The Entrepreneurial Advisory Committee has distributed a total of $270,000 in funding to 25 locally-owned small businesses. The grants were awarded in December 2024 for business costs incurred throughout 2025.
The MBE Grant fund was established in 2020 as a response to the economic impact of the Covid-19 pandemic and was funded with local donations.The goal of the fund is to promote sustained economic recovery and job retention for Black and Latinx-owned small businesses in Winston-Salem and Forsyth County. Over the past five years, the fund has allocated a total of just under $1.2 million, with the 2025 cohort marking the final round of recipients. Over the course of the five-year fund, 104 grants have been awarded to 76 local businesses in total.
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