On Juneteenth, applications for the fund will be available to Black residents in North Dakota, South Dakota and Minnesota
ST. PAUL, Minn., June 5, 2023 /PRNewswire/ — Nexus Community Partners, a leading organization creating pathways to equity for communities of color in the Twin Cities and beyond, announced the $50 million Open Road Fund, a wealth-building community resource for descendants of the Atlantic Slave Trade living in Minnesota and the Dakotas. Resourced by the Bush Foundation, eligible Black residents will have access to apply for the fund starting June 19th, also known as Juneteenth.
Though not labeled as reparations because the Fund’s resources cannot correct all of the harm done to Black people over the last 400 years, this $50 million resource is seen as one way to help the Black community cultivate wealth and prosperity.
“Through this $50 million Open Road Fund, Nexus has a chance to provide a return on the investment Black folks have long made to this country and create Black wealth. To us, Black wealth-building is about creating spaces and opportunities that help all Black people to thrive,” said Repa Mekha, president and CEO of Nexus Community Partners. “When we have access to an abundance of resources, we can cultivate healing, safety, care and liberation on our own terms.”
There are no income caps or minimums and Black people, age 14 and up, especially formerly incarcerated people, single parents, senior citizens, those living with disabilities, LGBTQ+ are encouraged to apply.
Over the next eight years, the Fund will award $50,000 grants to at least 800 eligible applicants to be used for several wealth-building projects, including housing, education, financial well-being, healing and economic justice. Applicants will need to identify the area of focus that best suits their path to building Black wealth and will be judged by a diverse panel of community leaders across the Dakotas and Minnesota. Applicants can apply for the grants individually, but groups are encouraged to apply in hopes of building long-term Black wealth and increasing their community impact.
The opening of the application process will be celebrated with an invite-only Juneteenth event for those connected with Nexus, the creation of the Open Road Fund, community leaders and media.
Those eligible to apply should visit https://www.nexuscp.org/open-road-fund/. The Open Road application closes July 28th.
About Nexus Community Partners
In who we are and through what we do, Nexus Community Partners builds engaged and powerful communities so that each and every person can flourish in a joyful and abundant life. We hold central that, for this to be possible, we must usher out the rigged rules, attitudes, and practices that concentrate wealth and power in ever fewer and ever whiter hands, and usher in ways of living, working, and making decisions together that nourish communities for this generation and generations to come. For more information, visit www.nexuscp.org.
SOURCE Nexus Community Partners