The untapped potential of minority entrepreneurship
There are at least 8 million minority entrepreneurs in the U.S., and minority-owned businesses contribute close to $49 billion in local, state, and federal taxes, yet barriers to capital continue to suppress their growth and revenue.
The Enterprise Center’s Innovate Capital initiative is a $50M equity fund that facilitates strategic partnerships between minority businesses and investment partners.
Why become an investor?
- Growth: Minority-owned businesses are growing at 10 times the rate of other businesses.
- Job creation: Small businesses are key sources of living wage jobs in underprivileged communities, and minority-owned businesses reduce hiring discrimination.
- Asset and wealth creation: Business ownership shrinks the wealth gap for minorities and encourages a stronger, more inclusive economy.
- Community revitalization: When their capital needs are met, businesses can give back to their communities through stimulation of the local economy, job creation, and the purchase and renovation of real estate.
For more information on investor opportunities, please contact Blessy Thomas at email@example.com or 215-895-4023.
“ As my business moves to the next level, leadership training, and management support that the Enterprise Center provides are keys to achieving greater sales and more contracts. ”
“ The CCE has been a helpful place to get questions answered when dealing with the city, how to create recipes, so we can be more consistent, create a budget, and best of all having other ‘foodprenueurs’ to meet and gain ideas and support in their endeavors. ”
“ When we first started with The Enterprise Center Capital Corporation, we had maybe 6 or 7 accounts, and we've doubled that now. The Enterprise Center Capital Corporation has been very helpful funding my larger jobs and assisting me with maintaining payroll and buying equipment. ”
“ I hope that when it all opens up that everybody goes out and supports our small businesses. ”
“ The Enterprise Center’s Dorrance H. Hamilton Center for Culinary Enterprises (CCE),is a great community to be a part of. ”
“ I highly recommend the Enterprise Center and MBDA to diverse founders who are seeking capital to scale their businesses. ”
“ Working with the MBE Equity Multiplier team has been life changing. I cannot recommend this service more - I'm still mind blown by how much better our pitch has become. ”
“ When they’re given easy opportunities to serve, our citizens really step up. ”
“ Remaining competitive in the current marketplace often requires access to capital at key moments in our business. ”