After opening Nourish Spot in her Jamaica, Queens, neighborhood, Dawn Kelly turned to the Wocstar and Ghetto Film School Entrepreneur Academy to help her navigate the unique challenges faced by small business owners, especially Black entrepreneurs. Learn how the academy, which was supported by a grant from Walmart through the Walmart.org Center for Racial Equity, empowered her to raise capital, attract investors and share her story. https://walmrt.us/45ynLFI
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"A journey of a thousand miles begins with a single step," is a quote that originated from a Chinese philosopher, Lao Tzu. You won’t get anywhere unless you start the journey. At Formation Ventures, we believe that those who journey alongside others travel further than they could on their own. That is why we cultivated a space of belonging for emerging Black entrepreneurs. Where could you use the most help in getting your venture started? Comment below.
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Newman University Doctor of Business Administration Student 2022-2026, Consultant, Community Advocate, Educator, Business Owner, Strategist
National Black Business Month ensures that Black-owned businesses get the recognition and patronage they so richly deserve, especially if any of them are struggling to stay afloat. To celebrate Black-owned businesses is to empower more people from the African-American communities to dream big and begin their own entrepreneurial journeys, and we love the empowerment that brings us one step closer to achieving equity. #cmeleadup #nationalblackbusinessmonth #wearestrongertogether #ictblackbusinesscircle
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Black Business Month is coming to a close, but our commitment to supporting Black-owned businesses should not. Despite the progress made, many Black entrepreneurs still face significant challenges, including limited access to capital and lower revenues compared to their non-Black counterparts. Supporting Black-owned businesses is a powerful way to address the racial wealth gap, which remains a significant barrier to economic equality. Let's make it a priority to seek out and support these businesses all year long. Be sure to check out the DeKalb Black Business Guide that was put together by Decide DeKalb Development Authority, making it easy to discover and support local Black-owned businesses. https://loom.ly/nitvyF4
A little over a week ago, Ryan Wilson and Lakeysha Hallmon, EdD, entrepreneurs and leaders in Atlanta’s Black business community, were texting about a disturbing trend they had noticed. All around Atlanta, Black small businesses are shutting their doors. Wilson said they knew they had to do something about it. So, they called “a family meeting.” On Tuesday night, about 500 people came to hear Wilson, Hallmon, entrepreneurs like Slutty Vegan founder Pinky Cole and leaders of financial institutions and nonprofits talk about the realities of being a Black business owner at this moment. Read more to learn the blunt and honest assessments entrepreneurs like Cole gave about how their businesses are faring: https://lnkd.in/e4-GXART
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Senior Program Officer at Local Initiatives Support Corporation (LISC) and doctoral candidate at Prairie View A&M University Doctor of Business Administration Program
👏🏽Grateful for the invaluable support that has propelled our endeavors forward. As we commemorate our achievements, let’s take a moment to consider some enlightening statistics: - 99.9% of American businesses are classified as small businesses. - 84.8% of establishments in rural areas operate as small businesses. - 43.2% of all small businesses are owned by women. - 20% of employer businesses are owned by minorities. These figures not only underscore the significant presence of small businesses but also highlight the diversity and resilience within our entrepreneurial landscape. Let’s continue to champion their endeavors and foster an environment conducive to their success.
Big news! With our partners Gran Coramino and Kevin Hart, we’ve awarded $1M in grants to more than 100 Black and Latinx entrepreneurs, helping close wealth and opportunity gaps that limit their ability to grow. Now that’s a milestone worth celebrating! Meet our latest group of grantees: https://lnkd.in/eU4ymUk6
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Supporting Black entrepreneurs is an important part of creating an equitable entrepreneurial ecosystem. Although important gains have been made in the past few years, there are still significant barriers for entrepreneurs of color. Check out our equitable entrepreneurial ecosystem guide to learn more about how you can support Black entrepreneurs in your community: https://bit.ly/3rIGOLr
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Cofounder at Black Women Talk Tech & AcceleratorCON | Roadmap to Billions TOR- Sept 29- 30th, 2024| AcceleratorCON NYC: Nov 8th, 2024 | Speaker | Angel & LP Investor| Advisor |
Check out this talk!
