(Image: iStock / martin-dm)
Food and beverage companies are suffering from massive closings due to COVID-19 or the novel coronavirus, a pandemic restriction on eating in the house. While the James Beard Foundation has decided not to hold their famous awards show for those in the food sector, they have announced they will unveil a new mutual fund for black and indigenous companies affected by COVID-19.
The James Beard Foundation mutual fund will work with the organization to distribute grants to companies across the country Open For Good campaign that started in April this year. This initiative was taken to help rebuild the independent restaurant industry, which has suffered badly from the public health crisis.
“The new fund is part of the foundation’s ongoing commitment to empower black and indigenous entrepreneurs in their industry, not just in the face of the pandemic, but forever,” said Community Vice President of the James Beard Foundation Colleen Vincent in a press release.
“Financial resources are all the more effective when they are supported by organizations and experts who are available to provide guidance on professional skills such as marketing, structuring business plans, and contract negotiation. The foundation is creating new partnerships to bring this value to its grant recipients so that these businesses can thrive over the long term. “
Entrepreneurs can visit the website to learn more about how to apply.