WHY WE EXIST
Black entrepreneurs in America have expressed several key needs from the government to help support and grow their businesses. Some of the most commonly cited needs include:
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1. Access to Capital:
Many Black entrepreneurs face difficulties in securing loans and investment. They seek more equitable access to funding, grants, and loan programs specifically targeted at minority-owned businesses.
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2. Technical Assistance and Training:
There is a demand for programs that offer business education, mentorship, and training in areas such as financial management, marketing, and technology.
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3. Supportive Policies and Legislation:
Entrepreneurs call for policies that address systemic inequalities, such as anti-discrimination laws, tax incentives for minority-owned businesses, and initiatives that encourage supplier diversity in government contracting.
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4. Networking Opportunities:
Creating platforms and events where Black entrepreneurs can connect with peers, potential partners, and investors is crucial. This also includes fostering environments where they can share resources and knowledge.
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5. Access to Government Contracts:
Ensuring that Black-owned businesses have fair opportunities to compete for and win government contracts can provide significant growth opportunities.
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6. Community Investment: Investment in community infrastructure, including better access to high-speed internet, transportation, and commercial real estate, helps create an environment where businesses can thrive.
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7. Reducing Bureaucratic Barriers: Simplifying the process of starting and running a business, including reducing the red tape and streamlining licensing and regulatory requirements, can make it easier for entrepreneurs to navigate the system.
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These needs highlight a desire for systemic change and support structures that can address historical and ongoing inequities, providing a more level playing field for Black entrepreneurs to succeed.
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