The Comcast RISE Investment Fund provides monetary grants to help Black, Indigenous, and People of Color (BIPOC)-owned, small businesses grow as they navigate the challenges of the pandemic.
The Investment Fund is the latest extension of Comcast RISE (Representation, Investment, Strength, and Empowerment), the multi-year, multi-faceted initiative launched in 2020 to provide BIPOC-owned, small businesses the opportunity to apply for marketing and technology services from Comcast Business and Effectv, the advertising sales division of Comcast Cable.
Comcast RISE is part of a larger $100 million Diversity, Equity and Inclusion initiative that Comcast launched this summer. In June 2020, Comcast NBCUniversal announced the development of a comprehensive, multi-year plan to allocate $75 million in cash and $25 million in media over the next three years to fight injustice and inequality against any race, ethnicity, gender identity, sexual orientation or ability.
Grant Details
Comcast will award 500 grants totaling $5 million as follows:
- 100 small businesses will be awarded in each city
- Each business will receive a $10,000 monetary grant
- Application period is March 1-14, 2021
- Grants willl be announced at the end of April 2021 and awarded in May 2021
- Applications will be available online at www.ComcastRISE.com
Grant Eligibility
Business must:
- Be established business operations for 3 or more years
- Have one to 25 employees
- Be located in the following areas to be eligible: Atlanta, GA (Clayton, Cobb, DeKalb, Fulton, and Gwinnett Counties); Chicago, IL (Cook County including the City of Chicago); Detroit, MI (also including Hamtramck and Highland Park, MI); Houston, TX (Harris and Fort Bend Counties); and Philadelphia, PA (City of Philadelphia and the City of Chester.)
Contact Information
Application Questions: AEO (Association for Enterprise Opportunity) | smb@aeoworks.org
For additional questions, please call: (844) 963-0234
IF A BUSINESS IS NOT ELIGIBLE FOR THE COMCAST RISE INVESTMENT FUND, APPLICATIONS ARE OPEN FOR MARKETING AND TECHNOLOGY SERVICES.