The Local Initiative Support Corporation (LISC) has announced that it will award grants to 50 small businesses through the Coramino Fund, a partnership with Kevin Hart’s Gran Coramino Tequila. The grant will be available to small businesses in cities across the United States, with a focus on small businesses negatively impacted by the COVID-19 pandemic.
The Coramino Fund was established in 2021 as a response to the economic devastation caused by the pandemic. The partnership between LISC and Gran Coramino Tequila was formed with the aim of providing much-needed financial support to small and medium enterprises in underserved regions.
Each grant is worth $10,000 and is available to companies that meet certain eligibility criteria. To be eligible for the subsidy, businesses must demonstrate that they have no more than 50 employees, are located in his designated LISC service area, and have been adversely affected by the pandemic.
Grant applications will begin on March 15, 2023 and will be accepted on a rolling basis until all 50 grants have been awarded. Companies can apply online through the LISC website.
Kevin Hart, founder of Gran Coramino Tequila, expressed excitement about the partnership with LISC and the impact it will have on small businesses. “Small businesses are the backbone of our community and economy, and they need our support more than ever,” he said. “We are proud to partner with LISC and the Coramino Fund to provide financial assistance to those most in need.”
The Coramino Fund is just one of many initiatives launched by LISC to help small businesses during the pandemic. In addition to grants, LISC provides technical assistance and access to capital to help businesses survive and grow.
As the COVID-19 pandemic continues to have a devastating impact on small businesses, initiatives like the Coramino Fund are critical to their survival. By providing financial assistance and support, LISC and Gran Coramino Tequila are helping these companies continue to serve their communities and drive economic growth.
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Details: Small Business Grants