Black eBAY sellers expand and operate thanks to a subsidy of PLN 10,000. dollars

Several black-owned businesses selling items starting from consumer electronics to wigs are the brand new recipients of a $10,000 grant from online marketplace giant eBay.

In late September, the San Jose, California-based company selected 50 U.S. sellers will receive $10,000 for a total of $500,000 in grants. They gained training and mentorship to help strengthen and grow their businesses. Finalists will receive a $500 scholarship to equip themselves with essential business technologies and tools from eBay Refurbished.

The funding is a component of eBay’s Up & Running Grants program, now in its fifth 12 months. As a global marketplace, eBay reported receiving 18,000 entries from 28 states this 12 months. That’s a big deal because eBay said it received its largest and most diverse pool of such candidates to date.

Since 1995, eBay has been supporting small businesses. This has With 132 million lively buyers, it operates in greater than 190 markets around the globe and generated gross sales of $73 billion last 12 months.

Moreover, this 12 months’s candidates included 19% more entrepreneurs at an early stage of development than last 12 months. “Entrepreneurship is at the guts of eBay. We have all the time strived to empower small business owners and give them the tools they need to succeed,” said Dawn Block, vice chairman, general manager, eBay US.

Earlier this 12 months it was revealed that the grants could possibly be used for a number of purposes, including investment in recent equipment, inventory and marketing. The grants are intended to help Black eBay sellers and all of the corporate’s sellers.

eBay didn’t disclose the particular number of Black businesses that received the most recent grants. However, some Black entrepreneurs selling on eBay have shared how they plan to use the $10,000 grants. dollars.

Take, for instance, Walter Roberts of The Buying Spot, which sells a variety of goods in categories comparable to consumer electronics, sporting goods, clothing, footwear and accessories. He plans to use the funds to purchase recent equipment, make bulk purchases and travel to an eBay seller conference.

“It’s a great opportunity and I thank God for the opportunity to grow.”

For Rick Miller of Kris Kross Wigs, a wig entrepreneur within the health and beauty industry, the chance provided by eBay helped launch his business. “The finances will allow me to employ women in homeless shelters, train them and invest in wholesale materials that will make my wigs cheaper. My company serves a diverse clientele with products for all races, genders and ages.”

The grant will help spur development for Jonathan Copeland of Vino Club Village. His company sells a variety of categories including sports memorabilia, toys and hobbies, clothing, footwear and accessories.

“I plan to use these funds to further grow my business by investing in high-quality products and improving customer service.”

Get more details about eBay and grant recipients Here.