Comcast Corporation recently announced that Comcast RISE—an initiative created in 2020 to help strengthen and empower small businesses hard hit by COVID-19—has met its goal of supporting 13,000 small businesses nationwide by the program’s close at the end of 2022. In total, Comcast RISE has provided over $110 million in monetary, marketing, and technology grants to 13,000 small businesses owned by women and people of color – including Black, Indigenous, Hispanic, and Asian Americans, among others.
U.S. small businesses were particularly hard hit by the pandemic, which is why Comcast RISE was launched in 2020. A study from the National Bureau of Economic Research cited that Black-owned small businesses were hardest hit.
Comcast RISE is one of several programs that Comcast has overseen aimed at closing the digital divide and achieving digital equity. A new phase of Comcast RISE in 2023 will continue the company’s efforts and help an even broader range of small businesses, while continuing to focus on diversity, inclusion, and community investment.
“We recognize that small businesses are the backbone of our economy and look forward to taking our learnings from this program as we find new ways to further empower and strengthen even more small businesses and entrepreneurs at the heart of our local communities,” said Teresa Ward-Maupin, Senior Vice President, Digital and Customer Experience, Comcast Business.
Additional details about Comcast RISE in 2023 will be forthcoming. For more information on Comcast’s continuing programs and partnerships to advance economic mobility and open doors for the next generation of entrepreneurs, visit Project UP.