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Minority Finance Forum: Growth Financing for Middle Market MBEs

Blogged By: 
Joshua Gutstein, Chicago MBDA Business Center
Created on November 5, 2015
 

Conference AttendeesSince the first Minority Finance Forum (MFF) a year ago, MBDA Business Centers have been building the only pipeline of its kind, mid-market minority-owned businesses looking for growth financing.  After a year of monthly calls where Business Centers discussed challenges and opportunities related to access to capital, the second annual MFF at the Chicago Association for Corporate Growth (ACG) 2015 Midwest Capital Connections was held October 19, 2015.  MFF featured panel discussions and extensive networking at the Untitled Supper Club in Chicago, Illinois, with the connection event the next day at Navy Pier presenting over 200 investment bankers, private equity, and other capital sources looking to make deals with businesses and amongst themselves.

SEC Adopts Rules to Permit Crowdfunding

Blogged By: 
SEC News
Created on November 5, 2015
 

Crowdfunding Word CloudThe Securities and Exchange Commission today adopted final rules to permit companies to offer and sell securities through crowdfunding.  The Commission also voted to propose amendments to existing Securities Act rules to facilitate intrastate and regional securities offerings.  The new rules and proposed amendments are designed to assist smaller companies with capital formation and provide investors with additional protections.

Crowdfunding is an evolving method of raising capital that has been used to raise funds through the Internet for a variety of projects.  Title III of the JOBS Act created a federal exemption under the securities laws so that this type of funding method can be used to offer and sell securities.  

Powerful Connections: Collaboration with an MBDA Business Center!

Blogged By: 
Martin Ezemma, MBDA Business Development Specialist
Created on November 4, 2015
 

Federal Gateway - MBDA BoothDuring my time in the booth at the 2015 Minority Enterprise Development (MED) Week celebration, a colleague excitedly announced that a minority business owner was interested in signing an engagement contract with one of our Business Centers. I quickly arranged the table so that Kareem Cook, COO and Chief Marketing Officer for Naturade and the Miami Minority Business Development Agency (MBDA) Business Center Consultant, Jorge Iglesias could meet because I saw the enthusiasm on both of their faces. I joined the meeting to learn more about the opportunity that the client was bringing to our MBDA Business Center and how we could be of service.

Weeminuche Construction Authority Recognized as Minority Construction Firm of the Year

Blogged By: 
Jean-Robert Baguidy, Team Lead Capital Access
Created on November 4, 2015
 

Weeminuche Construction Authority (WCA) as Minority Construction Firm of the Year

This year's National Minority Enterprise Development (MED) Week awards ceremony recognized Weeminuche Construction Authority (WCA) as Minority Construction Firm of the Year.  The company was formed in 1985 by the Tribal Council of the Ute Mountain Ute Indian Tribe, to create a Tribal-owned business enterprise that would offer employment and increase income for the Tribe. WCA is wholly owned by the Tribe and has functioned as a successful construction company under the same name since its inception.

Boots to Business Reboot to Expand its Offering to More Veterans

Blogged By: 
MBDA
Created on November 4, 2015
 

VeteransDuring the third annual celebration of National Veterans Small Business Week Nov. 2-6, the Small Business Administration will host 30 Boots to Business: Reboot entrepreneurship training events nationwide.

This coming year, the SBA will be able to present more than 100 Boots to Business: Reboot entrepreneurial training workshops.  The other big news is that for the first time, the program will be available to military veterans of all eras. This also includes service members (including members of the National Guard and reserve members) and their spouses.

The Boots to Business: Reboot curriculum will introduce veterans to the fundamentals of business ownership, including evaluating business concepts and developing a business plan. Course participants will be introduced to their local SBA resource partners, consisting of Veterans Business Outreach Centers, Women’s Business Centers, Small Business Development Centers and SCORE.

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