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Essence magazine names Cincinnati as top destination for black entreprenuers

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Youth Entrepreneurs: Teaching students about business, with a local focus

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The phrase “youth entrepreneurs” often brings to mind technologically savvy young people in hoodies looking for investors for their app or startup. But the organization Youth Entrepreneurs is changing that perception, and bringing it from Silicon Valley just a little closer to home.

“We are really helping students look internally, helping them develop their innate skills, so that they can build upon those passions and contribute to society. So it’s a little bit different of a definition,” said Kylie Stupka, president of Youth Entrepreneurs. “We’re trying to help them determine where it is they see their unique fit in life and how it is they can use entrepreneurial thinking to solve problems. So we like to define entrepreneurship is solving problems for profit, and we’re doing that through and with students, traditionally in the high school and middle school education space.”

The program promotes entrepreneurial values, like responsibility, principles and sound judgement, among others, while educating students about economic and sociological concepts that can help them become more productive members of their communities. These can range from ideas like opportunity costs to theories of human action.

“it’s not just your traditional ‘here’s how you start a business and here’s the practical skills and tools that you need to do so,’ although those are intertwined,” Stupka said. “It’s very much about the theory and the mindset and how it is you can approach any type of opportunity through this lens, whether it be just in decision making at home or decision making within whatever type of situation or institution you find yourself in at that moment.”

Read more @ WTOP

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Entrepreneurship

Wells Fargo donates additional $1 million for small business growth in Minnesota: Diverse Community Capital program funds will help remove barriers and put more small businesses on a path to financial success

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Wells Fargo announced another boost to Minnesota diverse small businesses recently with $1 million in grants from its Diverse Community Capital program, which offers capital and technical assistance to minority-owned small businesses through Community Development Financial Institutions (CDFIs). To date, the program has generated more than 103,000 jobs across the U.S.

“Small businesses are experiencing a time of rapid growth, but entrepreneurs are still struggling to reach their full potential,” said Jon R. Campbell, President of the Wells Fargo Foundation. “By working with CDFIs, we can fund efforts on the ground that remove barriers, expand highly personalized coaching and put more small businesses on a path to succeed, especially in underserved communities. Every community needs small businesses to create jobs and financial stability.”

As part of its new philanthropic strategy announced in June, Wells Fargo is focusing on three societal challenges: housing affordability, small business growth and financial health. Wells Fargo’s Diverse Community Capital (DCC) program is a critical component of the small business strategy and supports business owners who are African-American, Hispanic, American Indian/Pacific Islander, Asian-American, women, veterans, LGBTQ, people with disabilities, and other underrepresented groups.

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Three Traits of All Successful Entrepreneurs – Plus Awesome Business Training

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