$400,000 grant permits City League of Higher Madison to launch Black Enterprise Hub

MADISON, Wis. — The Wisconsin Financial Growth Company awarded the City League of Higher Madison a $400,000 grant to assist launch its Black Enterprise Hub.

The Hub might be constructed on the nook of Park Avenue and Hughes Place by 2022. The four-story 76,000 sq. ft. constructing will provide companies owned by folks of shade the prospect to have a bodily location and supply on-site sources and entrepreneur help companies.

“This may permit us to beat one of many largest challenges that Black companies face and that problem is gaining access to capital,” mentioned City League’s CEO Ruben Anthony. “The aim of the hub is to create area to develop and nurture Black and different companies.”

For Tanisha Harbert, this new alternative means an opportunity at increasing her salon and wonder college enterprise.

“I’ve been doing hair since I used to be a child,” she mentioned. “Typically we suppress the issues we wish to do as a result of they’re so huge.”

Harbert is the founding father of Madison’s first Black-owned magnificence college, Chanell Ardor Faculties of Magnificence and Tradition. Her four-year previous enterprise’s constructing was lately bought and Harbert is unable to resume her lease past 2022. Having The Hub as an choice to relocate to not solely offers her some hope for persevering with her enterprise however a possibility to achieve entry to sources and help.

“I solely have one location however I take into consideration the place I wish to go,” Habert mentioned. “I do know that I wish to have a number of places in the USA.”

The Hub will provide loans, grants and culturally competent technical help to not less than 40 begin ups and firms owned by folks of shade.

“I’m thrilled for us to have the ability to take part on this to have the ability to have your again and supply these sources,” mentioned WEDC secretary and CEO Missy Hughes. “That’s the place the state must be with a purpose to assist our Black neighborhood, with a purpose to assist our complete neighborhood.”

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