Minority Business Development Agency (MBDA) programs and the Economic Development Administration’s (EDA) Revolving Loan Fund (RLF) program are assisting to solve disparities faced by Minority Business Enterprises (MBEs). The RLF program of the EDA assists businesses by capitalizing on local investment programs that provide gap financing to businesses that may not be able to obtain traditional bank loans, while MBEs can contact a local MBDA Business Center for a variety of technical assistance, including access to capital, contracts, and markets. Gaby Long of Eureka, California, is one Black entrepreneur who has personally seen the benefits of these Department of Commerce initiatives. Long opened A Taste of Bim, a genuine Caribbean cafe in Eureka’s historic Old Town, in 2015.
Black Tech Pioneer Edward Chow, who overcame racism to build one of the largest data computing firms IN L.A. dies at 83
Edward Chow, an Army veteran and Black-owned tech founder who founded his company in Los Angeles in the 1960s, passed away at the age of 83. According to the Kansas