October 19, 2020         
Hollywood's LGBTQ+ Council Launches Mobilization March Of Equality Voters   •   William & Mary University Agrees to Reinstate Women's Gymnastics, Swimming and Volleyball; Comply Fully with Title IX in Two   •   Olay Faces the STEM Gap: Olay Is the First Skincare Brand to Debut a Float in the Annual Macy’s Thanksgiving Day Parade&r   •   2020 Census Response Rate Update: 99.98% Complete Nationwide   •   Galapagos Federal Systems expands presence in key Colorado market   •   AboveBoard Launches as a Revolutionary Solution For Building Executive & Board Diversity   •   Prop 24 Campaign Announces Endorsements From Community And School Leaders, Advocates To Protect Kids Online   •   Midas Gold Group to Open New Phoenix Office with a Celebration in Appreciation of US Veterans   •   ESSENCE and Higher Heights Amplify the Stories and Voices of Black Women in the Final Weeks Leading to Election 2020   •   First Women’s Bank Will Launch with Fiserv Technology to Help Bridge the Gender Gap in Access to Capital   •   New AARP Pennsylvania Presidential Poll Continues to Show Tight Race Among 50+ Voters   •   Louis Hernandez Jr.'s Foundation For A Bright Future Opens Annual Scholarship Applications   •   The Estée Lauder Companies to Webcast Discussion of Fiscal 2021 First Quarter Results on November 2, 2020   •   The Dan Marino Foundation Debuts Specialty License Plate That Will Raise Funds for Programs Benefiting Autism and Other Disabili   •   Sankofa.org and The Latino Community Foundation Join Forces with The Young Turks in Final Push to Reach 125 Million Latinx Voter   •   Major League Soccer Announces Steps to Combat Racism and Increase Black Representation   •   Tiller Civic Engagement Survey Finds: When It Comes to Electing a President, Character Still Counts   •   42 Ameriprise Financial Advisors Named to Working Mother Magazine’s Top Wealth Advisor List   •   New Comcast Business Solution Powered by Aruba Brings Secure, Enterprise-grade Office Connectivity from Home   •   Berry Appleman & Leiden is #1 Best Law Firm for Female Attorneys by Law360
Bookmark and Share

Wish Launches $2 Million Fund To Support Black-owned Businesses

Wish Launches $2 Million Fund To Support Black-owned Businesses

The Wish Local Empowerment Program is set to impact more than 4,000 small businesses across the US

PR Newswire

SAN FRANCISCO, Sept. 23, 2020 /PRNewswire/ -- Wish, one of the largest and fastest growing global ecommerce platforms, is today announcing the launch of a $2 million fund to support independent, black-owned retail businesses across the US.

Eligible business owners can apply for a $500 to $2,000 grant to help rebuild or reinvigorate their business. Funds can be allocated to a wide range of business needs, including workforce, operating costs, inventory and marketing.

The move follows the news that black-owned businesses in the US, which are highly concentrated in retail, food and beverage and other service industries, are amongst the hardest hit by COVID-19 lockdowns. Between February and April 2020, the number of black business owners in the US dropped by 41%, vs 17% for white business owners[1]. The challenges that face black-owned businesses in the US look likely to prevail well into next year.

Hassan Yahya, VP of Experience at Wish, said: "This is something we've wanted to do for some time but the COVID-19 pandemic crisis and the Black Lives Matter movement has really fast-tracked our mission. The Wish Local Empowerment Program provides a starting point for us to support independent, black-owned businesses who are often denied government aid and lack other financial resources to fall back on. By joining the Wish Local network, we can help black-owned businesses tap into the growing demand for ecommerce, as well as diversify their core revenue streams. We really hope we can make a difference and create a lasting impact on the equality and diversity of US businesses."

The fund is being financed by Wish Local - a partnership program between Wish and a global network of brick-and-mortar stores. Any small business owner can apply, as long as they meet the following criteria:

  • 100% black-owned or majority black-owned
  • Brick-and-mortar store located within the US
  • 20 or fewer full-time employees
  • Annual revenue of less than $1 million in the last twelve months

As part of the initiative, Wish has partnered with Official Black Wall Street and Long Island African American Chamber of Commerce (LIAACC) to help promote the program amongst their networks.

To apply, business owners must tell Wish about their store and why they qualify for the program. Our committee will then review all applications to select which stores will receive funds and allocate funds accordingly. All successful applicants join the Wish Local program - a global network of 40,000 partner stores around the world. Through the program they can sign up as a Wish Pickup point or take advantage of our Sell on Wish feature which gives small retailers an immediate digital presence by allowing them to trade their own inventory online. Sign up is free and Wish takes no cut of any product upload, sale or delivery fee.

The news further enhances Wish's ongoing drive to expand its merchant footprint in North America and Europe and, in doing so, revitalize local communities who are amongst the hardest hit by the COVID-19 pandemic.

To apply for a grant, visit www.wish.com/local/empowerment. Download the Wish Local app or follow @WishLocal on Twitter, Facebook, Instagram and YouTube.

1. Reuters, June 16, 2020


Cision View original content:http://www.prnewswire.com/news-releases/wish-launches-2-million-fund-to-support-black-owned-businesses-301136799.html


Back to top
| Back to home page

White House Live Stream
alsharpton Rev. Al Sharpton
9 to 11 am EST
jjackson Rev. Jesse Jackson
10 to noon CST


Sounds Make the News ®
Atlanta - WAOK-Urban
Berkley / San Francisco - KPFA-Progressive
Chicago - WVON-Urban
KJLH - Urban
Los Angeles - KJLH - Urban
WKDM-Mandarin Chinese
New York - WKDM-Mandarin Chinese
New York - WADO-Spanish
WBAI - Progressive
New York - WBAI - Progressive
Washington - WOL-Urban

Listen to United Natiosns News