Kevin Hart’s Gran Coramino Tequila Announces 50 New Small Business Grants From the Coramino Fund in Partnership With The Local Initiatives Support Corporation (Lisc)

The Coramino Fund announces $500,000 in grants to 50 US small businesses—a new small business and entrepreneurship program led by LISC and funded by Gran Coramino Tequila—providing cash grants and resources to Black and Latinx entrepreneurs and small business owners

 Gran Coramino^® Tequila^®, founded by entrepreneur Kevin Hart and 11th generation tequila maker, Juan Domingo Beckmann, is proud to announce the 2023 grantees of The Coramino Fund’s US program, in partnership with national nonprofit, Local Initiatives Support Corporation (LISC). 

The Coramino Fund was created to support Black and Latinx small business owners and entrepreneurs who have historically been blocked from access to capital and necessary resources to grow their businesses. Applications for US businesses opened in November 2022, and were received from all 50 states and across a range of industries including retail trade, transportation, educational services, and more. 50 eligible businesses were selected by LISC to receive grants. 50% of the 2023 Coramino Fund businesses selected are Black-owned, 36% are Latinx-owned, and 14% are Black and Latinx owned. 68% are women-owned businesses.

Established by founders Kevin Hart, Juan Domingo Beckmann, and developed in partnership with Global Brand Equities, Gran Coramino Tequila gives back $1 from every bottle sold to support Black and Latinx entrepreneurs and small business owners in the US and in Mexico. In early 2022, Gran Coramino partnered with LISC in the US and The Beckmann Foundation in Mexico to provide grants to local entrepreneurs. The Mexico program will launch later this year.

“We are proud to announce this year’s Coramino Fund grantees in partnership with Gran Coramino Tequila,” said Lisa Glover, CEO of LISC. “Black and Latinx entrepreneurs have historically lacked access to financial resources and learning opportunities, restricting their businesses’ ability to expand and thrive. This impactful partnership provides vital resources to an exceptional group of small business owners around the country, who in turn support our local communities,” said Glover.

“Juan and I always knew we wanted Gran Coramino to have a give-back component that focused on providing Black and Latinx entrepreneurs with resources to pursue their small business dreams,” said Kevin Hart, co-founder of Gran Coramino Tequila. “Teaming up with LISC last year to launch The Coramino Fund in the US was the start of that journey. Today, we are honored to recognize the 50 inspiring, hard-working entrepreneurs from around the country who were selected by LISC to receive a cash grant from The Coramino Fund,” said Hart.

Founded in 1979 with funding from The Ford Foundation, LISC has grown to become one of the nation’s leading nonprofits working to forge vibrant, resilient communities across America through investment in underserved communities and places.

Future grant opportunities with LISC and The Coramino Fund will be announced as they become available. Please visit www.lisc.org/grancoramino for more information on The Coramino Fund and to learn more about the 2022-2023 grantees.

The Coramino Fund 2023 US Grantees

Source: Gran Coramino

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