Staying above the surface is difficult for any business, but when it comes to minority-owned businesses, many more challenges are added. African Americans, Asian Americans, Hispanics, and other minority groups have continued to start their own businesses adding diversity and liveliness into the community. Nonetheless, minority-owned businesses are still being pushed aside without receiving full exposure and access to resources for the opportunities out there today. According to a 2012 SBA survey, "29% of businesses are majority-owned by minorities, and this share is quickly increasing".
Today, I am here to share with you the 5 great resources out there specifically for minority-owned businesses that many of us don't know about.
5 Resources for Minority-Owned Businesses
Minority Business Development Agency (MBDA)
The MBDA is an agency of the U.S. Department of Commerce that promotes the growth of minority-owned business through the mobilization and advancement of public and private sector programs, policy, and research. Services such as access to business research, web seminars and access to new contract opportunities are included.
National Minority Business Council
The National Minority Business Council helps minority entrepreneurs specifically in the Tri-State New York area and other areas as well. The non profit organization provides educational programs, access to listing and directories, events, and much more.
Black Business Association
The Black Business Association is an organization headquartered in Los Angeles, California and is instrumental in the incubation and development of thousands of African-American businesses. The Black Business Association's mission is to advocate for and advance the development and growth of African-American owned businesses.
United States Hispanic Chamber of Commerce (USHCC)
The USHCC actively promotes the economic growth, development and interests of more than 4.37 million Hispanic-owned businesses that, combined, contribute over $700 billion to the American economy every year. Services include programs for Hispanic business owners, networking opportunities, and many other resources.
US Pan Asian American Chamber of Commerce Education Foundation (USPAACC)
The USPAACC was created to help foster the pan-Asian business community in the US. It is the most established and largest non-profit organization representing Pan Asian American and their related groups in business, sciences, the arts, sports, education, public and community services. The organizations offers services such as certification programs, educational services, and tons of resources for growth.