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Mayor Turner Applauds Comcast for Awarding $1 Million in Grants to BIPOC-Owned, Compact Enterprises in Houston

February 9, 2021 — Mayor Sylvester Turner, the Comcast Company, and quite a few community leaders collected at Metropolis Hall now to announce the Comcast Rise Financial investment Fund, which will award $5 million pounds of grants to hundreds of Black, Indigenous, and Men and women of Colour (BIPOC)-owned, modest enterprises in 5 towns nationwide, which include $1 million in Houston.

Starting on March 1 through March 14, qualified corporations in Houston, in addition to Atlanta, Chicago, Detroit and Philadelphia, can implement for a $10,000 grant at www.ComcastRISE.com. A full of 100 grants in Houston, or 500 grants over-all, will be awarded in May perhaps 2021. The Investment decision Fund is the hottest extension of Comcast Increase, the multi-12 months, multi-faceted initiative launched in Oct 2020 that to begin with focused on black-owned, compact corporations and then extended to BIPOC-owned to enable those people most difficult strike by COVID-19.

“The Metropolis of Houston appreciates the pandemic has made worries for many small corporations, especially minority-owned firms, and we proceed to do almost everything we can to assistance them endure right up until matters get far better,” stated Mayor Sylvester Turner. “The Comcast Increase Expenditure Fund will guarantee that 100 modest companies that exist nowadays keep on to exist tomorrow. I really motivate BIPOC-owned compact enterprises that are in most economical want to choose advantage of this fantastic opportunity.”

The Comcast Increase Financial investment Fund is focused on small firms who have been in organization for a few or extra years with 1-25 workers. Enterprises need to be in the next geographic locations to be qualified: Houston, TX (Harris and Fort Bend Counties).

To assist travel outreach about the system and deliver further guidance, schooling and mentorship, Comcast has also awarded much more than $2 million to just about 20 neighborhood-primarily based organizations in the five metropolitan areas, which includes Houston Hispanic Chamber of Commerce, Higher Houston Black Chamber, Asian Chamber of Commerce, Increased Houston LGBT, Houston East End Chamber and Cámara de Empresarios in Houston, as properly as the Affiliation for Enterprise Opportunity (AEO), Operation Hope, Ureeka, U.S. Black Chambers, U.S. Hispanic Chamber of Commerce, Nationwide Asian American Chamber of Commerce.

“Small enterprises have generally performed an integral job in Houston’s progress and long term,” explained Ralph Martinez, senior vice president for Comcast’s Houston region. “In the midst of the pandemic, these business people furnished numerous of the companies and assets that have stored our communities up and jogging.”

Scientific tests present that BIPOC-owned, modest organizations have been particularly challenging hit by the pandemic, and the latest investigation by JPMorgan Chase Institute observed that Atlanta, Chicago, Detroit, Houston and Philadelphia were being in the top marketplaces for sharp declines in community commerce spending. Moreover, the majority of apps for the Comcast Increase marketing and know-how solutions part are from these 5 towns.

“Unfortunately, quite a few smaller firms in Houston have been not in a position to withstand the several months of suppressed revenues.  Whilst we remain optimistic about our economic restoration, community-personal partnerships will enjoy a vital position in minimizing the disruptions that so many little businesses, especially minority-owned business, are facing,” mentioned Vice Mayor Pro Tem Martha Castex-Tatum who chairs the City of Houston’s Financial Development Committee.

In addition to the investment decision fund, Comcast Rise, which stands for “Representation, Investment, Power and Empowerment,” delivers the opportunity for BIPOC-owned, tiny companies nationwide to apply for a person or far more of the pursuing assist concentration parts for the opportunity to acquire a single. About 700 recipients ended up introduced in November, with the following wave of recipients to be announced in March 2021.

• Promoting Solutions: The following providers from Effectv, the promoting income division of Comcast Cable, and its imaginative agency, Mnemonic, are developed to support recipients with their advertising and marketing and media campaigns, which include:
  • Media: A linear Tv media campaign to operate around a 90-day period.
  • Imaginative Output: Turnkey :30 Television set business generation, plus a media system session and 90-working day media placement program.
  • Consulting: Marketing and advertising and marketing consultations with area Effectv marketing, investigate and creative groups to achieve insights on how to push company.

 

• Technologies Makeovers: The point out-of-the-artwork equipment and engineering update from Comcast Company consists of computer system machines as well as World wide web, Voice and Cybersecurity companies for up to a 12-thirty day period time period. (Taxes and other service fees may still implement for know-how makeover expert services.)

In addition, all eligible applicants will get a every month Comcast Increase e-newsletter with academic material, and all little organization homeowners can pay a visit to the Comcast Increase place on the X1 platform, which attributes aggregated tiny organization information, recommendations, insights and extra. The vacation spot is designed to enable organizations develop by empowering them by means of inspiration and enjoyment. Just say “Comcast RISE” into the X1 voice distant.

Comcast Rise is portion of a more substantial $100 million Variety, Equity and Inclusion initiative that Comcast launched this summer months. In June, 2020, Comcast NBCUniversal introduced the enhancement of a in depth, multi-12 months strategy to allocate $75 million in hard cash and $25 million in media around the future three yrs to combat injustice and inequality against any race, ethnicity, gender identification, sexual orientation or ability.

Much more information and the programs to implement for either the grant plan or the marketing and technological know-how expert services are readily available at www.ComcastRISE.com.
 
About Comcast Company
Comcast Corporation (Nasdaq: CMCSA) is a world wide media and technological know-how company with three most important companies: Comcast Cable, NBCUniversal, and Sky. Comcast Cable is one of the United States’ greatest substantial-velocity online, movie, and cell phone companies to residential consumers beneath the Xfinity manufacturer, and also offers these providers to companies. It also delivers wireless and stability and automation companies to residential clients underneath the Xfinity manufacturer. NBCUniversal is world and operates information, entertainment and athletics cable networks, the NBC and Telemundo broadcast networks, television creation operations, television station groups, Universal Shots, and Universal Parks and Resorts. Sky is one of Europe’s leading media and enjoyment organizations, connecting shoppers to a wide range of movie content material by means of its spend television providers. It also presents communications solutions, including household large-speed net, phone, and wireless products and services. Sky operates the Sky News broadcast community and sports and leisure networks, creates primary content, and has exclusive content material legal rights. Visit www.comcastcorporation.com for more information and facts.

About Comcast Enterprise
About Comcast Organization Comcast Company features Ethernet, Web, Wi-Fi, Voice, Television and Managed Company Answers to help businesses of all measurements renovate their small business. Run by an innovative community, and backed by 24/7 purchaser help, Comcast Company is one of the major contributors to the development of Comcast Cable. Comcast Business is the nation’s major cable service provider to smaller and mid-measurement firms and has emerged as a force in the Organization sector identified above the past two several years by primary marketplace associations as one of the speediest escalating vendors of Ethernet services. For far more information, stop by www.business.comcast.com or contact 866- 429-3085. Comply with on Twitter @ComcastBusiness and on other social media networks at http://company.comcast.com/social.

About Effectv
Effectv, the marketing sales division of Comcast Cable, assists community, regional and countrywide advertisers use the greatest of digital with the electric power of Tv to improve their organization. It presents multi-monitor marketing answers to make marketing campaigns additional efficient and much easier to execute. Headquartered in New York with offices all through the region, Effectv has a existence in 66 markets with almost 35 million owned and represented subscribers. For much more details, visit www.effectv.com.