American Express, partnering with IFundWomen of Color, announced it will be honoring three Minnesota business owners as a part of its “100 for 100” program to provide funding and resources for 100 Black women entrepreneurs.
Each business owner will receive a $25,000 grant and 100 days of resources intended to jump-start and grow their businesses. The national contribution totals $2.5 million.
The 100 days of resources will kick off in January 2021 and include business education, mentorship, marketing, virtual networking and other services, according to a statement from American Express. The company is also partnering with WorkSpaces by Hilton to provide private, work-from-hotel spaces to increase efficiency for the business owners.
The three honorees each own businesses based in St. Paul and include:
This new investment follows a $1 billion contribution American Express made to the Black-owned business community in October to advance diversity, equity, and inclusion.