Billion-dollar initiative helping local Black and Hispanic business owners thrive

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Black-Owned Business Nachrichten

Chase Bank,Entrepreneur

Anchor and reporter at News 5 Cleveland

Getting a small business off the ground is no easy feat, and finding ways to keep it afloat can be even more challenging. However, there’s a local program that helps entrepreneurs in communities of color who find themselves facing financial roadblocks.Statistics show Black and Hispanic small business owners had less liquid wealth in 2022, with just 5% of Black Americans holding some business equity compared to 15% of white Americans.

It's probably the busiest I've been in the 30 years I've been in financial services,' Steplight said.Steplight is working alongside Johnson as she looks to take her business, JustDesigns, to new heights.'The first thing we worked on was her organization because she was at capacity. She's trying to do a whole lot with just one person,' said Steplight.

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