Twenty non-profit organizations within the New North region this week received awards totaling $110,000 from a microgrant fund designed to support ethnic and diverse businesses in their startup or growth phase. The fund was established earlier this year by New North Inc. in partnership with The Business Council (TBC) and the Ethnic & Diverse Business Coalition (EDBC).
“After careful evaluation and consideration of submitted applications, we are grateful to be able to provide meaningful support to so many organizations across the New North region,” says Juan Corpus, vice president of diversity, equity & inclusion for New North Inc. “Funding recipients aligned with our mission and criteria, and we believe their events and/or initiatives will make a significant impact in their respective communities.”
Microgrant applications were evaluated on the potential impact of their intended project(s), the overall feasibility and sustainability of an initiative, and alignment with the goals of the New North-TBC-EDBC partnership. Award amounts were based on each organization’s proposal and its budgetary needs.
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