COMCAST RISE, NATIONAL INITIATIVE TO SUPPORT SMALL BUSINESSES, AWARDS 100 ALLEGHENY COUNTY BUSINESSES WITH $10,000 GRANTS
To date, Comcast RISE has awarded more than $16 million in grants and $75 million in in-kind support for marketing and technology services, impacting more than 9,500 entrepreneurs nationwide
PITTSBURGH, July 26, 2022 /PRNewswire/ -- Comcast today announced it will award $1 million in total grants to 100 Allegheny County small businesses owned by women and people of color, including Black, Indigenous, Hispanic, and Asian American owners, among others. The recipients are among more than 9,500 entrepreneurs nationwide who have been selected through the Comcast RISE program, which provides marketing, technology, and capital support to small business owners.
Comcast RISE and the Comcast RISE Investment Fund initially launched in 2020 as a response to help small business owners of color who were hardest hit by the economic impacts of the COVID-19 pandemic. In November 2021, Comcast announced a major expansion to eligibility, enabling all women-owned small businesses nationwide to apply. This expansion built on the program's success and aims to help address the persistent inequities women continue to face in accessing the resources and funding that are critical to success.
"Congratulations to the small businesses which will be receiving grants through the Comcast RISE Investment Fund," said County Executive Rich Fitzgerald. "It's no secret that the pandemic impacted our small businesses the most, and we thank Comcast for recognizing their challenges and the need with this program. Thanks to these resources, we look forward to having these entrepreneurs as part of our community for years to come."
"The Pittsburgh businesses who benefit from Comcast's $1 million in grants are hard-working, vital contributors to our community," said Pittsburgh Mayor Ed Gainey. "These grants are investments for our future and are key to helping transform Pittsburgh and create new pathways to prosperity and a thriving city."
With today's announcement, 100 selected businesses will each receive a $10,000 grant. Allegheny County's grant recipients include:
"As we continue to rebuild from the effects of the pandemic, small businesses still need our support. They are the backbone of our local communities, and we must take every opportunity to help them not only survive, but to thrive," said Toni Murphy, Senior Vice President, Comcast's Keystone Region. "When we launched Comcast RISE in 2020, we knew a profound need existed in many of the communities we serve, and we have now seen firsthand how the resources from Comcast RISE are continuing to benefit small businesses two and a half years since the program's inception."
To date, Comcast RISE has awarded more than $16 million in grants and $75 million in in-kind support for marketing and technology services, impacting more than 9,500 entrepreneurs in 704 cities across 37 states. By the end of 2022, 13,000 businesses across the country are expected to benefit from the Comcast RISE initiative, either through the grant program or from the resources provided through Effectv, the advertising division of Comcast Cable, and Comcast Business. In addition to the financial and business support services provided, a key part of the program is ensuring the long-term sustainability of businesses. To help address this, Comcast invests in and partners with organizations such as Ureeka to provide ongoing mentorship and resources to help small businesses succeed over the long term.
Comcast RISE stands for Representation, Investment, Strength, and Empowerment and is part of Project UP, the company's comprehensive initiative to advance digital equity and help build a future of unlimited possibilities.
More information and the applications to apply for either the grant program or marketing and technology services are available at www.ComcastRISE.com.
About Comcast Corporation
Comcast Corporation (Nasdaq: CMCSA) is a global media and technology company that connects people to moments that matter. We are principally focused on connectivity, aggregation, and streaming with 57 million customer relationships across the United States and Europe. We deliver broadband, wireless, and video through our Xfinity, Comcast Business, and Sky brands; create, distribute, and stream leading entertainment, sports, and news through Universal Filmed Entertainment Group, Universal Studio Group, Sky Studios, the NBC and Telemundo broadcast networks, multiple cable networks, Peacock, NBCUniversal News Group, NBC Sports, Sky News, and Sky Sports; and provide memorable experiences at Universal Parks and Resorts in the United States and Asia. Visit www.comcastcorporation.com for more information.
About Comcast Business
Comcast Business offers a suite of Connectivity, Communications, Networking, Cybersecurity, Wireless, and Managed Solutions to help organizations of different sizes prepare for what's next. Powered by the nation's largest Gig-speed broadband network, and backed by 24/7 customer support, Comcast Business is the nation's largest cable provider to small and mid-size businesses and one of the leading service providers to the Enterprise market. Comcast Business has been consistently recognized by industry analysts and associations as a leader and innovator, and one of the fastest growing providers of Ethernet services. For more information, call 866-429-3085. Follow on Twitter @ComcastBusiness and on other social media networks at http://business.comcast.com/social.
Effectv, the advertising sales division of Comcast Cable, helps local, regional and national advertisers use the best of digital with the power of TV to grow their business. It provides multi-screen marketing solutions to make advertising campaigns more effective and easier to execute. Headquartered in New York with offices throughout the country, Effectv has a presence in 66 markets with nearly 35 million owned and represented subscribers. For more information, visit www.effectv.com.
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