H&R Block Provides Direct Relief Via Grants For Blacks

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KANSAS CITY, Missouri, October 28, 2021 (GLOBE NEWSWIRE) – H&R Block, Inc. (NYSE: HRB) and the Urban League of Greater Kansas City today announced the distribution of five micro-grants among the first cohort of Black business owners participating in the first year of the new small business program offered in partnership by the two organizations.

The program supports black-owned businesses, helping them survive and thrive as part of H&R Block’s goal of reaching and supporting 500,000 small business owners by 2025. Block’s Certified Tax Advisors Advisors offer free one-on-one coaching designed to improve financial management, tax compliance, accounting and payroll; ultimately increase the confidence of business owners when seeking financial capital and help foster equitable communities. The Urban League also provided free credit creation and other business support services as needed.

The five business owners who receive micro-grants that match their personalized business coaching goals are:

According to data from Block Advisors’ ongoing Small Business Recovery Series, black-owned businesses are disproportionately impacted by factors related to the pandemic, including more than half of black business owners reporting a drop in their earnings by 50% or more compared to just 37% of white business owners since March 2020. With nearly half (47%) of small business owners not optimistic about success in 2021, Block Advisors is doubling its target small business through its partnership with the Urban League of Greater Kansas City to improve financial management and confidence in black small businesses.

Business owners can find out more about the program by contacting the Urban League of Greater Kansas City at www.ulkc.org.

About H&R Block

H&R Block, Inc. (NYSE: HRB) provides help and instills confidence in its clients and communities around the world through global tax preparation, financial products and solutions for small businesses. The company combines digital innovation with the human expertise and care of its associates and franchisees, as it helps people achieve the best results at tax time and better manage and access their money throughout the life cycle. ‘year. Through Block Advisors and Wave, the company is helping small business owners thrive with innovative products like Wave Money, a small business banking and accounting solution, and the only professional bank account that automatically manages accounting. For more information, visit H&R Block News or follow @HRBlockNews on Twitter.

About the Greater Kansas City Urban League

The mission of the Urban League of Greater Kansas City is to empower African Americans and other disadvantaged populations to achieve economic autonomy, parity, power and civil rights. The Urban League offers programs and services to: ensure that young people are educated and equipped for economic independence; help adults achieve economic self-sufficiency through employment, entrepreneurship and wealth creation; help ensure access to affordable and quality health care; remove obstacles to equal participation in mainstream economic life; and advocate for racial equity and social justice.

For more information

Investor Relations: Michaella Gallina, (816) 854-3022, [email protected]
Jordyn Eskijian, (816) 854-5674, [email protected]
Media Relations: Angela Davied, (816) 854-5798, [email protected]


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