Survey Results: Supporting Detroit Minority Businesses Through Access to Capital

The Federal Reserve Bank of Chicago has been conducting a survey of small and micro minority businesses in Detroit to highlight their experiences with access to capital and financing both before and during the pandemic. In a webinar, a panel of experts gathered to share preliminary findings and examine how these small and micro businesses fared during the pandemic and their near-term outlook.

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An Invitation to People Serious About Equity: Founder and CEO of Black Leaders Detroit, Dwan Dandridge, Reflects on the Ride for Equity and Mackinac Policy Conference

Less than one month ago, Sept. 12-18, Dwan Dandridge, founder and chief executive officer of Black Leaders Detroit, rode his bike from Marygrove College in Detroit to Mackinac City. In an interview with the Detroit Regional Chamber, Dandridge shared that the Ride for Equity was originally supposed to launch from one of the two Black-owned marinas in Detroit and continue for 52 miles across the city.

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All You Need to Know About Becoming a Diverse-Owned Certified Business in Michigan

Diverse-owned business certifications help businesses that are owned by groups historically left out of the supply chain gain access to more opportunities and grow. The goal of these certifications is to create equity in the business community, so Black-owned, veteran-owned, and other minority-owned businesses have just as good of a chance to succeed and grow as majority-owned businesses. This reason is why getting certified as a diverse-owned business is one of the most important things a business owner can do.

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