The space will provide financial and mentorship resources for its participating businesses.
A new Black Business Hub has officially opened in Madison, Wisconsin. The establishment will encourage community members to support its local Black entrepreneurs.
The hub will offer financial and mentorship services for the diverse business owners, while hoping the space scales their businesses. Black and other owners of color can take part in the new establishment, expanding their reach through community support.
Anthony added, “We think this is going to be an economic development project that’s going to give to this community for multiple generations to come. I’m excited about the possibilities. I’m excited that we’re at this moment.”
The Wisconsin State Journal detailed how the hub came into fruition raising $25.5 million for the project. Taking two years to construct, it also includes event spaces, classrooms, and a large kitchen space for the entrepreneur to try and grow their skills.
The hub also made sure to pay tribute to those that came before, featuring a wall honoring Tusla, Oklahoma’s Greenwood district. The famed district hosted its own “Black Wall Street” until a 1921 massacre by a white mob destroyed most of the area.
To remedy the past, emerging businesses, from Madison’s first Black-owned beauty school to a podcasting studio, now call the hub their home, and the place where their dreams are just getting started.
Source: Black Enterprise
