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Greater Winston-Salem Inc. Announces 2025 Minority Business Grant Recipients

Overview of the Grant Program

On Friday, Greater Winston-Salem Inc. proudly declared the 25 recipients of its esteemed 2025 Minority Business Enterprise grant program. This initiative has garnered significant attention and support, highlighting the importance of fostering economic growth within minority-owned businesses in the local community.

Funding Distribution

The agency’s Entrepreneurial Advisory Committee took the initiative to distribute a remarkable total of $270,000 to 25 locally-owned small businesses, which includes 19 Black-owned and 6 Hispanic-owned businesses. This funding is a vital resource for these businesses, empowering them to continue their operations and thrive in a competitive marketplace.

List of Grant Recipients

The recipients of this year’s grants represent a diverse array of industries and services. The selected businesses are:

• ASKK LLC (Southside Discount Pharmacy)
• Awake Custom Remodeling Inc.
• Bailey Preschool
• Bella Sol Medical Spa PLLC
• Cam’s Coffee Co.
• Cisco Site Services
• Counseling with a Purpose
• Dignity Justified LLC
• Dove’s Inner B.E.A.U.T.Y. LLC
• Dynamic Collision LLC
• HOPE Counseling & Consulting Services Inc.
• Lelo’s Cuban Cafe
• Lilly’s Network
• Lizzie’s All Natural Products
• Natabelles LLC
• Prime Choice Physical Therapy LLC
• Purposeful Pediatrics PLLC
• Re Life Wellness LLC
• Reset and Heal PLLC
• Sandra’s Family Child Care
• Serenity Counseling & Resource Center
• Smith’s Primary Care and Wellness
• The Flawlesskin Co.
• Toro Trenching LLC
• T’s Creation Christian Home Childcare Provider.

Purpose of the Grants

The primary goal of these grants is to assist businesses in covering essential operational costs throughout 2025. This funding can be allocated toward special projects, salaries, wages, rent, working capital, and other capital expenditures. By alleviating financial burdens, the grantees can focus on growth and service enhancement.

Accountability and Reporting

To ensure transparency and effective use of the allocated funds, the recipients are required to report quarterly on how the funds have been utilized and the outcomes that have resulted from the financial support. This accountability not only promotes responsible spending but also showcases the positive impact of the grant on the local economy.

Historical Context of the Fund

This fund was established in 2020 in direct response to the economic disruptions caused by the COVID-19 pandemic. The 2025 distribution marks the final opportunity for businesses to benefit from this program, which has distributed nearly $1.2 million in funding to local enterprises, with 104 grants awarded across 76 businesses since its inception.

Transformative Impact

Lorena Muñoz-Holladay, co-chairwoman of the committee, eloquently stated, “This program has been a transformational opportunity for local minority-owned businesses.” The grant program has not only retained and generated jobs within these communities but has also contributed to a noticeable increase in revenue for many businesses.

Mark Owens, the president and CEO of GWS, emphasized the program’s role in promoting equitable economic development within the community. He noted that the program exemplifies the commitment of the Winston-Salem area to support economic equity and opportunity for all.

Future Commitment to Minority Businesses

Although this year signifies the conclusion of the MBE grant program, GWS remains steadfast in its dedication to fostering equitable opportunities for all local businesses. The chamber continues to initiate various programs and initiatives aimed at promoting business growth among minority and women-owned enterprises. Additionally, GWS provides ongoing chamber membership scholarships targeted at minority and women-owned businesses, ensuring that access to valuable resources and support remains available.

How AI legalese decoder Can Assist

Navigating the complexities of grant funding and business regulations can be challenging, especially for small business owners who may not have legal expertise. This is where AI legalese decoder can play a vital role. By simplifying legal language and providing a clearer understanding of grants, contracts, and compliance requirements, the AI legalese decoder can empower business owners to make informed decisions about their funding and operations. It can help them decipher the terms and conditions associated with the grants, ensuring they utilize the funds effectively while remaining in compliance with any reporting obligations. By leveraging such innovative technology, these businesses can focus on growth, knowing they have a better grasp of the legal aspects that govern their operations.

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