NEW YORK, March 22nd, 2022– The Asian American Business Development Center (AABDC) is proud to announce that it has been selected again along with 100 Black Men and Hispanic Federation as partners by Hennessy in Unfinished Business, an initiative that will dispense grants to Asian Americans, African Americans and Hispanic small businesses that apply for, and qualify, for funding.
Click on the button below to check your eligibility and apply:
Eligibility Requirements
Black, Asian, and/or Latinx small-business owner
Business is registered in the US and its territories as a legal entity, with a valid EIN
Applicants must have a physical US address (No P.O.Box)
Annual sales not to exceed $3 million USD
Total employees not to exceed 50
All owners at least 21 years of age
Have been in business for at least two years as of March 2022
Does not have an alcohol beverage license
Business is NOT a non-profit organization, smoke shop, or firearm business
To receive this funding, one must have a bank account that accepts electronic transfers
In the spirit of Hennessy’s ethos ‘Never Stop, Never Settle’, your business intends to support the community in the future
For additional information, see Full Terms and Conditions.
Small businesses are the bedrock of the U.S. economic ecosystem and are often the entry point for immigrants building new lives. 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.
Each organization will facilitate the distribution of $7,500 per business beginning in July, with applications open from March 22nd. In addition to capital, the initiative will also provide access to information, educational content, and other assets to help safeguard continuity during and after the COVID-19 crisis.
“AABDC has long supported the spirit of entrepreneurism and business excellence in the Asian American community,” said John Wang, founder and president at AABDC. “We have also championed the value of cross-cultural collaboration, and believe in actions that support other communities so that we can all progress together. In these difficult days, it’s more important than ever to promote unity, and Hennessy’s Unfinished Business aptly describes the hard work ahead for society to support each other and to move past differences and divisions.”
The eligible expenses for which the grants can be applied include payroll and operating expenses, rent, mortgage payments, and utility bills.