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

After earning a degree in Entrepreneurial Studies from Babson College in 2000, Lashonda Jefferson went to work in the corporate sector, earning a salary that enabled her to pay off student loans. But after several years, Jefferson couldn’t give up the entrepreneurial itch. Since her days as a high school student at West Roxbury High School, she h...

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At Eye & Eye Optics, owner Bobin Nicholson wants the experience of choosing the right eyeglass frames to be as enjoyable and relaxing as the reggae music he loves. In 2010, the Dorchester resident purchased the former Peters Optical business in the Lower Mills neighborhood and retrofitted the shop to reflect his style and create a full-service eye...

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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...

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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...

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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...

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Brunson L. Cooper dreamed of starting his own construction firm--but he had no money, no investors, and no connections. He decided to become his own rich uncle....

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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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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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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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