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Founders First CDC Launches $60,000 Job Creators Quest Grant Program

Founders First CDC Launches $60,000 Job Creators Quest Grant Program
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BLACK ENTERPRISE To Present Virtual Summit Focused On Energizing A New Entrepreneurship Movement Driven By The Push For Economic Equity, May 6

BLACK ENTERPRISE To Present Virtual Summit Focused On Energizing A New Entrepreneurship Movement Driven By The Push For Economic Equity, May 6 The Black Enterprise Small Business Summit will deliver tools, strategies, and resources for entrepreneurs, startup founders, and established business owners seeking to maximize the profitability of their ventures News provided by Share this article NEW YORK, May 3, 2021 /PRNewswire/   BLACK ENTERPRISE will present its first Small Business Summit, hosted by May 6, as the latest in the company s series of Diversity Equity & Inclusion Summits. The Small Business Summit is designed to energize an entrepreneurial movement emerging from the demand for equity triggered by the twin pandemics of COVID-19 and racial injustice brought to the forefront of global awareness by the murder of George Floyd.

How America can support Black-owned businesses and build Black wealth

This story is available exclusively to Insider subscribers. Become an Insider and start reading now. Building Black wealth is crucial to solving racial inequality. Entrepreneurship can be a powerful tool in achieving that. Programs in four cities demonstrate how local initiatives can make all the difference. Fashion photographer Nikki Gomez was born and raised in New York City. But in November, on a tip from a friend, she joined Tulsa Remote, a one-year program that gives eligible workers a $10,000 grant if they relocate to Tulsa, Oklahoma. I was like, why not? Gomez said. I m sure I can make a living in Tulsa doing what I do.  

Overcoming Funding Barriers

Founders First Capital Partners co-founder and CEO Kim Folsom knows the challenges of growing a company. Folsom’s interest in entrepreneurship was sparked by her father, a Navy officer who wanted to start a company after his retirement. Folsom is a high-tech serial entrepreneur who has been founding and growing innovative companies for more than 25 years. She has raised more than $30 million in venture capital, created over 500 premium wage jobs, and has founded or served as a key executive for multiple successful ventures. It took Folsom eight years to build her first startup, SeminarSource.com, a platform providing continuing education online to physicians. The first funding she brought into her company was traditional debt, which she was able to acquire because she had real estate assets. She closed her first round of venture capital funding after her company was profitable and generating more than $1 million in revenue.

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