How a $150K grant will help a Charlottesville nonprofit strengthen financial mobility for Black entrepreneurs

Yolunda Harrell said the mission of the New Hill Development Corporation is to build financial resilience in Charlottesville’s Black community. A $150,000 grant recently awarded to organization by the Commonwealth of Virginia will help achieve that.

Gov. Ralph Northam announced earlier this month a total of $4.4 million in small business revitalization grants throughout the state, including the $150,000 to New Hill,

Harrell, New Hill president and chief executive officer, said the organization will use the funds to support the launch of a Black-owned culinary business incubator that will help build up Black-owned startups in the food and beverage business space. 

“Our goal is to create training and a space where individuals can start their business in a way that is most cost-effective and ensures they’ve gotten proper training, as well as the wrap around support of accounting and marketing that is needed to ensure their business is sustainable,” she said. 

The plan is the…

Read the full story from the Washington Business Journal.
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