September 8th 2023.
The Millionaire Mastermind Academy, a nonprofit organization that works to address the barriers to economic mobility for systemically underserved Black entrepreneurs, recently announced an exciting venture. The organization will give out $30,000 in grants to small minority-owned businesses in Arizona. This is facilitated through a partnership with Elevate Together powered by Round It Up America, an organization dedicated to closing the racial wealth gap through supplier diversity.
Founder and CEO of the Millionaire Mastermind Academy Dr. Velma Trayham expressed her enthusiasm for the venture. “We are thrilled to partner with Elevate Together to offer grants to business owners within the Impact AZ Program. We are excited to provide assistance to businesses that are working to close the racial wealth gap.”
The Millionaire Mastermind Academy and Elevate Together have the corporate backing of The ODP Corporation—the parent company of Office Depot, ODP Business Solutions, Veyer, and Varis—which invested in the initiative from the start. Community Investment Manager for The ODP Corporation Sharu Goodwyn spoke of the venture: “We’re excited to collaborate with the Millionaire Mastermind Academy to provide cash grants and certified small business mentors to help them elevate their business. With the support of our associates, customers, community partners, and other like-minded businesses, we look forward to fostering additional opportunities for Black- and Hispanic-owned small business owners to innovate, grow, and prosper.”
The Millionaire Mastermind Academy has been a longtime collaborator with the National Urban League’s Entrepreneurship Centers and the United States Hispanic Chamber of Commerce. To date, the organization has supported 8,000 women through technical assistance and economic empowerment programs. They have also had a committed focus on empowering minority entrepreneurs with professional networks and tools for sustained growth.
This grant initiative is an excellent way to provide much-needed assistance to minority-owned small businesses in Arizona. It is a step in the right direction towards erasing the racial wealth gap and providing economic mobility to underserved Black entrepreneurs.
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