What Are the Five Cs of Credit Assessment?

Access to capital is a challenge for many small business owners, and this is especially true for women and minorities. Typically, MWBEs have more difficulty getting loans from traditional lenders, and pay higher interest rates when they do. That’s why knowing what lenders look for and how they perform a credit assessment is especially important […]

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MWBE Participation Goals and the Capacity Gap

In the tri-state area, New York and New York City offer the most comprehensive programs for MWBEs. For example, certified minority and woman owned businesses have acess to training and other resources, bonding opportunities and a number of sponsored loans and grants. Further, the State of New York has the most aggressive MWBE participation goals […]

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Crowdfunding: A Viable Source of Capital for Women Entrepreneurs

Historically, access to capital is a greater challenge for woman and minority owned businesses than it is for businesses owned by non-minorities and/or males. Woman and minority business owners, for example, are less likely to qualify for traditional financing, and when they do, they receive smaller loans at higher interest rates. These challenges are particularly […]

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What Is the Florida Supplier Diversity Exchange?

Like many states in the U.S., Florida has established goals for the utilization of disadvantaged business enterprises in the state. Overseen by the Office of Supplier Diversity, the Florida  program seeks to increase participation by woman, minority and veteran owned businesses in government contracts through a certification process similar to that in New York. The […]

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Need Guidance? Apply for the NYS MWBE Mentor-Protege Program

Like all entrepreneurs, minority and women business owners can benefit from on-the-job training in their field. But finding a mentor who is willing and able to provide that kind of learning can be challenging, especially for MWBEs. That’s one reason why the State of New York established the Mentor-Protege Program, which connects qualified mentors who […]

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What Is the NY State Entrepreneurial Assistance Program?

The State of New York offers a wide array of programs to help women and minority owned business owners who wish to procure contracts with the state. Unfortunately for most start-ups, many of these programs are reserved for businesses that have a proven record of success — newly formed businesses or entrepreneurs typically don’t quality. […]

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MBDA Offering $11.65 Million to Benefit Minority-Owned Businesses

The U.S. Minority Business Development Agency (MBDA) has issued a call for proposals for projects that will have a positive impact on minority-owned businesses and the communities they serve. The Broad Agency Announcement issued June 12, 2018, promises up to $11.65 million in grant funding for projects across the United States.   The BAA is […]

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Diversity Still Low in STEM Careers

Since the early part of the 21st century, American institutions of higher learning have been working to increase the number or women and minorities educated in STEM (Science, Technology, Engineering and Mathematics) disciplines. America’s workforce is aging, and data shows that skilled workers in STEM fields are already in short supply. For example, about half […]

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What Is the DOT Women and Girls Initiative?

The U.S. Department of Transportation offers a number of programs to help disadvantaged business enterprises grow and thrive. Among them are programs for minority and women owned businesses, as well as businesses owned by the disabled and veterans. Additionally, since 2010 the DOT has maintained a Women and Girls Initiative that supports internships and educational […]

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