Are You A Minority Business Owner? Federal Support Is On The Way
There are more and more small businesses popping up all around Western New York, and it's good to see that many of the businesses are minority-owned. The city of Buffalo is growing and starting to invest more into the enter-city. According to WGRZ, there is a program on the way to support minority-owned businesses in the city. The program will get money from President Joe Biden's " American Rescue Plan". The announcement was recently made by Buffalo's Mayor Byron Brown. This is also the third program that will be funded through the Buffalo Transformation fund.
How Can Minority Businesses Benefit From This Initiative?
Well, businesses can benefit because the goal of the city is to work with companies and people with business ideas to identify technical and financial needs. With this program in place, these companies and businesses will have funding to address some of the issues that may be slowing down their business or help get a new business started.
Supporting entrepreneurship in Black and Brown communities is the pathway to wealth creation for the residents of these neighborhoods and setting the foundation for a new stronger economy for the city. These types of investments in minority-owned businesses are critical to Buffalo's future prosperity and maintaining the progress we have made in strengthening our city's fiscal situation.
If you are looking for help with your startup, or if you would like input into how the funds are going to be used, you are encouraged to take a survey, the public input will be accepted through July 30.
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