Published on May 30, 2021
| 09 am
Women Economic Ventures (WEV) will receive $ 50,000 in funding to help minority employers and 1,099 workers as they recover from the COVID-19 pandemic.
The grant, awarded by Kaiser Permanente, the country’s largest integrated non-profit healthcare system and the National Association of Asset Builders of the Latin Community (NALCAB), will also provide technical assistance and training as part of the WEV’s work to provide culturally relevant support to low-income employers and 1,099 colored contract workers.
“The pandemic has been particularly difficult for minority and women’s businesses,” said Kathy Odell, CEO of WEV. “WEV is incredibly grateful for the opportunity to partner with NALCAB and Kaiser Permanente to provide much needed training and capital to minority businesses in Ventura County.
“This innovative program will provide forgiving loans and specific training to help them move forward with confidence and create sustainable and successful businesses.”
Through a competitive process, organizations in California, Colorado, Georgia, Hawaii, Maryland, Oregon, Virginia, Washington, and Washington, DC, could apply for grants of up to $ 60,000 administered by NALCAB.
Grants will support resilience among entrepreneurs, including adapting their business model more effectively to restrictions on public health guidance and assistance in navigating and accessing federal, state, and local governments. as well as philanthropic, emergency aid and business assistance resources.
Through its commitment to fostering economic opportunities for traditionally poor communities, Kaiser Permanente has also designated $ 15 million in grants to increase access to formal training, business networks, and recovery and growth capital to help leading companies. for Latinos and other groups to overcome systemic economic disadvantages. .
“With the knowledge that the return to business as always is far away, it is urgent that small businesses and entrepreneurs of color who have suffered disproportionate financial setbacks during the pandemic receive help and assistance to maintain their vitality,” said Stephanie Ledesma, Acting Senior Vice President of Community Health Programs for Kaiser Permanente.
For more information on Women Economic Ventures, visit www.wevonline.org.