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B-Cubed program aids minority-owned businesses
A minority business assistance program in Harrisonburg and Rockingham County has helped 15 businesses and disbursed $21,700 in grant money in its first year of operation. With $200,000 in state and federal grant awards announced in October 2021, organizers of the Black- and Brown-Owned Business Growth Program, known as B-Cubed, hope to attract more business […]
Four community banks launch $1M minority business fund
The Bank of Clarke County announced Tuesday the launch of the Banking on Diversity initiative, a minority business funding program backed by Bank of Clarke County, BCT-Bank of Charles Town, The Fauquier Bank and First Bank. The four community banks have collectively committed up to $1 million in interest-free loans to help startup and existing […]
Del. Torian elected chair of Virginia Minority Business Commission
Del. Luke Torian has been elected chair of the newly organized Virginia Minority Business Commission at its inaugural meeting on Thursday. The commission was created by the 2020-2022 biennial state budget to promote growth and competitiveness of minority-owned businesses in Virginia and evaluate best practices to expand minority business ownership. “This commission’s objectives will be [&h[...]
Kaine introduces legislation to establish HBCU business centers
U.S. Sens. Tim Kaine (D-Virginia) and Roger Wicker (R-Mississippi) announced Tuesday they have introduced the Reaching America’s Rural Minority Businesses Act, which would establish up to 10 minority business centers at historically Black colleges and universities (HBCUs) to serve rural and underserved communities. The legislation would authorize the Minority Business Development Agency (MBD[...]
Va. Minority Business Commission starts Wednesday
With the initiation of a swath of bills passed during the most recent Virginia General Assembly session, the bill that creates the Minority Business Commission went into effective Wednesday, July 1. The Minority Business Commission will provide policy input and operational guidance to the General Assembly with a goal of addressing challenges facing minority business […]
