Heard on the Street: Black business revival, $1 million business-plan competition, and more!

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

A Revival of Black Business, and Pride, in Brooklyn: “A survey of business owners by the Census Bureau reported a substantial jump in the number of black-owned businesses nationwide between 2007 and 2012, to 2.6 million from 1.9 million. That boom was driven by women, who account for 59 percent of black-owned businesses, compared to 36 percent of businesses nationwide.”

The World’s First Innovation House Debuts in Chicago to Provide Platform for Business Transformation and Corporate Strategy: Salt Flats launched a new Innovation House in Chicago, designed to bring an innovative business transformation service to corporations seeking to revolutionize their companies to find new products, services and business models, as well as support new ventures.

Strong Social Networks are Key to Turning Around Communities: LISC’s CEO reviews some of the outcomes of one of the largest single-city community development efforts in the country – the New Communities Program in Chicago. The findings prove that strong local infrastructure of nonprofits, businesses, and other stakeholders are key to attracting capital and improving quality of life.

Meda plans $1 million business competition for minority-run small businesses: Meda is launching a national business-plan competition, including speed-pitching events, educational opportunities, a business accelerator, and four finalist awards, for minority-run small businesses.