SD Basis Grants $500,000 To Set up City Enterprise Useful resource Heart

Small enterprise proprietor. Picture courtesy Small Enterprise Administration

The San Diego Basis introduced Wednesday that it awarded a $300,000 grant from its Black Neighborhood Funding Fund and $200,000 grant from the Board of Governors to the Central San Diego Black Chamber of Commerce to begin the City Enterprise Useful resource Heart.

In complete, $1 million has been raised to assist the middle and financial fairness for Black entrepreneurs in San Diego.

“Even earlier than the pandemic, Black-owned companies skilled disproportionate denials from monetary establishments and entry to assets and instruments to construct sustainable companies,” mentioned Donna DeBerry, president and CEO of the Central San Diego Black Chamber of Commerce. “We collected knowledge and insights from native Black entrepreneurs relating to their wants to begin up, reopen, rebuild and thrive.

“The outcomes of this knowledge offered the chamber a chance to create a mannequin revolutionary program known as the City Enterprise Useful resource Heart, devoted to develop, assist, maintain and scale companies in any respect totally different ranges,” DeBerry mentioned.

The middle is meant to supply a collaborative hub for Black-owned companies and Black entrepreneurs by way of an intensive assist community, instructional workshops and different assets. The middle will even host common workplace hours and different actions that may improve Black entrepreneurs’ entry to instruments to develop their companies, from mentorship to entry to capital.

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