Application deadline near for Atlanta minority business development program

ATLANTA, Ga. (Atlanta News First) – There is a new $2 million program for minority business owners to help break barriers in Atlanta.

The Minority Business Development Agency Capital Readiness program will provide tools and mentorship from top-dog entrepreneurs that will take Black businesses to the next level.

Jennifer Barbosa is CEO of International Supply Partners, an Atlanta-based company that sources and supplies medical and industrial equipment.

She’s experienced the hurdles of being a Black small business owner firsthand.

“I’m in a white, male-dominated industry in the supply chain industry. Not only am I a woman in male-dominated industry, I’m a black woman,” she said.

A new program being rolled out by the Atlanta Black Chambers is working to break those barriers.

“This is what’s needed in our community to move our small business forward,” said Melvin Coleman, president of the Atlanta Black Chambers.

Coleman said the program was made possible by a grant awarded by the Minority Business Development Agency in partnership with the U.S. Black Chambers.

“Bookkeeping, finance, tax, accounting one of the critical needs for us is to have our financial house in order,” Coleman said.

The program is seeking the following:

  • Businesses in the IT, healthcare, professional services, technical consulting and agricultural sectors
  • Businesses with annual revenues between $50,000 to $250,000
  • In business for two or more years
  • Businesses that want to expand through financing, hiring, operations expansion or alliances

Those interested can apply by clicking here.

The funding will allow the Atlanta Black Chambers to offer the program over the next four years.

“This is what’s needed, and we talk about all the disparities in the racial wealth gap, all the different things that’s happening, what are we doing about this? This is an example of us doing the work that’s necessary,” said Coleman.

Barbosa has already applied. She said she has high hopes it will help her vision come to life

“To become more visible take advantage of opportunities that we might not be able to be aware of,” Barbosa said.

The deadline to apply for the first session is Saturday.

Coleman said there will be quarterly application periods.