MINORITY BUSINESS INCUBATOR
Minority-owned businesses are one of the backbones of the nation’s economy. Over the last 10 years, these businesses have created over 4.7 million jobs. Currently, there are more than 4 million minority-owned businesses in the United States, with sales that total nearly $700 million. Despite their growing importance, minority businesses face many obstacles, particularly when it comes to business financing. Minority businesses are much less likely to get loans than non-minority business owners, especially for ventures with less than $500,000 in gross receipts. And the ones that minority small businesses get from lenders tend to be half of what their counterparts receive.
This year, St. Luke's is hosting our first-ever Neighborhood Business Incubator event, for which entrepreneurs are invited to present their ventures, focused on inclusive entrepreneurship. As a part of the incubator, these entrepreneurs receive a variety of resources and benefits to help level the playing field, ranging from access to training opportunities as well as business loans and more! Join us for this event on Saturday, July 31 at noon where you can learn more about these entrepreneurs and have the opportunity to support their business ventures!Help St.Luke’s put our money where our mission is and give or volunteer for our minority business incubator.