Mark your calendars for April 26th because I'm thrilled to be a speaker at the highly anticipated second annual Yale Black Venture Summit! This dynamic event, hosted at the prestigious Yale School of Management, is not just another conference - it's a pivotal moment in the journey of entrepreneurship. Join me alongside a vibrant community of founders, investors, and ecosystem builders as we come together to amplify our voices and celebrate our achievements. The Yale Black Venture Summit is more than just a gathering; it's a catalyst for change, a platform for innovation, and a testament to the power of diversity in the entrepreneurial landscape. 🔗 Register for the conference today at https://lnkd.in/eF4Xz9sv
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This statistic goes beyond just numbers - it emphasizes the significant obstacles that Black entrepreneurs must overcome. The fact that 95% of Black-owned businesses operate with just a single employee speaks to the lack of access to capital, mentorship, and other critical resources that could empower these entrepreneurs to grow their companies. Addressing this challenge will require a multifaceted approach, providing Black business owners with the tools, funding, and collaborative networks to transition from solo-preneurs to leading thriving, multi-employee organizations. By investing in the success of Black entrepreneurship, we can unlock the immense potential that currently remains constrained within a predominantly single-person business landscape. #SlausonVentures #SVCommunity #POC #blackbuisness #statistics
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Exploring the rise of Black entrepreneurship, this article highlights five organizations supporting Black youth in developing business skills. From the Black Girl Ventures Foundation to the Center for Black Entrepreneurship, these initiatives are fostering creativity, innovation, and leadership among young Black individuals. #blackentrepreneurs https://lnkd.in/en5DdjN9
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In the spirit of celebrating the unsung heroes of our past, let's take a moment to honor the remarkable journey of Alonzo Wright, who rose from the humble streets of Fayetteville, Tennessee, to become Cleveland's first African American millionaire. His mantra? "A Business Built With a Rag." With sheer grit and a vision for the future, Wright began with a single SOHIO gas station and multiplied his venture into an empire of 11 stations by the 1940s. This wasn't just business; it was a movement, as he became the leading employer of black youth in America at the time. Wright's tale is one of unparalleled resilience. He overcame racial adversity, persevering even when his home was bombed due to his race and success. Undeterred, he pivoted to real estate, establishing Wright's Enterprises and leaving a lasting mark on Cleveland's landscape. Alonzo Wright's legacy is not just in his wealth, but in his unyielding support for the community and his role as a trailblazer for future generations. 🌱 Let’s spread the word about Alonzo Wright's inspiring story. Like, share, and follow for more tales of tenacity. Discover how extending Wright's vision for a thriving, inclusive economy at GrowthOpps.org. Your support helps empower the next wave of entrepreneurs in communities that need it most. #LegacyOfLeadership #EconomicEmpowerment #AlonzoWrightLegacy #GrowthOpps
The Inspiring Journey of Alonzo Wright Born in 1898 in Fayetteville, Tennessee, Alonzo Wright defied odds to become Cleveland's first African American millionaire. His story is a testament to perseverance, innovation, and community upliftment. Starting with one SOHIO gas station, Wright expanded to 11 stations by the 1940s. His motto? "A Business Built With a Rag." Wright's success opened doors for countless others, employing more black youths than any other businessman in America by 1940. Despite facing racial adversity, including a bombing of his home, Wright's entrepreneurial spirit never wavered. He transitioned to real estate, founding Wright's Enterprises and making significant acquisitions across Cleveland. Wright's legacy as a pioneering entrepreneur and community supporter continues to inspire. His journey from humble beginnings to groundbreaking success shows the power of determination and giving back. Like, share, and follow to spread Alonzo Wright's inspiring story! Visit GrowthOpps.org to learn how we're continuing Wright's legacy by empowering aspiring entrepreneurs in underserved communities. #AlonzoWright #ClevelandHistory #BlackEntrepreneurs #EconomicEmpowerment #CommunityDevelopment #BusinessPioneer #InclusiveGrowth #AfricanAmericanHistory #EntrepreneurialSpirit #GrowthOpps
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🖤✨Celebrate Black Business Month by supporting Black-owned businesses. Here are some impactful ways you can show your support all year round: 1️⃣Shop Black-Owned: Discover and purchase products from local Black-owned businesses. 2️⃣Spread the Word: Share your favorite Black-owned businesses on social media. Use hashtags like #SupportBlackBusinesses. 3️⃣Leave Reviews: Write positive reviews for Black-owned businesses you've patronized. 4️⃣Attend Events: Participate in events, pop-ups, and markets showcasing Black entrepreneurs. 5️⃣Follow & Engage: Follow Black-owned businesses on social media and engage with their content. 6️⃣Invest: If possible, invest in Black-owned startups and businesses. 7️⃣Collaborate: Partner with Black-owned businesses for your next project or event. 8️⃣Donate: Support organizations that fund and mentor Black entrepreneurs. 9️⃣Gift Black-Owned: Choose Black-owned businesses for your gifting needs. 🔟Extend Grace: Give Black-owned businesses the same grace for mishaps, mistakes, and missteps that you would to any other business. Let's uplift and celebrate the brilliance and resilience of our Black entrepreneurs! #BlackBusinessMonth #SupportBlackBusinesses #CommunityLove
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