The Mankato Chapter of One Million Cups has put together a panel of people with experience working with and in diverse communities. The federal government has designated the SBA as a resource for all entrepreneurs. Starting or growing a young business can be challenging, but minority owners often face unique barriers to success. Microlenders like Accion can provide financing as well as mentoring and networking opportunities for minority-owned businesses. Here, they confess all their secrets. Change ). Under the SBA definition, qualifying minority groups include African Americans, Hispanic Americans, Native Americans, Asian Pacific Americans, and Subcontinent Asian Americans. The discussion will be guided by Lisa Cownie, Editor of CONNECT Business Magazine. One of their main goals is to connect qualified businesses with private sector contract opportunities. Best of all, the site provides one-on-one counseling sessions to help you with your business. MBDA produced an ongoing series of web-based seminars so that business owners or aspiring owners have access to up-to-date information on business trends. ( Log Out / The NMBC is your key to unique proposals strategically directed at minority business owners. Minority Business Development Agency (MBDA), access MBDA’s online research library and catalogue of statistical documents online, National Minority Supplier Development Council, 2016 calendar for upcoming events and conferences. This 51% may be in stocks, bonds, or liquid assets. Posted on August 28, 2020 by johnconsidine, Tags: business resources, mankato one million cups, minority business mankato, one million cups. MBDA – The Minority Business Development Agency has one goal: to promote minority-owned business growth. With networking and research, you are leveraging yourself to not only pursue your own American Dream, but join the ranks of the growing numbers of successful minority small business owners. National Minority Business Council– Looking for new contracting opportunities? ( Log Out / Black Enterprise publishes current, trending topics, including relevant articles on career, building wealth, and small business news, with a specific focus on the challenges and accomplishments of African Americans in business. As a minority or female business owner, you can take advantage of the SBA 8(a) business development assistance program, which will get you access to proposals targeted exclusively at minority business owners. Accion is a nonprofit, community organization dedicated to helping small business owners succeed and thrive. Black Enterprise – This is the ultimate business news and investment resource online for African Americans. "At Accion, the loan process was straightforward. Small businesses can seek out assistance from the SBA regarding funding, education, and federal contracts. For example, discrimination can hinder minority and women business owners from obtaining proper funding to start operating a small business. Starting your own business can be an exciting, challenging, overwhelming time. Enter your email address to follow this blog and receive notifications of new posts by email. This field is for validation purposes and should be left unchanged. SBA – The Small Business Administration offers support to minority and women owned businesses. Whether you've started a small business or are self-employed, bring your work to life with our helpful advice, tips and strategies. 2. The NMSDC connects certified Asian, African-American, Hispanic and Native American businesses with corporate members to provide increased procurement and business opportunities. During a virtual discussion, we will highlight key resources available to small minority-owned businesses. Read on for specific tips and resources to turn your dreams into reality. >. If you’re a minority business owner and you’re struggling to take your business to the next level, there’s a wealth of online resources to help you out, from helping you land new contracts to gaining access to minority financing resources. Another federal government agency, the MBDA (affiliated with the U.S. Department of Commerce), focuses on minority entrepreneurial development. MBDA fosters connections among industry peers by providing multiple networking opportunities throughout the year. Over 60% of Accion borrowers come from minority communities. However, minority women-owned businesses tend to face additional uphill battles that non-minority business owners don’t. These designated minority groups would all be eligible for the SBA’s 8(a) Business Development program. Change ), You are commenting using your Twitter account. In addition to free continuing educational programs and materials, the MBDA also offers networking options and connects minority business owners with contract opportunities for qualified businesses. You can explore their free webinars online. The Department of Transportation, for … The scope of their assistance includes loan programs, educational resources, and federal contracting programs for certified businesses. Making It – This website is packed with information pertaining to minority enterprises. You can access MBDA’s online research library and catalogue of statistical documents online. One educational resource is extended continuing education in the form of webinars. In just 15 minutes, you can be on your way toward applying for a small business loan. Worry no more: The MBDA offers assistance to help you finish your business plan painlessly. Now I have a whole line of sauces in 200 stores.". Participants will have the opportunity to ask questions. Under the SBA definition, a minority-owned business is when the minority business owner holds 51% or more of the company. >, Articles, Videos & Webinars Business Resources Check out their 2016 calendar for upcoming events and conferences. Under the SBA definition, a minority-owned business is when the minority business owner holds 51% or more of the company. The group also offers sustainability information and can help you earn a Green Business Certification along the way. Meda Announces Third Annual "Million Dollar Challenge for Minority… 7 Marketing Resources Every Black Business Owner Should Tap Into Business leaders honored by Arizona Hispanic Chamber for positive… SBA – The Small Business Administration offers support to minority and women owned businesses. Unfortunately, minority-owned businesses still face an unfair struggle in some arenas. Pam Bishop, Vice President of Economic Development, Southern Minnesota Initiative Foundation. CAP is specific to businesses located in New York. The MBDA seeks to strengthen the U.S. economy by “improving the lives of all Americans.” To that end, their mission statement seeks to develop both job growth and economic expansion. Given the number of resources available to you as a minority entrepreneur, rather than feeling discouraged, hopefully you will feel inspired and empowered. COVID-19 isn’t helping the situation either. CAP provides multiple resources for certified minority-owned businesses – from networking to career assistance. Black Enterprise Magazine is online magazine which provides business news, educational tools and minority business trends, as well as networking opportunities for African Americans. Minority Business Development Agency (MBDA) The United States Department of Commerce has the Minority Business Development Agency, an organization that offers grants with deadlines throughout the year. During a virtual discussion, we will highlight key resources available to small minority-owned businesses. CAP also provides skills training for aspiring minority entrepreneurs so that they may have multiple career opportunities in the workforce. When you’re ready to take the leap toward owning your own business, know that you have educational tools, funding options, and networking groups available to help you achieve your dream. Minority-owned small business information center includes resources, information, and links to assist minorities with starting or growing their small business. Resources for minority business owners haven’t always been available, yet they have overcome this obstacle impressively.
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