TikTok Announces New Funding and Training Initiatives to Provide Support for Black-Owned Businesses
TikTok has announced that it’s now accepting applications for the next cohort of its ‘Support Black Businesses’ program, which aims to provide Black small business owners with critical skills training and resources to help them recover from the impacts of the pandemic.
As explained by TikTok:
“We recognize that small business owners are recovering and rebuilding after a year like no other and that Black-owned businesses have been disproportionately impacted. More than half of all Black-owned businesses saw their revenue drop during the pandemic compared to 37% of white-owned businesses.”