
Gran Coramino's Bold Commitment to Small Businesses
Gran Coramino Tequila, co-founded by comedian Kevin Hart and tequila maker Juan Domingo Beckmann, understands the challenges faced by small businesses in under-resourced communities. In an inspiring move, they have expanded The Coramino Fund to offer $1.5 million in grants. With each grant valued at $10,000, the initiative aims to empower entrepreneurs who often struggle to secure traditional growth capital, making it a beacon of hope for over 150 small business owners across the country.
How Does This Initiative Drive Change?
The impact of The Coramino Fund is significant. By fostering opportunities for small business owners, Gran Coramino is working to break the barriers that many face in accessing vital resources. Kevin Hart emphasized the fund's mission: "supporting hard-working entrepreneurs who run into obstacles securing the resources they need to grow." This sentiment resonates deeply within communities where local businesses are vital for economic prosperity.
Forging New Paths with AI Training
In a groundbreaking development, this year’s grants come with a unique twist—small businesses will also receive training focused on artificial intelligence (AI) through a new partnership with 1st Street Partnerships. As Monk Inyang, the co-founder and CEO of 1st Street, stated, "Entrepreneurs must have the proper access and training to remain competitive and thrive." This strategic mentorship aims to equip small businesses with the tools necessary to improve operations, customer experience, and decision-making processes by harnessing the power of technology.
Addressing the AI Divide
The inclusion of AI training is a thoughtful response to the growing “AI divide,” where businesses without access to modern technology risk falling behind. This initiative empowers small businesses to adopt innovative practices, thereby strengthening their competitive edge in an increasingly digital economy. The comprehensive support from Gran Coramino and LISC not only provides funding but also the crucial technology skills needed in today’s market.
The Community Impact of Supported Entrepreneurs
Michael T. Pugh, president and CEO of LISC, highlighted the critical role entrepreneurs play in fostering community prosperity. He noted that this initiative not only helps small businesses succeed but also amplifies their contributions to their local economies. Communities thrive when local business owners have the support they need to flourish, creating jobs and revitalizing neighborhoods.
What’s Next? Applying for the Grants
The application process for the latest round of grants is open until April 23, 2025, urging eligible business owners to take advantage of this rare opportunity. Those interested can visit lisc.org/grancoramino to apply. By doing so, they stand to gain not just financial support, but also invaluable mentorship that can significantly impact their business trajectory.
Conclusion: Seize the Opportunity
Gran Coramino’s initiative is an exemplar of corporate responsibility and community support, effectively demonstrating how businesses can uplift their communities through targeted efforts. For local residents and aspiring entrepreneurs, this program is a chance not to be missed. As we watch Gran Coramino’s mission unfold, it reminds us of the profound impact that well-designed support systems can have on the small business landscape. Don’t miss your chance—apply now and unlock the potential to grow and thrive in your business journey!
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