NUL Teams Up with Pepsi to Launch Black Restaurant Accelerator Program

Pepsi has announced that The National Urban League is launching the Black Restaurant Accelerator Program which is expected to boost approximately 500 Black-owned businesses over the next five years.

The PepsiCo Foundation is providing a $10 million grant to fund the program. The money will provide current and aspiring Black restaurateurs with access to the necessary capital, training, mentorship, and other services that are needed to run a successful business.

“This is a game-changing program that will provide Black restaurateurs with access to business-building resources tailored to meet their specific needs,” said Marc H. Morial, president and CEO of the National Urban League, in a written statement.

Through National Urban League Entrepreneurship Centers in 12 different cities spread across the United States, the Black Restaurant Accelerator Program will help Black entrepreneurs gain access to loans and capital that are not typically available due to biased community perceptions and gentrification challenges.

To read the full article, click here.