TikTok Commits $2 Million to Support Small Businesses and Empower Entrepreneurs

In celebration of National Small Business Week, TikTok has announced a commitment of $1 million each to the Hispanic Heritage Foundation (HHF) and Black Girl Ventures, two organizations focused on empowering entrepreneurs and fostering economic growth.

This investment, along with a series of workshops and in-app programming, aims to bolster small businesses and cultivate the next generation of entrepreneurs.

TikTok has become a valuable platform for small businesses to grow and thrive, even during uncertain economic times. Jessica Tran, founder of @jtmobiledetailing, revealed that 60% of her customers choose her car detailing shop because of her TikTok presence. Similarly, Jaz & Sam Sears, owners of @aztaco.king, have expanded their business from a single food cart to two restaurants in under six months.

Recognizing the potential of TikTok for small businesses, the platform has decided to invest in the Hispanic and Black communities. TikTok is investing $1 million in the Hispanic Heritage Foundation to elevate entrepreneurship in the Latin community. The organization is dedicated to cultivating leadership, education, and entrepreneurship among Latin individuals. TikTok and HHF will work together to launch a suite of programs designed to empower young entrepreneurs and small businesses across the country with education and capital.

TikTok is also investing $1 million in Black Girl Ventures, an organization that provides economic growth opportunities to Black and Brown women across the United States through education and access to capital. This partnership will support the organization’s community programming, including entrepreneurship education, leadership development, networking, and funding opportunities, as well as inspire the next generation of Black and Brown women entrepreneurs through their HBCU initiative.

Omi Bell, President and CEO of Black Girl Ventures, highlighted the importance of platforms like TikTok that allow small business owners to “flex their authenticity, gain access to new networks, and grow their business on their own terms.”

In addition to these investments, TikTok is hosting a four-week virtual workshop series called TikTok Takeoff Webinar Series. The workshops, which start on May 10th, will share stories, strategies, and advice from successful TikTok creators on how to engage with audiences and translate online success into real-world business results. Businesses of all sizes are welcome to attend and learn from these creators. To sign up or learn more, visit https://www.tiktok.com/business/en/events/small-business-month

Get the latest headlines from Small Business Trends. Follow us on Google News.

More in:

Related articles

Nudes and Porn Videos on TikTok

CONTINUE → More and more budding influencers are creating nude Tik Toks: they’re using the app to trend, and they’re making it sexy. The creators do not hesitate to get naked, or to do couple scenes, to make short tik tok porn videos. Rediscover the best Tik Tok trends in porn videos published by the […]

UK watchdog fines TikTok £12.7M for failing to protect kids • The Register

CONTINUE → Fresh off the back of an embarrassing « grilling » by US Congress on national security grounds, TikTok has received a more concrete reprimand from the UK’s Information Commissioner’s Office (ICO) – a fine of £12.7 million ($15.8 million) for « misusing children’s data. » Despite TikTok’s own rules disallowing children under the age of 13, the […]

TikTok Nude Videos – FYPTT

CONTINUE → TikTok is a great platform for funny challenges and nice dance moves, but when I first used TikTok, I didn’t expect to find hot nudes here. Because we all know that the company always bans and weeds out anyone who uploads videos with nudity to its app. Then that one time when I […]