PHILADELPHIA–(BUSINESS WIRE)–Nov 23, 2021–Comcast Corporation pronounces at present a serious enlargement of Comcast RISE to all women-owned companies nationwide, furthering its efforts to advance digital fairness and assist present underrepresented small enterprise homeowners with entry to the digital instruments and funding they want to thrive.In its first yr alone, Comcast RISE has supplied greater than $60 million in grants, advertising, and know-how companies to greater than 6,700 small companies owned by folks of coloration – together with Black, Indigenous, Hispanic, and Asian Americans. Of the 6,700 Comcast RISE recipients to date, almost 70% have been companies owned by girls of coloration, spurring Comcast to take a deeper look into the distinctive challenges confronted by girls entrepreneurs.
According to a research by the National Association of Women Business Owners, 42% of companies within the U.S. are owned by girls, with greater than 1,800 new companies being began every single day. That’s almost 5 instances the nationwide common. However, in accordance to the identical research, women-owned companies are rising at solely half the speed of these run by males, specifically as a result of girls battle to entry capital and different assets to assist them succeed.Karen Cahn, Founder & CEO of IFundWomen echoes this vital level, “The information about how girls, a quickly rising variety of whom are small enterprise homeowners, have fared through the pandemic is stark. Women enterprise homeowners have a tendency to have restricted entry to capital and debt-free funding choices, but they characterize an amazing alternative. Women-owned companies ship two instances greater income per greenback invested than these based by males, making them nice investments.”“As we proceed to rebuild and emerge from the consequences of the pandemic, small companies will proceed to be the spine of our economic system – and we should take each alternative to assist them thrive,” stated Teresa Ward-Maupin, Senior Vice President, Digital and Customer Experience, Comcast Business. “Looking ahead, this enlargement will allow Comcast RISE to additional empower and strengthen much more small companies which are the guts of our native communities throughout the nation.”Comcast RISE, which stands for Representation, Investment, Strength, and Empowerment, is a part of Project UP, Comcast’s complete initiative to advance digital fairness and assist present underrepresented small enterprise homeowners with entry to the digital instruments and funding they want to thrive. Over the following 10 years, Comcast has dedicated $1 billion to applications, like Comcast RISE, and partnerships that can attain an estimated 50 million folks with the talents, alternatives, and assets they want to achieve an more and more digital worldComcast not too long ago introduced its fifth spherical of Comcast RISE recipients, which incorporates 1,400 small companies owned by folks of coloration, that can obtain a TV marketing campaign, manufacturing of a TV industrial or consulting companies from Effectv or pc tools, web, voice or cybersecurity from Comcast Business. In addition, as a part of spherical two of the Comcast RISE Investment Fund, 600 extra small companies in Houston, Miami, Oakland, Seattle, the Twin Cities, and Washington, D.C. will every obtain $10,000 grants, bringing the entire Comcast RISE Investment Fund recipients to 1,100.Comcast RISE, which simply celebrated it’s one yr anniversary, will proceed to be open to racially and ethnically various small enterprise homeowners and the expanded Comcast RISE eligibility to all women-owned companies will probably be efficient on January 16, 2022. More data and the purposes to apply for both the grant program or advertising and know-how companies can be found at www.ComcastRISE.com.About Comcast Corporation Comcast Corporation (Nasdaq: CMCSA) is a world media and know-how firm that connects folks to moments that matter. We are principally centered on broadband, aggregation, and streaming with 57 million buyer relationships throughout the United States and Europe. We ship broadband, wi-fi, and video by way of our Xfinity, Comcast Business, and Sky manufacturers; create, distribute, and stream main leisure, sports activities, and information by way of Universal Filmed Entertainment Group, Universal Studio Group, Sky Studios, the NBC and Telemundo broadcast networks, a number of cable networks, Peacock, NBCUniversal News Group, NBC Sports, Sky News, and Sky Sports; and supply memorable experiences at Universal Parks and Resorts within the United States and Asia. Visit www.comcastcorporation.com for extra data.About Comcast Business Comcast Business presents a collection of Connectivity, Communications, Networking, Cybersecurity, Wireless, and Managed Solutions to assist organizations of various sizes put together for what’s subsequent. Powered by the nation’s largest Gig-speed broadband community, and backed by 24/7 buyer assist, Comcast Business is the nation’s largest cable supplier to small and mid-size companies and one of many main service suppliers to the Enterprise market. Comcast Business has been constantly acknowledged by business analysts and associations as a frontrunner and innovator, and one of many quickest rising suppliers of Ethernet companies. For extra data, name 866-429-3085. Follow on Twitter @ComcastBusiness and on different social media networks at http://enterprise.comcast.com/social.
About Effectv Effectv, the promoting gross sales division of Comcast Cable, helps native, regional, and nationwide advertisers use one of the best of digital with the facility of TV to develop their enterprise. It offers multi-screen advertising options to make promoting campaigns more practical and simpler to execute. Headquartered in New York with places of work all through the nation, Effectv has a presence in 66 markets with almost 35 million owned and represented subscribers. For extra data, go to www.effectv.com.View supply model on businesswire.com:https://www.businesswire.com/information/dwelling/20211123005822/en/CONTACT: Media:William [email protected]: PENNSYLVANIA UNITED STATES NORTH AMERICAINDUSTRY KEYWORD: ELECTRONIC DESIGN AUTOMATION DATA MANAGEMENT CONSUMER ELECTRONICS TECHNOLOGY AUDIO/VIDEO MARKETING ADVERTISING COMMUNICATIONS OTHER ENTERTAINMENT TV AND RADIO TELECOMMUNICATIONS SOFTWARE ENTERTAINMENT INTERNET MOBILE/WIRELESSSOURCE: Comcast CorporationCopyright Business Wire 2021.PUB: 11/23/2021 08:34 AM/DISC: 11/23/2021 08:34 AMhttp://www.businesswire.com/information/dwelling/20211123005822/en
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