Small Businesses Have a ‘Unique’ Opportunity for Business Growth and Development

By Paula Anderson

Small businesses in Tennessee will have an opportunity to scale and grow with the assistance of the Minority Business Development Agency.

Writing by Design Media, Inc. interviewed Jozelle Booker, president and CEO of MMBC Continuum about the latest funding initiative.

She shared the opportunity that socially and disadvantaged businesses will have with the MBDA Capital Readiness program.

MMBC Continuum also operates the Tennessee MBDA office through a five-year grant award. The office is located in Memphis, Tenn.

“The U.S. Treasury gave the state of Tennessee $100 million to help small business owners. Each state received a specific allotment from the Treasury,” said Booker.

The funding was allocated under the State Small Business Credit Initiative (SSBCI) as part of the American Rescue Plan Act of 2021.

“The latest investment is $93.5 million for…

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