Largest Minority Advocate Organization Tabor 100 Launches Business Equity Fund Grants $462K To Local Black-Owned Businesses

Tabor 100, one of the state’s largest minority advocacy organizations, announced Wednesday, it will be providing grants totaling $462,000 to 23 Black businesses using its Black Business Equity Fund (BBEF).

The BBEF was created seven months ago, during America’s reckoning with race after George Floyd’s death that coincided with 41 percent of Black businesses being shuttered between February and April due to the pandemic.

Pandemic relief efforts, like the Paycheck Protection Program, and many of the government grant and loan initiatives did not provide funding to Black businesses. The goal of the BBEF is to “level the playing field” as much as possible to give Black businesses another option to raise capital and grow their organizations.

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