SB'21: New Speakers. New Sessions!

Press Release
Visa and Visa Foundation Extend Support of Minority-led Small Businesses

Supporting small and micro businesses (SMBs) has been an urgent priority throughout the COVID-19 pandemic, with a great need among minority-owned small businesses, which are disproportionately impacted.

Building on Visa’s long-term commitment to this community, Visa Foundation today announced new initiatives to provide nearly $5 million in capital to minority-led SMBs, amid a second wave of COVID-19. Visa also announced mentorship programs to further support minority-led SMBs. At the same time, the Visa Economic Empowerment Institute (VEEI) released a new white paper, Supporting Social Equity by Boosting Small Businesses. The paper highlights that Black and African American-owned businesses experienced a larger drop in business ownership (41 percent) than other businesses.

Read the full release here.

Advertisement

More Stories

Featured Brand Voices

Have Sustainable Brands delivered right to your inbox.
We offer free, twice weekly newsletters designed to help you create and maintain your company's competitive edge by adopting smarter, more sustainable business strategies and practices.
Copyright ©2007-2021 Sustainable Life Media, Inc. All Rights Reserved.
Sustainable Brands® is a registered trademark of Sustainable Life Media, Inc.