Small businesses are the bedrock of the U.S. economy. The COVID-19 pandemic and recent civil unrest in America have dealt crippling blows to many small businesses, with minority communities bearing a disproportionate share of the impact.
The Asian American Business Development Center (AABDC) is proud to announce that it has been selected, along with 100 Black Men and the Hispanic Federation, as partners in Hennessy’s Unfinished Business, a new initiative that will dispense grants to Asian American, African American and Hispanic small businesses that apply for and qualify for funding.
Applications open on June 22.
Nomination/Application Criteria and Requirements
- Asian American small-business owner
- Business is registered in the U.S. and its territories as a legal entity, with a valid EIN number
- Applicants must have a physical U.S. address (No P.O.Box)
- Annual sales not to exceed $3 million
- Total employees not to exceed 50
- Owner at least 21 years of age
- Have been in business for at least two years as of March 2020
- Does not have a liquor license
- To receive this funding, must have a bank account that accepts electronic transfers
- In the spirit of Hennessy’s ethos ‘Never Stop, Never Settle’, your business intends to pay it forward to the community