Henrietta Smaller thought the time was right last year to open a storefront for her online hair and beauty supply business for people of color.
She knew those products were in short supply throughout the Twin Cities because of some stores not making it through the pandemic and others damaged during the civil unrest following the killing of George Floyd in 2020.
A few months after she opened Stunning Beauty Supply in Burnsville, however, she realized she needed additional capital to sustain the business while building a customer base.
The money didn't exist in her savings account, and she felt her credit score wouldn't qualify her for a loan. Through online research, she found another option — grants for small business owners.
The stress was mounting for Smaller, who in addition to running her business as a solo operator was caring for her husband who had suffered a stroke.
She applied for several grants, including through Comcast. The Philadelphia-based telecommunications company offers $10,000 grants to businesses owned by women and people of color in the Twin Cities. She submitted her application two hours before the portal closed. Months later, at Christmas time, she was informed she was one of 100 recipients.
With grant money, Smaller was able to cover operation expenses, add shelves, bulk up her inventory, install a salon chair for hair braiding services and purchase a vehicle to allow for next-day delivery to local customers. She also funded marketing and advertising campaigns on Google and Facebook.
The Twin Cities is one of five metro areas targeted by Comcast for the initiative, which launched in late 2020 amid a social reckoning of racial disparities in America following Floyd's murder in Minneapolis that year.