Nationwide — Beyoncé, her mother Tina Knowles, and her BeyGOOD Basis have all partnered along with her haircare model Cécred to award $10,000 grants to salon and barbershop house owners throughout the U.S. This system aimed to help licensed hairstylists, barbers, and cosmetologists who confronted monetary struggles and wanted assist rising their companies. The Cécred x BeyGOOD fund accepted purposes from skilled magnificence professionals with proof of store possession or lease agreements for chairs, cubicles, or suites. It targeted on these with no less than two years within the business who wanted monetary assist.
This second spherical awarded 37 grants from a $500,000 fund, increasing this system past its earlier five-city restrict. Finalists who didn’t obtain grants nonetheless gained entry to group teaching and help for Minority Enterprise Enterprise (MBE) certification.
Winners additionally acquired free enterprise instruments and sources by means of the Nationwide Minority Provider Growth Council, in accordance with Black Enterprise.
The muse highlighted the influence of hairstylists of their communities, calling salons “sacred areas” for self-expression. Earlier, the fund launched $130,000 in cosmetology scholarships throughout Cécred’s February 2024 debut as a part of its ongoing mission to uplift magnificence professionals and future entrepreneurs.
