The National Business League’s Post

Here are some grant opportunities for Black entrepreneurs

Tiffany Callender - Co-Founder and CEO of The Federation of African Canadian Economics (FACE Coalition). In the ever-changing landscape of modern business, I believe the future of Black entrepreneurship is at the forefront of innovation, resilience and transformative growth. In recent years, there has been a shift toward more inclusivity and diversity, creating incredible opportunities for Black entrepreneurs. Here's what I've learned about emerging trends and opportunities that can help support further success for Black entrepreneurs in the years ahead. 1. Embracing Technological Advancements As the world becomes more interconnected, embracing digital platforms, ecommerce and fintech solutions is becoming not just a trend but a necessity. 2. Amplifying Social Impact I believe that Black entrepreneurship is set to become a powerful force for positive social change. I recommend seizing this opportunity to create ventures that generate economic value and contribute to society's betterment by embedding sustainability considerations into all aspects of your business operations, from procurement and supply chain management to product design and packaging. Partner with suppliers and vendors who are committed to ethical and responsible business practices, including labor standards, environmental regulations and human rights principles. 3. Fostering Collaboration And Networking Other important elements for the future of Black entrepreneurship are collaboration and networking. I have found that building solid alliances within and beyond the community can help significantly with accessing resources, mentorship and business opportunities. In an era where partnerships drive innovation, Black entrepreneurs are establishing networks that go beyond traditional boundaries. Collaborative ecosystems are emerging, facilitating knowledge exchange and creating a supportive environment for the growth of Black-owned businesses. The government of Canada, in partnership with leaders of Black-led organizations, has established the Black Entrepreneurship Program to bolster the entrepreneurship ecosystem for Black entrepreneurs by giving enhanced access to networks and resources. 4. Dismantling Barriers And Promoting Inclusivity As leaders, we should create environments that foster inclusivity and break down barriers that historically obstruct access to capital and opportunities. Creating inclusive environments and promoting diversity and equity require deliberate effort and ongoing commitment. A good starting point is to educate yourself and your team about the unique challenges Black entrepreneurs face and the broader issues of systemic racism and inequality. Another strategy is to ensure that your leadership team and decision-making bodies reflect diversity and inclusion. These steps can help create a level playing field where talent and innovation thrive regardless of background, race or color.

A new study by LBS Professor Olenka Kacperczyk shows that Black entrepreneurs are finding success through intrapreneurship, facing fewer barriers compared to traditional entrepreneurship. Although Black Americans make up 14% of the population, Black-owned businesses represent only 3% of all US employer firms and just 1% of private sector revenue. Intrapreneurship offers a new path to startup success, with just a 2% performance difference between Black and White-led ventures over five years. Learn more about how intrapreneurship could be a game-changer for Black founders in Think: https://ow.ly/cWw150TQCtf #BlackHistoryMonth #Intrapreneurship

Did you know that Black female entrepreneurs have dominated the business climate, representing roughly 2.1 million businesses and 52.1% of all Black-owned enterprises? This month marks National Black Business Month and Black-owned businesses are overcoming challenges to build supportive networks and shaping their communities to prosper. These incredible entrepreneurs are paving the way for future generations. Read how they’re championing change and innovation in this article from Word In Black: https://lnkd.in/gNC_gvDZ #BlackWomenEntrepreneurs #Innovation #Leadership #Entrepreneurship #NationalBlackBusinessMonth

From lack of capital to trust issues, Black entrepreneurs face hurdles. Is intrapreneurship the bridge to overcome these challenges? https://zurl.co/RwHU #BusinessInnovation #InclusiveEntrepreneurship

The EY Entrepreneurs Access Network provides resources and support for Black and Hispanic/Latino entrepreneurs seeking to put their businesses on a path for broadscale growth. Learn more about the program and how you can apply. https://lnkd.in/geSyT7M

Empowering Black Entrepreneurs: Join the Movement! Join us for an empowering virtual panel on She Boss Talk as we celebrate Black Business Month! Our expert speakers, including Nicole Roundtree, share insights on supporting black entrepreneurs, building wealth, and creating lasting legacies in the community. Don't miss this inspiring discussion! #SheBossTalk #BlackBusinessMonth #Entrepreneurship #PanelDiscussion #Empowerment #WealthBuilding #CommunityImpact #BusinessLegacy #SupportBlackBusiness #OnlineCommunity

Black Entrepreneurs Training Academy (B.E.T.A), a year-long program providing participants with the skills, resources, and support necessary to put down strong roots, grow and thrive in today’s competitive marketplace. B.E.T.A. program helps lift up local entrepreneurs Four years into an intensive entrepreneurship support program, five Black female entrepreneurs keep expanding the ranks of the business community in Kalamazoo and beyond https://lnkd.in/gia6EmwS

Support for Black Entrepreneurs in Portland 🤝🏿🌱 Portland is taking significant steps to uplift Black entrepreneurs, addressing historical disparities and fostering a more inclusive business environment. This article explores initiatives aimed at providing resources, funding, and mentorship to Black-owned businesses. Highlighting local organizations and community leaders, it showcases success stories and emphasizes the importance of supporting diverse voices in the entrepreneurial landscape. By focusing on collaboration and empowerment, Portland is paving the way for a more equitable economy, ensuring that all entrepreneurs have the opportunity to thrive. #BlackEntrepreneurs #Portland #SupportLocal #Equity https://lnkd.in/dStGRMnW

BlackCEOO, a training platform for Black entrepreneurs, has announced the launch of its “Extreme Business Makeover” program. The three-day program is designed to accelerate the growth of Black-owned businesses, tackling challenges that often hinder scaling.