Daymond John launches grants of PLN 100,000. dollars for black entrepreneurs

Shark Tank investor Daymond John is hosting the fifth annual Black Entrepreneur Day this yr and has pledged to support small businesses with $100,000 grants.

John began organizing Black Entrepreneurs Day at the peak of the racial justice movement following the death of George Floyd. This yr grants that will probably be rewarded for Black-owned businesses, would require no sacrifices in equity and can deal with providing financial support “without any strings attached.” reports.

Grant applications will probably be open until November 1, and John told Inc. what he wants in a great candidate. He explained that a very powerful thing they’re looking for is someone who has a transparent vision of what they need.

“If you can articulate that vision,” he told the outlet, “who you are solving the issue for, why you are the one solving the issue, and why you, in the event you get these funds, they’ll be put to good use and I’ll enable you, I believe that is all you wish.

Black Entrepreneurs Day will probably be held on November 22 in Atlanta on the Fox Theater. The event, which celebrates black business, will probably be free. Big names equivalent to Olympic gold medalist Jordan Chiles, media personality Charlamagne tha God and rappers Flavor Flav and 2Chainz are expected to take the stage.

John explained: “We don’t come from a heritage background. We don’t get as much education as I think we need… We pay more interest on things. We are always the last to hire and the first to fire. I think it puts us behind, in a very bad situation, and being an entrepreneur is hard enough as it is.”

He continued: “Through social media and technology, things are becoming democratized. There is information about what works and what doesn’t. … Add to that funding and inspiration (and) I think we have a better chance now than ever before.”

The Shark Tank investor has began putting efforts into changing the mentality of public enterprises “from watching communities burn businesses to enabling them to build them.”

John spent a while praising the organizations and firms that support their cause.

John said: “Many large corporations and organizations who believed it should be done then no longer believe it should be done now. And I don’t disrespect them for that reason. I love talking about the organizations that support us and that think this is still a very positive and necessary thing, even when the spotlight is dim.”