Tag

Minority Owned Businesses

All articles tagged with #minority owned businesses

business1 year ago•8 min saved

"Reviving Black Wall Street: Tulsa's Journey to Empowerment and Justice"

More than 100 years after the Tulsa Race Massacre, Tulsa is becoming a hub for Black entrepreneurs, with initiatives like Act House providing support and investment opportunities. Despite the city's difficult history, organizations like Build In Tulsa are working to empower minority-owned businesses and combat funding disparities. Entrepreneurs in Tulsa are finding inspiration in the city's history and are determined to create a thriving ecosystem for Black entrepreneurship, despite facing challenges in obtaining funding and government support.

via CNBC|

#black-wall-street #business #entrepreneurship

business2 years ago•5 min saved

Addressing Disparities in Banking for Entrepreneurs of Color.

The collapse of Silicon Valley Bank has reignited concerns about lending discrimination in the banking industry and the resulting disparities in capital for people of color. Minority business owners have long faced challenges accessing capital due to discriminatory lending practices. Many women, people of color, and immigrants opt for community or regional banks like SVB because they are often rejected from the “top four banks.” Black-owned banks work to close the lending gap and foster economic empowerment in these traditionally excluded communities, but their numbers have been dwindling over the years, and they have far fewer assets at their disposal than the top banks.

via CNN|

#business #entrepreneurs-of-color #lending-discrimination