Minority Biz - Small Business Tips and News for Minority Owned, Black Owned, and Women Owned Businesses

The racial and gender makeup of investment boards is tied directly to the investment decisions they make, especially when it comes to funding companies led by people of color or female founders, according to a new study released by the U.S. Small Business Administration.SBA Administrator Maria Contreras-Sweet highlighted the importance of the...

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Michael Elliot, a Hollywood screenwriter-turned-entrepreneur who wrote Brown Sugar and Just Wright, saw a need for a nail shop that caters to entrepreneurs, athletes, mechanics, and men who take proper care of their appearance and hygiene. So he created a first-of-its-kind environment that was welcoming to all men. Oversized leather chairs,...

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While the City of Flint, Michigan has made national headlines due to its poisoned water crisis, one local company is drawing positive attention to the community. GoodBoy Clothing recently was awarded $20,000 from AT&T, as the choice winner of its Agility Challenge competition.GoodBoy Clothing is a lifestyle streetwear brand that specializes in...

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After retiring earlier this year, Kobe Bryant, the former NBA MVP, announced the launch of a $100 million venture capital fund on Monday. Although the fund was quietly co-founded in 2013 with Jeff Stibel, news of the launch went public during a ceremonial ringing of the New York Stock Exchange bell.Shortly after the ceremonial ringing, Bryant and...

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The North Carolina tech hub American Underground has announced a first-of-its-kind program with Google for Entrepreneurs that is expressly focused on supporting African American founders raising a seed round (less than $750,000). The weeklong immersion program will run this fall from Oct. 9–15. “The goal is to fund at least 50% of the partic...

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Department of Community and Economic Development Secretary Dennis Davin today announced the creation of a new loan program to be administered through the Pennsylvania Industrial Development Authority (PIDA), dedicated to......

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Black women represent the fastest-growing group of entrepreneurs in U.S., with the number of African American women-owned businesses growing 322% since 1997.However, according to #ProjectDiane, a major national report released this month by the group Digitalundivided, black women startup founders raise only $36,000 on average, whereas white males...

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Entrepreneurs get to compete for a $200,000 grand prize, including the opportunity to pitch their business plan live in front of FUBU Founder Daymond John of ABC’s “Shark Tank.”...

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When it comes to credit and financing, racial disparities remain despite a 42-year-old federal law guaranteeing fair treatment in lending....

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Thursday, 18 February 2016 09:42

Daymond John launches start-up funding program

Entrepreneur Daymond John of ABC’s “Shark Tank” held a fireside chat Thursday, Feb. 4 during the kick-off presentation of the American Entrepreneurship Award (AEA). The new annual award program, which provides start-up funding of up to $25,000 for entrepreneurs, is sponsored by the Libra Group and the Idea Center at Miami Dade College.  An entrep...

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