Supply chain issues, rising costs due to inflation, and the lingering affects of the COVID-19 pandemic have made running a Minority and Women Business enterprise (MWVE) more challenging.
The Luc Severe Small Business Recovery Grant gives these businesses access to much needed capital and help bridge economic disparities.
When you donate to the Luc Severe Small Business Recovery Grant, you're not just giving a hand to one business. You're investing in the future of our entire community.
The Luc Severe Small Business Recovery Grant was created to provide grant assistance to minority owned small businesses, micro-businesses and for-profit independent arts and cultural organizations located in Brooklyn who have experienced economic hardship or interruption due to the COVID-19 pandemic. With rising cost due to inflation, the war in Eastern Europe and a myriad of global events impacting business, in 2022, we have expanded the program to support Brooklyn's certified Minority and/or Women-Owned Business Enterprises (“MWBEs”) experiencing financial challenges is all areas.
Be currently registered as a Minority and/or Women-Owned Business Enterprises (“MWBEs”) licensed to do business in the City or State of New York and have a primary business address in Brooklyn.
Demonstrate at least a 25% loss in annual gross receipts in one of the past three years compared to a previous period.
Demonstrate that the total business expenses on their most recent business income statement or tad return are greater than the grant amounts.
Luc El-Art Theodore Severe, J.D. was the Vice President of Small Business and Workforce Development with United Way of New York City. In this role, Luc lead the efforts of economic vibrancy and vitality that fostered the creation of a citywide public-private network that connected post pandemic contracting opportunities and needs within the Black Communities to support a just and equitable recovery. Luc was a graduate of Morehouse College where he joined our beloved Phi Beta Sigma Fraternity, Inc. He later earned his Doctorate of Jurisprudence with a focus on Litigation from Thomas M. Cooley Law School. He was also matriculating in the Master of Divinity program at Union Theological Seminary School at Columbia University at the time of his passing. Additionally Luc was the Co-Founder of S.O.A.R. (Severe Opportunities and Access to Resources) and served as a Minster of Stewardship at Double Love Experience.