About The 10,000 Black Business Program
The Minnesota Black Chamber of Commerce (MBCC) is committed to encouraging entrepreneurship by supporting and investing in Black business owners. Our commitment has led us to create the 10,000 Black Business program (10K BBP) as a transformative business accelerator designed to empower and support Black-owned small businesses in Minnesota. MBCC is committed to providing a supportive and intentional experience in the areas of business development, entrepreneur training, technical assistance, and networking opportunities.
Our program focuses on three business development phases:
- Launch: Small business owners who are in the early stages of business seeking assistance in the areas of business management, marketing and branding, legal, and accounting services.
- Grow: Small business owners who are seeking to grow in areas of sales, marketing, client acquisition strategies, and operations.
- Scale: Small business owners who are established, making monthly recurring profit and are seeking to grow in areas of sales, product-market fit, hiring, and revenue growth strategies.
Services made available through this program include:
- Business establishment assistance
- Technical Assistance and Training
- Business coaching and mentorship
- Business expansion or start-up grants
Eligibility:
Each business that applies for the program will be reviewed by a grant selection committee consisting of MBCC staff and MBCC board members. This committee will ensure applications meet eligibility criteria and pass the business verification review (grow and scale cohorts). General eligibility criteria include:
- Must be a Black owned business (51% or more)
- Have gross revenue of $1M or less
- Must be headquartered in Minnesota
- Must be a premium member of the Minnesota Black Chamber of Commerce (basic and nonmembers may apply, however, preference is given to MBCC premium members).
- Individuals who own multiple businesses may only submit an application for one business.
The Minnesota Black Chamber of Commerce is committed to serving Black-owned businesses and their communities through access to education, advocacy and economic development.
Contact Information
401 Robert Street North #150
St Paul, MN 55101