WEDC grant helps Urban League aid startups

Black Business Hub Accelerator Fund will support diverse entrepreneurs

MADISON, WI. JULY 16, 2021 – The Wisconsin Economic Development Corporation (WEDC) has awarded the Urban League of Greater Madison a $400,000 Capital Catalyst grant to help the organization launch its Black Business Hub Accelerator Fund.

“We know that entrepreneurs and business owners of color can face hurdles in getting access to capital needed to grow their businesses,” said Missy Hughes, WEDC secretary and CEO. “This initiative addresses some of those concerns and provides business owners with culturally-competent advisors and services.”

The Black Business Hub Accelerator Fund will offer loans, grants and culturally competent technical assistance to at least 40 startups and existing companies owned by people of color. The fund is geared toward businesses considering locating in the newly announced South Madison Black Business Hub...
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