Magic City Match grant applications are open now!
BIRMINGHAM, Alabama (February 24, 2022) – A new grant program funded by Prosper Birmingham and presented by REV Birmingham, IGNITE! Alabama and Urban Impact Inc. will distribute $500,000 to help grow Black-owned businesses in the Magic City. Magic City Match is designed to increase business competency, provide access tocapital and give new market opportunities to Black business owners with brick-and-mortar locations in Birmingham. In its inaugural year, Magic City Match will award grant packages and business development guidance to 13 Black-owned businesses.
"Magic City Match is a true game changer for Birmingham’s Black business community,"said Torin Brazzle, IGNITE! Alabama’s Executive Director. "While technical assistance is always needed, there comes a point for any small business where cash is required to move forward, whether for property improvements, down payments on property purchases or architectural services. This program ensures Birmingham's Black business owners and entrepreneurs can get the financialboost they need to stabilize and scale!”
To qualify, the applicantmust be a Black business owner with a business that is physically located in the City of Birmingham, or the Black business owner must desire to lease or own a brick and mortar within the City of Birmingham.
"Magic City Match will begin the process of transforming our neighborhoods by supporting our business owners,” said Dee Manyama, Prosper Birmingham’s Initiatives Director. “As a native of Birmingham Metro (Bessemer), I've watched a steady decline and am so glad that we've reached the point of reinvesting in the growth of hope in our city. The time is right, energy is high, we have the buy-in of our community, business, and civic leaders, and we are all committed to a more vibrant racially and gender inclusive economy for Birmingham and Jefferson County."
About Urban Impact
Urban Impact Inc. is a 501 (c)(3) local place based community and economicdevelopment agency that advances asset building, economic opportunity andrevitalization of the Historic 4th Avenue Business District and the CivilRights District through support and services to assist individuals, businessesand developers. Learn more at www.urbanimpactbirmingham.org
Founded in 2019, IGNITE! Alabama bridges communication gaps betweenorganizations, service providers, and minorities. As a non-profit organization,IGNITE! serves as a supportive network that ensures disadvantaged businessowners are prepared. Access to funding is one of the biggest challenges for minority business owners, so IGNITE! hosts several ongoing workshops focused on how to apply for Federal, State, and Local Funding.