Black Business Hub gains WEDC support

The Wisconsin Economic Development Corp. (WEDC) has awarded the Urban League of Greater Madison a $400,000 Capital Catalyst grant to help the organization launch its Black Business Hub Accelerator Fund, according to a release from WEDC. The Black Business Hub Accelerator Fund, geared toward businesses considering whether to locate in the South Madison Black Business Hub, will offer loans, grants, and culturally competent technical assistance to at least 40 startups and existing companies owned by people of color. The planned Black Business Hub will be a four-story, 76,000-square-foot building located at the corner of Park Street and Hughes Place and will support people of color with on-site entrepreneur services.

Related story: WEDC, DWD, and Urban League to announce new grants