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The Official Black Wall Street Fund

$100,000 Fund to support Black Entrepreneurs

Official Black Wall Street July 17, 2020 at 5:10 pm
$5,000
Pledged of $100,000 goal
1
Backers
57
Days Left
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Project Ends on 09/30/2020
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The Official Black Wall Street Fund will provide both immediate and long-term relief to Black Entrepreneurs. Our goal is to provide Black business owners with the capital needed to continue operating during these times.

Founded by Mandy Bowman in 2016, Official Black Wall Street (OBWS) is a next generation app and digital platform connecting consumers with Black-owned businesses. Since originally starting as a spreadsheet in 2014, OBWS has become the largest platform and directory helping Black-owned businesses gain exposure, leads, and resources.

OBWS boasts over 700,000 social media followers, 270,000 app downloads, and over 350,000 monthly pageviews. 

With your support, The Official Black Wall Street Fund will provide both immediate and long-term relief to Black Entrepreneurs. A new study by the Stanford Institute for Economic Policy Research found that 41% of all Black businesses closed permanently between the months of February & April

The OBWS Fund provides Black business owners with the capital needed to continue operating during these times. Business owners in need will be required to complete a short application. Three new recipients will be chosen each month starting September 2020 for a one-time $2,500 grant.

Timing – Crowdfunding starting now through September 2020.

Grants will be awarded Starting October 2020

First Goal $100K 

With $100K raised Official Black Wall Street will be able to grant  $2500 cash injections to 3 recipients monthly for 12 months.

Second Goal $350K

Raising $350K allows a 3 year runway allowing OBWS to continue to grant need based $2,500 grants for the next 3 years.

Fee Disclosure – 2.9% + .30 payment processing fees | 5% platform fees | 5% program management fee | 87% of funds goes to OBWS Fund Applicants

Mandy Bowman is the Founder and CEO of Official Black Wall Street, the largest app and digital platform helping consumers find, review, and support Black-owned businesses.

After studying Entrepreneurship and Global Business Management at Babson College, she set out to empower the Black community through economics and ownership. Since launching the platform in 2015, and the app in 2017, Mandy has been at the forefront of the #BuyBlack movement, helping Black businesses around the world gain the exposure and resources they deserve.

The Brooklyn native is a fierce advocate for economics and ownership within the Black community and a two-time TEDx speaker.

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