Displaying items by tag: Financing

Workspaces are popping up all over downtown and midtown Detroit but there are not too many in the neighborhoods. Thanks to the Motor City Match program, Elite Detroit Leadership event space, co-working space, and entrepreneurial hub will be coming to the Six Mile and Gunston area by the end of 2018.

J’Mel Dowdell’s thirst for entrepreneurial life started when he was young. “My mom and I moved to Los Angeles; we were living in a hotel for months,” he recalls. “She had a hot plate and she’d fry chicken and fish and make sandwiches. We’d go sell them in MacArthur Park close by. We used the money to survive. That’s really what gave me my fearless, entrepreneurial spirit.”

Since his 2015 departure from McDonalds where he served as CEO, Don Thompson has transitioned into the venture capital space with the late 2015 launch of “Cleveland Avenue,” a firm that focuses on food, beverage and restaurant ventures.

Five cities have received grants totaling a half-million dollars via a national program to help black- and women-owned firms land more contracts with local governments. (Image: iStock/monkeybusinessimages)  As part of an expanded City Accelerator program, Charlotte, Chicago, Memphis, Milwaukee, and Los Angeles will each get $100,000 to boost...

Through Business Equity Initiative, Eastern Bank is stepping up with a $10 million growth fund aimed at providing loans to build the capacity of businesses owned by people of color....

Citizens Trust Bank has had something to celebrate in its 95th year: continued relevance. As a gift of sorts for its nearly century-long existence as an institution in the black community, the community gave back to the bank with nearly $1 million in deposits – in just five days last July. The major influx of […]...

Paul Ryan Elliott, 31, took on his dream and created his own Vodka distillery and brand. As the CEO and Founder of loft & bear Vodka, he has won 11 awards and now has his vodka in Whole Foods, Target and Vons. The post Paul Elliott Creates Award-Winning loft & bear Vodka appeared first on Los Angeles Sentinel....

NFL Tennessee Titans linebacker Derrick Morgan seeks to tackle major issues facing minority and women-owned business, including capital access. A graduate of the University of Miami’s executive MBA program, Morgan partnered with veteran angel investor Rodney Sampson to start Opportunity Ecosystem to develop inclusive startup technology ecosystems...

Jay Z is launching a new venture capital fund according to a news report from Axios. Reportedly, Jay Z (Shawn Carter), will partner with the venture capital firm Sherpa Capital, which has invested in companies like Uber, Airbnb, and Slack. He also will partner with Jay Brown, a longtime business partner and president of Roc Nation. The...

Since the launch of Entrepreneurs of Colors Fund last year, JPMorgan Chase has awarded $2.75 million to nearly 30 minority-owned small businesses, to start up and expand in the Detroit area. More than two-thirds of the loans are supporting neighborhood businesses, creating approximately 79 jobs, and 45% are supporting minority women-owned...