EQS-News

100 SMALL BUSINESS OWNERS IN KING AND PIERCE COUNTIES AWARDED A TOTAL OF $1 MILLION THROUGH COMCAST RISE

EQS-News: Comcast Washington 100 SMALL BUSINESS OWNERS IN KING AND PIERCE COUNTIES AWARDED A TOTAL OF $1 MILLION THROUGH COMCAST RISE 22.11.2022 / 18:06 CET/CEST The issuer is solely responsible for the content of this announcement. Comcast today announced it will award $1 million in total grants to 100 small businesses in King and Pierce Counties as well as 128 small businesses in Washington state which were selected to receive technology and marketing services from Comcast RISE. These recipients are among 13,000 small businesses owned by women and people of color – including Black, Indigenous, Hispanic, and Asian Americans, among others who have received over $110 million in grants, marketing, and technology services through Comcast RISE since 2020.

Small businesses, which make up 99.5% of all companies in Washington state, were particularly hard hit by the pandemic. A study from the National Bureau of Economic Research cited that Black-owned small businesses were hardest hit, suffering the steepest decline (41 percent), followed by Hispanic and Asian-American-owned small businesses. In addition, according to a study by the National Association of Women Business Owners, women-owned businesses have been growing at only half the rate of those run by men, namely because women struggle to access capital and other resources to help them succeed.

“We are incredibly proud of the work that the Comcast RISE team has done over its two-year term to help the small businesses we’ve worked with to not only survive, but also to thrive,” said Teresa Ward-Maupin, Senior Vice President, Digital and Customer Experience, Comcast Business. “We recognize that small businesses are the backbone of our economy and look forward to taking our learnings from this program as we find new ways to further empower and strengthen even more small businesses and entrepreneurs at the heart of our local communities through Project UP, our comprehensive initiative to advance digital equity and build a future of unlimited possibilities.”