The “$1M Challenge For Minority Entrepreneurs” is a Shark Tank-style competition launched by Metropolitan Economic Development Association (Meda) in partnership with the City of St. Paul to support early-stage minority-owned businesses that have potential for high growth.
A space to examine the everyday dollars and cents issues that impact your wallet and bottom line.
Black women are the fastest growing demographic of entrepreneurs. The number of businesses owned by Black women grew by 322 percent between 1997 – 2015, reported American Express in its “2015 State of Women-Owned Businesses Report.” Yet, when it comes to venture capital, this is the least funded segment.
Businesses can apply for a maximum $10,000 loan through the Job Opportunity Fund for each new, full-time equivalent job created, with a maximum loan total of $100,000. Loan requests of $50,000 or more will need to be approved by the Housing and Redevelopment Authority (HRA) Board.
In today’s economy of instant gratification mixed with easy credit access and mounting bills, financial freedom can seem like nothing more than a pipe dream. However, saving money is simpler than you think once equipped with the right information. “Most of us know what we need to do to not be in debt — spend […]
Black Women’s Wealth Alliance looks to galvanize Black women around not just how to spend money, but how to leverage its generational wealth-building power.
It’s important for children to learn about the value of money before they actually have any. As adults, sometimes it’s easy to forget that it took most of us our entire lives to learn what we know now about being fiscally accountable.
Homeownership Opportunity Alliance wants to help 64,000 households of color to get ‘Get Ready, Be Ready’.
Recent data from the Urban Institute shows that racial disparity in homeownership rates are highest in the Northeast and Midwest, with Minneapolis claiming the biggest divide — a whopping 50 percent difference between Black and White homeownership rates. Panelists at Sister Spokesman’s “Keys to Homeownership” on May 5 spoke on such disparities and offered information and resources for first-time […]
When North Minneapolis was separated and isolated by highways it was a big deal, and similarly, we need big ideas and plans to reverse that tragedy in order to address the housing needs of the current and future residents. Below, I have listed some ideas that I thought about as long- and short-term solutions. They do […]