More growth-oriented Black-owned firms means more innovation, more jobs and significantly more wealth creation for Black people, impacting communities as a whole. However, the number of Black-owned firms is disproportionately low at nearly every stage of development. This Black entrepreneurship gap is due to systems that result in a lack of access, exposure, networks, funding and resources.
The North Carolina Black Entrepreneurship Council (NC BEC) will lead NC IDEA in its programmatic and grant making ambitions to address the challenges of Black entrepreneurship in North Carolina. The Council will work closely with the Foundation to identify, recommend and support partners, grant recipients and programs to serve the entrepreneurial aspirations and economic potential of North Carolina’s Black community.