The American Jewish Congress has received its second $100, 000 grant from the Ford Foundation for the Interracial Council For Business Opportunity, it was announced today. The ICBO was formed in 1963 and is co-sponsored by the American Jewish Congress and the Urban League of Greater New York. It was established to provide business advice and assistance to Negro businessmen and to help them apply for financial assistance when needed.
Negroes who wish to start their own business are encouraged and guided by the over 200 New York City businessmen, both white and Negro, who participate in the Council’s work on a voluntary basis as consultants. Fourteen banks are also participating in the program.
Offices of the ICBO have been established in New York City, Los Angeles, Newark and Washington.
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