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Morehouse’s Retail Business Program Still Struggles To Find Funding As It Hopes To Expand
- Morehouse College's retail business program struggles to find funding for expansion, potentially halting future classes.
- Latest graduates from the program learned essential business strategies, emphasizing networking with like-minded individuals.
- Program graduate Demond Crump, founder of Reign, stresses the importance of networking for success.
- New students can't be accepted without substantial financial support from philanthropic contributions.
- Research led to the program's creation to address funding barriers for Black businesses, particularly concerning loan approvals.
- While Black entrepreneurs face issues with financing, anti-DEI policies further hinder efforts to uplift diverse entrepreneurs.
- Initiatives to support Black businesses in retail are crucial due to the low representation in the sector.
- Morehouse College is actively seeking new funding sources to continue empowering entrepreneurs.
- The previous cohort received support from Access to Capital for Entrepreneurs, aiding in bridging the racial wealth gap.
- Partnerships and continued funding efforts are essential to sustain the program's impact on closing the wealth gap over time.
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