Nonprofit Lands $1.15 Million Grant to Help Black Businesses Conquer Entrepreneurial Barriers

Style Magazine Newswire | 2/9/2018, 3:17 p.m.
Gaps between African Americans and whites in wealth, credit, and trust are ongoing obstacles that block the startup and growth ...

Source: BlackEnterprise.com

Gaps between African Americans and whites in wealth, credit, and trust are ongoing obstacles that block the startup and growth of black businesses. But the Association for Enterprise Opportunity (AEO) hopes to help change that scenario. AEO just received a new $1.15 million grant from the W.K. Kellogg Foundation to help black business owners overcome entrepreneurial barriers that have hindered them for decades. Based in Washington, D.C., the AEO is a nonprofit, with over 1,000 members, that provides capital and services to help underserved entrepreneurs open and expand businesses. The organization plans to use the grant to develop and launch new programs, products, services, and delivery models to boost growth in black entrepreneurship.