KEVIN HART’S GRAN CORAMINO TEQUILA ANNOUNCES 50 NEW SMALL BUSINESS GRANTS FROM CORAMINO FUND IN PARTNERSHIP WITH LOCAL INITIATIVES SUPPORT CORPORATION (LISC)

The Coramino Fund announces $500,000 in Grants to 50 U.S. Small Businesses – a new small business and entrepreneurship program led by LISC and funded by Gran Coramino Tequila – providing cash grants and resources to Black and Latino entrepreneurs and small business owners

JERSEY CITY, New Jersey, March 1, 2023 /PRNewswire/ — Today, Gran Coramino^® Tequila^®founded by entrepreneur Kevin Hart and 11th generation tequila maker, Juan Domingo Beckmannis proud to announce the 2023 recipients of the Coramino Fund U.S. program, in partnership with the national nonprofit Local Initiatives Support Corporation (LISC).

The Coramino Fund was created to support Black and Latino small business owners and entrepreneurs who have historically been prevented from accessing the capital and resources needed to grow their businesses. Applications for US companies opened in November 2022, and have been received from all 50 states and across a wide range of industries, including retail, transportation, educational services, and more. 50 eligible companies were selected by LISC to receive grants. 50% of the Coramino 2023 Fund’s selected businesses are Black-owned, 36% are Latinx-owned, and 14% are Black- and Latinx-owned. 68% are women-owned businesses.

Created by the founders Kevin Hart, Juan Domingo Beckmannand developed in partnership with Global Brand Equities, Gran Coramino Tequila gives back $1 of every bottle sold to support Black and Latinx entrepreneurs and small business owners in the United States and the United States Mexico. In early 2022, Gran Coramino partnered with LISC in the United States and the Beckmann Foundation in Mexico provide subsidies to local entrepreneurs. THE Mexico the program will launch later this year.

“We are proud to announce the recipients of this year’s Coramino Fund in partnership with Gran Coramino Tequila,” said Lisa Glover, CEO of LISC. “Black and Latino entrepreneurs have historically lacked access to financial resources and learning opportunities, limiting the ability of their businesses to grow and thrive. This impactful partnership provides vital resources to an exceptional group of small business owners across the country, who in turn support our local operations. communities,” Glover said.

“Juan and I always knew we wanted Gran Coramino to have a sharing element aimed at providing Black and Latino entrepreneurs with the resources needed to pursue their small business dreams,” said Kevin Hart, co-founder of Gran Coramino Tequila. “Teaming up with LISC last year to launch the Coramino Fund in the United States was the start of this journey. Today, we are honored to recognize the 50 inspiring and hardworking entrepreneurs from across the country who were selected by LISC to receive a cash grant from the Coramino Fund,” Hart said.

Founded in 1979 with funding from the Ford Foundation, LISC has grown into one of the nation’s leading nonprofit organizations working to forge vibrant, resilient communities across America through investments in communities and underserved places.

Future grant opportunities with LISC and The Coramino Fund will be announced as they become available. Please visit www.lisc.org/grancoramino for more information on the Coramino Fund and to learn more about the 2022-2023 fellows.

US beneficiaries of the Coramino Fund 2023

Gran Coramino | LIC
(email protected)

ABOUT LISC
LISC is one of the nation’s largest community development organizations, helping to forge vibrant, resilient communities across America. LISC works with communities and partners to close systemic gaps in health, wealth, and opportunity and advance racial equity so people and places can thrive. Since its creation in 1979, LISC has invested $26.7 billion to create more than 463,000 affordable homes and apartments, develop 78.5 million square feet of commercial, community and educational space, and help tens of thousands of people find jobs and improve their finances. During the COVID-19 pandemic, LISC and its partners delivered nearly $240 million in emergency cash grants to more than 16,000 small businesses across the United States. More than 95 percent of recipients said the grant helped them maintain operations during Covid-19. More than 80 percent of the recipients were entrepreneurs of color and more than half were women. For more information on the donation program, please visit www.lisc.org/grancoramino.

ABOUT GRAN CORAMINO^™ TEQUILA
Gran Coramino is a tequila brand founded by two world-class masters of their craft, Juan Domingo Beckmann And Kevin Hart. As entrepreneurs and tequila enthusiasts, Juan and Kevin first bonded Tequila, Mexico about their passion for what tequila is and can be, as well as their shared values ​​and desire to innovate in the tequila category. Launched first with Gran Coramino Reposado Cristalino, the tequila is aged in Eastern European oak barrels, finished in California Cabernet wine barrels and slowly filtered for smooth flavor and crystal clear color. On September 14, 2022, the brand has expanded with an Añejo expression, aged in American and French oak barrels for 12 months. The tequila is then blended with Añejo reserves aged in ex-cognac barrels. The final liquid reveals notes of butterscotch, toasted cocoa and coffee beans for a silky, smooth tequila taste with a long, smooth cognac finish. Gran Coramino will make a donation $1 of each bottle sold to support diverse entrepreneurs and small businesses in the communities of Tequila, Mexico And United States. Gran Coramino is available at the recommended retail price of $49.99. For more information, please visit www.GranCoramino.com and follow @GranCoramino on Instagram.

Gran Coramino^® Tequila. 40% Alc./Vol. (80 proofs). Trademarks owned by Gran Coramino LLC. Proximo, Jersey City, New Jersey. Please drink responsibly

ABOUT GLOBAL BRAND SHARES
Global Brand Equities (GBE) is the leading producer, owner and operator of disruptive consumer brands in the spirits industry. Founded by an international entrepreneur James Morrissey, GBE’s portfolio consists of investments in brands that live in high-growth categories. Responsible for some of the industry’s most successful product launches globally, the company continues to innovate and evolve beyond average industry standards. Creating long-term brand equity growth is a priority for all of GBE’s businesses, and its foundations are deeply rooted in the alcohol, manufacturing and entertainment sectors, ensuring longevity and the ability to scale worldwide. The growing portfolio which includes Maison No 9 French Rosé, Gran Coramino Tequila, Mercier + Prince Canadian Whiskey and Sunny Vodka continue to receive exceptional accolades from leading experts. www.globalbrandequities.com

SOURCE Gran Coramino