LISC NYC grant program helps keep minority-owned businesses afloat

Some minority-owned businesses in New York City that are struggling due to the COVID-19 pandemic are getting relief through a grant program.
The Local Initiatives Support Corporation, or LISC NYC, helped pay bills and keep staff on board for businesses that would have otherwise had to close, such as the Hip Hop Closet in the Brooklyn Navy Yard.
The business, which sells jewelry and clothing, is one of 100 minority-owned businesses that received $10,000 and other support services from LISC NYC.
Valerie White, the executive director of LISC NYC, says giving businesses support is especially important.
"Black, brown, Latinx businesses have been going out of business at a rate much higher than other businesses, so we want to be sure that we're providing additional support for those communities," she says.