You could say that every week is Small Business Week at Opportunity Fund. Every day, we work with inspiring entrepreneurs who have worked hard to build businesses that support themselves and their families. This week is national Small Business Week, and we use this time for a special celebration of all the hard-working small business owners, who support their families, hold up our economy, enrich our communities—and inspire us to do the work that we do!
Daddy’s Soul Food and Grille is located in Milwaukee’s west side on a busy urban street scattered with vacant store fronts. Open since the fall of 2014, Daddy’s has become a neighborhood destination as evidenced by its long lines during prime times.
In Maine, the Northern Maine Development Commission (NMDC) received notification on April 10 that they were officially designated as a CDFI. “The ability to provide financial assistance to small businesses is an element in NMDC’s mission to expand and support economic development
Advocating on behalf of the CDFI industry with your local policymakers is not just about showing how critical our work is to their community through Hill visits, it is also about building on their awareness when they are home and in the communities you serve.
The power and promise of Latino entrepreneurs and small businesses in low- to moderate-income, or LMI, communities are undeniable. Study after study shows their immense size and potential. Just consider this stat: There are more than 4 million Latino-owned businesses in the U.S., and together they generate $660 billion in revenues. However, another study points out that this subset is growing at a slower pace compared to their non-Latino counterparts, resulting in a $1.3 trillion revenue gap.