Capital Pathways is Coming to the Valley!

CONTACT: Krysta Jones                                                  

PHONE: 202-463-8722
EMAIL: krysta@usblackchambers.org
DATE: May 8, 2017

The Black Chamber of Arizona Brings Access to Capital Opportunities for Minority Small Business Owners

PHOENIX – On Saturday, May 20, 2017, the USBC Community Economic Development Corporation (USBC CEDC) in partnership with the US Black Chambers, Inc., and the Black Chamber of Arizona (BCAZ), will hold Capital Pathways, a free workshop for minority businesses that showcases growth strategies to expand their enterprises. Business owners will learn ways to leverage credit and financing options and will meet with experts who will guide them on the path to scale to the next level.

The workshop and business networking sessions will be held at the Edward Jones Training Facility, 8333 S River Parkway, Tempe, AZ. Online registration is now open at http://bit.ly/phoenixpathways. Doors open at 8:30 a.m. and the program runs from 9:30 a.m. until 1:00 p.m. Lunch will be provided for attendees.

The Capital Pathways-Phoenix workshop is designed for diverse business owners with at least $100,000 and more in annual revenue and infuses local partnerships, highlights home-grown founders and CEOs, and promotes inter-generational connections for collective economic growth and empowerment. Participants will learn how to effectively fund and expand their business ventures, and become a part of a network of the nation’s most established entrepreneurs. Presenters include representatives from the National Foundation of Credit Counseling, Small Business Administration and SCORE.

“There are 2.6 million black-owned businesses and their number one concern is access to capital,” said Ron Busby, Sr., President and CEO of the U.S. Black Chambers, Inc. “Since 2009, the U.S. Black Chambers, Inc. has led the way to ensure that our small businesses are in the best position possible to succeed. With Capital Pathways, we are helping Arizona’s small businesses grow and scale to build a stronger economy and more productive communities.”

“The Black Chamber of Arizona is focused on providing substantive programs to our membership and the community,” said Marchelle Franklin, BCAZ Board Chair. “We are excited to work with the USBC to introduce Capital Pathways to the valley. As the program is free to all, we hope our small businesses take advantage of this tremendous opportunity.”

About Capital Pathways: The Capital Pathways program is a series of 10 workshops across the nation funded by the U.S. Department of Commerce Minority Business Development Agency’s Broad Agency Announcement, and managed by the U.S. Black Chambers, Inc. Community Economic Development Corporation. The USBC CEDC designs, develops and delivers financial education and business improvement programs to underserved communities nationwide. For more information on the Capital Pathways program, please visit www.capitalpathways.com.

About the Black Chamber of Arizona: The Mission of the Black Chamber of Arizona (BCAZ) is to improve the economic development of our business entrepreneurs and the communities we serve. The BCAZ serves as the cornerstone for educational training, resource programs, resources and economic growth opportunities with a specific emphasis on “Business In Action.”

 

Business Supporter and Advocate Maggie Anderson Headlines Women’s Business Conference

wocbc-flyer_2016Author Maggie Anderson documented her family’s decision to support only Black-owned businesses for a year in “Our Black Year.” On Oct. 15, Anderson will share her experience and the journey that followed at the 2nd annual Women of Color Business Collaborative (WOCBC) Conference at A.T. Still University in Mesa.

Anderson and her family made history and dominated headlines with their choice to live exclusively off businesses, professionals, and products from the Black community for an entire year. This pioneering case study in self-help economics was called
The Empowerment Experiment and led to a landmark study conducted by Northwestern University’s Kellogg School of Business. Anderson’s stand proved how incremental support of Black businesses and professionals can rescue the community and improve the American economy as a whole. Anderson will share her story during the luncheon keynote address at the WOCBC Conference.

The WOCBC creates and fosters strong cooperative business relationships among women of color in Arizona. This is achieved by providing professional development, peer networking and business opportunities to current and future entrepreneurs. The vision of the annual WOCBC Conference is to help women of color throughout Arizona collaborate to take their businesses to new levels of success.

“What makes our conference unique is that it is specifically designed for women of color,” said Kerwin Brown, President and CEO of the Black Chamber of Arizona. “While women-owned businesses are growing at an extraordinary rate, there are still obstacles and challenges that this segment of business leaders face.”

In the United States, there are 9.4 million businesses owned by women with 3.1 million of those businesses owned by women of color. Those businesses generate $228 million each year. While Arizona’s numbers mirror national statistics, there is a disparity in opportunities for women of color.

“During the conference, participants not only have the chance to find resources and garner information, but they have the chance to build meaningful relationships with like-minded women,” said Brown. “It is more than a network, it is a sisterhood.”

Participants will select a conference track when they register. Track A is for women who are considering starting a business or have been in business less than five years. Track B is for women who have business for five or more years. The presentations are tailored for the specific tracks.

Workshops will provide information on establishing a strong business foundation, social media marketing, personal branding, how to master negotiations, communication trends for businesses, wellness for entrepreneurs and more.

Registration for the Conference is $100 for BCAZ members, $150 for general participants and $50 for students. To register, or for more information, visit www.blackchamberaz.com.