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

Three young D.C. entrepreneurs aim to serve some heart-warming hope and hospitality as they open their first venture, The Village Cafe, inside Union Market. Kevon King, Mahammad Mangum and Ryan Williams who met as kids, and bonded at Woodrow Wilson High School, maintained a friendship, and recently agreed to make a change in their career trajectories.

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Opportunity Fund, the largest nonprofit lender to small businesses in California and national leader for the microfinance movement, announced today a campaign to identify, educate, mentor, and provide access to capital for women-owned small businesses.

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In a move that could see more investments for startup founders of color, rapper and business mogul Jay-Z is launching Marcy Venture Capital Partners in partnership with Roc Nation President Jay Brown and Silicon Valley veteran Larry Marcus, whose investments focus on digital media and consumer services.

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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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