Beyond Open is a competitive small business grant program focused on enhancing economic mobility within Charlotte's Corridors of Opportunity. It aims to support diverse-owned small businesses, including those owned by minorities, women, veterans, LGBTQ individuals, and persons with disabilities. The grant can be used for capital assets such as equipment, technology, inventory, and real estate, and does not require repayment. Administered by FFTC Partners For Empowering Communities, a supporting organization of the Foundation For The Carolinas, and funded by the Wells Fargo Open for Business Fund, Beyond Open has awarded over $10 million in grants to nearly 300 small businesses during its first two rounds. The third round will distribute approximately $5 million in grants.
The program aims to retain jobs, encourage job growth, and inspire new entrepreneurial endeavors in areas with low economic mobility and among historically underrepresented groups. It also seeks to create opportunities for small businesses to provide goods or services in affluent areas where minority business owners have been under-represented.
