Minority
Minority-owned businesses continue to grow, but access to funding often lags behind. The Federal Reserve Banks’ Small Business Credit Survey reveals that fewer than 35% of Black, Asian, and Hispanic business owners secured the full amount of funding they applied for, compared to over half of white business owners. This highlights the importance of grants […]
A recent executive order has initiated the dismantling of the Minority Business Development Agency (MBDA), a move that has drawn concern regarding its potential impact on minority economic advancement. This decision threatens decades of progress in supporting minority entrepreneurship and access to economic opportunity. Since its establishment, the MBDA has served as a resource for […]
Minority-owned small businesses often face challenges securing capital for startup or growth. While loans are an option, many prefer alternative funding sources. Grants offer a valuable alternative, providing funding that doesn’t require repayment. 18 Minority Business Grants Many minority small business grants and assistance programs exist. However, finding the right one can be challenging. The […]
Minority-owned businesses continue to grow, but access to funding hasn’t kept pace. The Federal Reserve Banks’ Small Business Credit Survey indicates that fewer than 35% of Black, Asian, and Hispanic business owners secured the full amount of funding they applied for, compared with more than half of white business owners. This highlights the importance of […]
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