PepsiCo Foundation and National Urban League Partner To Give 500 Black Restaurant Owners $10 Million Grant

In early July, restaurateur Victoria Tyson opened her Philadelphia eatery, Victoria’s Kitchen, for the first time since the first days of COVID-19. As she cut a ceremonial ribbon in front of a crowd of reporters and well-wishers, she announced that she planned to overcome a lack of capital and staffing — the obstacles that had kept her from re-opening sooner — by investing in e-commerce technology and recruitment and retention training.

How would she do it? With a $10,000 grant from the brand-new Black Restaurant Accelerator Program, a partnership between the PepsiCo PEP +0.1% Foundation and the National Urban League to give 500 black restaurant owners a total of $10 million over the next five years.

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