Honeywell, a US aerospace technology company, has announced a collaboration with Charlotte Center City Partners to create the Center City Small Business Innovation Fund, an initiative designed to spur and support innovation and adaptation by small businesses as they adapt to new economic realities caused by the COVID-19 crisis and economic downturn, the company said.
The program is launching with an initial investment of USD 2 million by Honeywell and in partnership with Foundation For The Carolinas.
Through the fund, a diverse advisory committee will provide grants of up to USD 40,000 to small businesses within Charlotte´s Center City as they adapt their operations or business models in the wake of the COVID-19 pandemic. The program is intended to support these local businesses as they seek to innovate to stay competitive and advance, leveraging Charlotte´s strong history of public-private partnerships. Priority will be shown to minority, women, and veteran-owned businesses.
Honeywell is a technology company that delivers industry-specific solutions that include aerospace products and services; control technologies for buildings and industry; and performance materials globally.
Charlotte Center City Partners envisions and activates strategies and actions that will assure Charlotte Center City is a welcoming an equitable, economically vibrant, culturally rich, and beloved place for all. For more information, visit www.charlottecentercity.org.