The Equity Fund for Queer Entrepreneurs of Color (originally known as the Twin Cities Queer BIPOC Business Capacity Fund)was created in 2020 in direct response to the dire economic circumstances created by COVID-19 and the civil unrest and burning of Lake Street following the murder of George Floyd by the police. PFund and Quorum distributed $90,000 in microgrants in 2020-21 to help Minneapolis queer small business owners of color with flexible cash assistance and remote business capacity training resources.
Grant recipients participated in a series of hour-long remote educational sessions on vital business development topics such as human resources best practices, sources of capital, understanding legal liabilities and protections, and use of technology. Grantees also received one-on-one virtual mentoring and consultation from trainers where they were advised on strategies and approaches customized to their business needs.
PFund and Quorum recently secured funds from the Minneapolis Foundation for a second round of capacity building grants to be distributed to queer business owners of color in Minneapolis. Applications will open in fall 2022.