TB Media Group Receives Small Business Grant for Black-Owned Businesses From Facebook

After nearly eight months of setbacks and challenges since the onset of the pandemic, Miami-based storytelling and content marketing agency, TB Media Group, receives Facebook’s small business grant for Black-owned businesses.

Minority-owned small businesses, particularly those that are Black-owned, have been hit especially hard during the COVID-19 pandemic.

According to this Forbes article, Covid-19 has shuttered 41% of Black-owned businesses, compared to just 17% of white-owned businesses. Black business owners who apply for funding have a rejection rate three times higher than that of their white counterparts, according to a Goldman Sachs 10,000 Small Businesses report that surveys program participants.

Those statistics are shocking, but unfortunately, not surprising. Entering 2020, TB Media Group was on track for explosive growth, and in business, there’s something to be said for momentum.

When the pandemic hit and everyone was faced with this unthinkable economic shut down, it’s like applying the brakes to a semi-truck filled with heavy cargo that isn’t secured. Upon braking fast and suddenly, you’ll probably have a mess, and it’s going to take a while to clean up and get going again.