Press Release
South Carolina Association for Community Economic Development (SCACED) announced today it received a $25,000 donation from Dominion Energy Charitable Foundation to help expand the entrepreneurial ecosystem for communities of color in South Carolina.
As part of Dominion Energy's $5 million commitment to social justice and community rebuilding, the grant will support SCACED's ImpactSC program.
The program is an innovative and collaborative initiative designed to help existing minority-owned businesses recover from the economic effects of COVID-19 and to serve as a catalyst in the development of new and future minority-owned businesses. This innovative and collaborative initiative will position those businesses as being increasingly important for sustainable economic growth in South Carolina.
“We are grateful to Dominion Energy for supporting our Impact SC program. Dominion's assistance in launching this initiative is timely because nationally, African American business ownership plummeted by 40 percent as the coronavirus shut down the economy. Impact SC is designed to help some African American businesses rebound,” says Bernie Mazyck, president & CEO of SCACED. “Dominion Energy's commitment to social justice makes them an ideal partner for our ImpactSC program and we're grateful for their support.”
“Small and minority-owned businesses play a big role in South Carolina's economic success,” said Rodney Blevins, president of Dominion Energy South Carolina. “Dominion Energy is pleased to support ImpactSC's efforts to help businesses recover from challenges caused by the pandemic and help them continue to contribute to a healthy economy.”
