News Mayor Turner, Wells Fargo announce launch of $20M grant for small, diverse businesses, non-profit organizations in Houston area

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Houston Fund for Social Justice and Economic Equity Honorary Board Chair Mayor Sylvester Turner, along with Wells Fargo and Black Houston business and civic leaders, will announce the launch of the Open for Business Grant portal to distribute $20 million to Houston-area diverse, small businesses and non-profit organizations.

The announcement will begin at 11 a.m. at Emancipation Park.

According to a release, the grant will be distributed over a three-year period to be used towards the purchase of property, equipment, and other tangible assets, supporting economic development in underserved communities. The Houston Fund for Social Justice and Economic Equity plans to reach at least 500 small businesses and non-profits.

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