, a $10 billion COVID-era funding initiative enabled local nonprofits, community lending organizations, and certain financial services firms to offer grants, loans, and equity investments in businesses owned by women and people of color.
“A lot of Black business owners are starting to realize that there are a lot of resources available for them,” said Nya Murphy, a business consultant and the owner ofin Philadelphia. “Getting capital is critical, but relying on organizations and people who can help a Black business owner run and grow their business has become just as important.”
In addition to funds, business owners also need help procuring work, managing their cash, hiring good people, and running their businesses. In the Philadelphia area, there are organizations that can help.provides advocacy for Black-owned businesses in the Delaware Valley and Southeastern Pennsylvania. It also provides programs that pairs experienced professionals with new business owners as well as tool kits to help them market and expand their companies.