Beyoncé offers small biz grants

Small businesses have a new benefactor: Beyoncé.

The 32-time Grammy winner announced that she will be donating $1 million to small businesses via luncheons in cities that fall along her upcoming tour, Renaissance World Tour. The tour kicks off on May 10.

Beyoncé’s charity, BeyGOOD Foundation, focuses on supporting organizations that serve marginalized and under-resourced communities. During her tour, the foundation will host luncheons the day before the tour stops to give small business owners and entrepreneurs networking opportunities and the potential to be a grant recipient from $100,000 funds allocated to each luncheon. One thousand small businesses will be supported financially by a commitment totaling one million dollars.

Luncheon cities include

London, Chicago, New York, Charlotte, Atlanta, Los Angeles, Houston and New Orleans.

“From scholarships to the water crisis in Burundi, to helping families during Hurricane Harvey in my hometown, Houston, it has been beyond fulfilling to be of service,” Beyoncé said in a statement. “Now as a foundation, we will continue the work of engaging partners through innovative programs to impact even more people.”

In addition to $1 million in small business grants, Beyoncé is setting up a $1 million scholarship fund that will be given to colleges and universities in 10 different cities throughout the tour, including Paris, Philadelphia, Detroit, and Washington, D.C.

Beyoncé founded public charity BeyGOOD in 2013 to “support people and programs around the world.”