Up to One Million Dollars in Financing to Be Awarded to Ethnic Minority Companies in Shark Tank-like Business Competition
Applications Open Now Through September 12, 2018
–(BUSINESS WIRE)–#entrepreneurship–Metropolitan Economic Development Association (Meda):
WHY: |
Minority business owners have historically found it difficult to gain access to capital. This funding often plays a big part in determining between the success and failure of the business. Studies have shown that financial, human, and social capital, as well as racial discrimination, are primarily responsible for disparities between non-minority and minority businesses. Achieving parity is key to significant U.S. economic growth, creating new jobs and raising wages in economically disadvantaged communities. |
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WHAT: |
To help solve this dilemma and bring attention to this issue, the |
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WHO: |
Ethnic-minority owned businesses from across the country will meet in Saint Paul, Minn. and will participate in a speed pitching event to qualify for up to one million dollars in financing. The challenge is being held by Meda, the U.S. Department of Commerce’s top-performing minority business development agency in the nation. |
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WHEN: |
Round one will be held on October 10, 2018 as part of Twin |
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WHERE: |
The October 10, 2018 event will be held at the Travelers Insurance |
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HOW: |
Potential ethnic minority businesses wanting to apply can do so at www.meda.net |
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For Meda:
John Scally, 202-878-8333
or
Paxton
Alto, 612-455-1719
or
Andy O’Leary, aoleary@meda.net