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A new report out this month assessing the region’s small business landscape found a major gap in the amount of funding needed versus what entrepreneurs can secure, with business owners of color hit hardest.
Published May 26, 2021 at 4:46 PM CDT Listen • 24:24 Miranda Munguia
From accounting and marketing insights to a professional photoshoot, the UMSL Diversity, Equity, & Inclusion Accelerator provided Eric Love (at left), Michelle Robinson (right) and their fellow inaugural cohort members with eight jampacked weeks’ worth of business resources and $50,000.
Early on in the COVID-19 pandemic, Eric Love found himself laid off from his corporate day job and worried. But Love also had a side business offering on-demand furniture assembly, and he and his cofounder Darren Williams decided it was time to try to go full throttle with it.
“[We’ve] just got to bet on ourselves,” Love remembers telling Williams last spring.