The Coalition to Back Black Businesses (CBBB) is a multi-year initiative offering grants and resources to help Black-owned businesses thrive. Since its launch in 2020, the coalition has awarded over $14 million in grants to 1,697 business owners across the U.S., including many in Chicago.
CBBB provides $5,000 grants annually to small businesses and additional $25,000 enhancement grants for select recipients. These funds can be used for critical expenses like payroll, inventory expansion, or marketing campaigns. Beyond financial support, the coalition offers mentorship programs that connect business owners with experienced professionals who provide guidance on scaling operations and navigating challenges.
For Black entrepreneurs in Chicago’s economically distressed neighborhoods, CBBB serves as a beacon of hope. By addressing barriers like limited access to capital and resources, the coalition helps create opportunities for long-term success.
Key Takeaway: The Coalition to Back Black Businesses provides grants and mentorship that empower Chicago’s Black-owned businesses to grow and contribute to their communities.
