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Business & Innovation

HYFIN & Operation HOPE Unite to Boost Milwaukee Black Businesses

todayJune 26, 2024

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HYFIN & Operation HOPE Unite to Boost Milwaukee Black Businesses
Photo from HYFIN’s Inaugural E-Commerce Summit for Black Entrepreneurs

HYFIN, a Milwaukee-based media platform, has announced a new partnership with Operation HOPE to support One Million Black Businesses Initiative (1MBB). This collaboration aims to establish 100 new Black-owned businesses in Milwaukee by 2030.

As the first Wisconsin partner for 1MBB, HYFIN plans to offer support through various programs, including an E-Commerce Summit and the ‘Blackity Black Holiday Market.’ These initiatives are designed to provide aspiring entrepreneurs with access to necessary resources and capital.

The partnership focuses on delivering personalized coaching and Entrepreneurship Training Programs (ETP). Certified financial coaches will conduct webinars and workshops covering important topics like credit management and financial literacy. Participants will also have access to accounting, legal services, e-commerce, technology, and marketing experts.

The 1MBB program offers several key benefits to participants:

  1. Free entrepreneurship training
  2. One-on-one business coaching
  3. Access to capital and funding opportunities
  4. Resources for credit and money management
  5. Assistance with business plan development
  6. Marketing and branding support

Individuals interested in joining the program can use the referral code “HYFIN” when signing up. This code ensures participants are connected to the HYFIN-specific resources and support network.

Tarik Moody, HYFIN Creative Director, stated, “Our partnership with Operation HOPE‘s One Million Black Businesses Initiative is a significant step towards realizing our vision of empowering Black entrepreneurs. We aim to foster an environment where Black-owned businesses can thrive and contribute to economic growth.”

John Hope Bryant, Founder and CEO of Operation HOPE, emphasized the initiative’s importance, noting, “1MBB will be impactful in Milwaukee. Through this collaboration with HYFIN, we can help create opportunities for building stronger communities and supporting more entrepreneurs.”

The 1MBB initiative, launched in October 2020 with Shopify as its founding partner, aims to address barriers to Black entrepreneurship. It provides tools, resources, and educational opportunities to help aspiring business owners start and grow their enterprises. The program focuses on various industries, including but not limited to apparel, consumer goods, education, and health services, reflecting the diversity of Milwaukee’s Black business community.

This partnership represents a concerted effort to support and develop Black-owned businesses in Milwaukee, potentially leading to increased economic opportunities and growth within the community.

For more information about the 1MBB program or to sign up using the referral code “HYFIN,” interested parties can visit HOPE1mbb.org.

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Written by: HYFIN

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