Gilbert Family Foundation announced that it will grant over $4 million to Black Leaders Detroit (BLD) and the Michigan Black Business Alliance (MBBA). The announcement made during Black Business Month detailed that the capital will be allocated towards several programs for Detroit business owners, including increasing access to capital, technical assistance, business coaching, and more. “These investments will ensure Detroit developers, entrepreneurs, and small businesses have the resources and opportunities needed to shape the future of our city and state,” Darnell Adams, Vice President of Detroit Community Initiatives, Gilbert Family
Stackwell and the Michigan Black Business Alliance (MBBA) released a report that examined how access to investment, education, and behavioral tools affects the financial outcomes of Black small business owners. The new report, titled “Building Personal Wealth: Empowering Black Small Business Owners Through Investing,” was published by the Financial Health Network. The report builds on findings from the 2024 Small Business Investing Program (SBIP), where eligible MBBA members received funded investment accounts through the Stackwell investing platform, along with educational resources. How barriers block wealth for Black entrepreneurs Small Black-business owners face significant
