This post was written by Main Street Launch’s Manager – Data & Online Content. The Runway Project is attempting to solve the deep infrastructural problem that African American entrepreneurs lack access to seed money for their businesses. There are many crowdfunding programs around the United States that are attempting to lend to all entrepreneurs.…
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At Main Street Launch our partnerships are a critically important way we support small businesses to get the resources they need to start and grow. We’re thrilled to share our growing relationship with Hack the Hood, a tech nonprofit that trains youth to build websites. The youth participants are paired with small business owners who…
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In 2004 Chef Ron’s Pastries started like many business: doing small orders here and there for family and friends. In 2015 brother and sister Ron and Rhonda Persons officially launched Chef Ron’s Pastries when an opportunity to work with the Golden State Warriors came to them. Since then, the business has been steadily growing, all…
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Even for local, neighborhood businesses, an online presence is critical for new customers to find you. More than 97% of customers use the internet to find local businesses. This number has been growing steadily since smartphones have become more available and mainstream. Positive reviews make 73% of customers trust a local business more than no…
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Community Development Financial Institutions (CDFIs) may have the flexibility to create new loan products to better serve their communities. Concessionary loan capital is one such type of new loan product. Concessionary loans are loans that offer more generous terms than market rate loans. These terms may be lower interest rates, a longer pay-back period,…
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