Heard on the Street: minority entrepreneurs awarded $1.5M, creating wealth-building ecosystems, and where minority entrepreneurs are succeeding

By February 4, 2019 March 5th, 2019 Heard on the Street

Heard on the Street – here’s what we were reading last week:

First-ever national ethnic minority entrepreneurs challenge awards $1.475 million in financing: Nine ethnic-minority business owners from across the country competed in the finals event for Meda’s $1 Million Challenge Powered by Chase. The challenge was held by the Metropolitan Economic Development Association (Meda), one of the nation’s top minority business development agencies and headquartered in North Minneapolis, and the City of Saint Paul.

Small Businesses Are Waving the Caution Flag: After a banner year, many small businesses are becoming more cautious about their investment and hiring plans. Some are responding to early signs of slowing sales, while others fear that tariffs, unstable financial markets, the aftereffects of the government shutdown and other headwinds could damp economic growth in 2019.

Blueprint Local: Creating Wealth-Building Ecosystems in Local Communities: Ross Baird, founder of Village Capital, announced the formation of Blueprint Local. Its goal: to rebuild local communities by bringing together local capital, entrepreneurs, commercial and residential real estate developers, community organizers and others through funds targeting certain geographic locations.

Places Where Minority Entrepreneurs Are Succeeding: LendingTree looked across the country at minority-owned firms to see where they are succeeding. Cities in California took the top spots, while Midwestern metros rounded out at the bottom of the ranking.