the-artwork devices and engineering upgrade from Comcast Company contains personal computer products as properly as World wide web, Voice, and Cybersecurity solutions for up to a 12-month time period. (Taxes and other charges may continue to implement for technological innovation makeover solutions.)
  • Monetary Grants: In spherical one particular, which was introduced in April of 2021, the Comcast Increase Financial commitment Fund presented $5 million in grants to 500 little corporations owned by folks of colour in five cities: Philadelphia/Chester, Houston, Atlanta, Chicago, and Detroit. As pointed out earlier mentioned, the Comcast Rise Investment decision Fund will supply an more $6 million in grants to 600 little firms owned by folks of shade in 6 towns: Miami, Houston, Oakland, Seattle, the Twin Metropolitan areas, and Washington, D.C.

All qualified applicants will receive a month-to-month Comcast Increase publication with educational articles, and all tiny organization entrepreneurs can pay a visit to the Comcast Rise vacation spot on the X1 system that includes aggregated smaller small business news, guidelines, insights, and much more. Just say “Comcast RISE” into the X1 voice remote.

Comcast’s Ongoing Determination to Advancing Digital Fairness

Comcast Increase is part of Comcast’s ongoing initiatives to progress digital equity and support offer underrepresented compact business proprietors with obtain to the electronic equipment and funding they will need to prosper. Over the subsequent 10 yrs, Comcast has committed $1 billion to systems and partnerships that will access an believed 50 million men and women with the techniques, prospects, and assets they want to realize success in an increasingly electronic globe.

Much more info and the apps to apply for possibly the grant software or advertising and technologies services are obtainable at www.ComcastRISE.com.

About Comcast Corporation

Comcast Corporation (Nasdaq: CMCSA) is a world media and technologies firm that connects folks to times that matter. We are principally centered on broadband, aggregation, and streaming with 57 million consumer interactions across the United States and Europe. We provide broadband, wireless, and video clip by means of our Xfinity, Comcast Small business, and Sky manufacturers develop, distribute, and stream foremost enjoyment, athletics, and news by way of Universal Filmed Enjoyment Group, Universal Studio Team, Sky Studios, the NBC and Telemundo broadcast networks, several cable networks, Peacock, NBCUniversal News Team, NBC Sporting activities, Sky News, and Sky Athletics and provide memorable ordeals at Common Parks and Resorts in the United States and Asia. Visit www.comcastcorporation.com for additional information.

About Comcast Business

Comcast Organization gives Ethernet, World wide web, Wi-Fi, Voice, Tv and Managed Organization Solutions to enable corporations of all dimensions completely transform their enterprise. Run by an advanced community, and backed by 24/7 buyer assist, Comcast Company is one particular of the greatest contributors to the progress of Comcast Cable. Comcast Business enterprise is the nation’s major cable company to compact and mid-dimension companies and has emerged as a drive in the Enterprise market regarded above the final two years by major field associations as one particular of the fastest expanding companies of Ethernet solutions. For far more info, take a look at www.company.comcast.com or contact 866- 429-3085. Comply with on Twitter @ComcastBusiness and on other social media networks at http://organization.comcast.com/social.

About Effectv

Effectv, the marketing revenue division of Comcast Cable, aids community, regional and nationwide advertisers use the best of electronic with the energy of Tv to improve their enterprise. It presents multi-display screen marketing and advertising remedies to make promoting campaigns much more powerful and much easier to execute. Headquartered in New York with workplaces all through the nation, Effectv has a presence in 66 markets with approximately 35 million owned and represented subscribers. For additional details, check out www.effectv.com.