News to Know!: Her program has helped to scale over 400 mid-sized Black and Brown businesses to grow
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Two-time Emmy and Three-time NAACP Image Award-winning, television Executive Producer Rushion McDonald interviewed Dr. Tiffany Bussey. Director of the Morehouse Innovation and Entrepreneurship Center (MIEC). Here are some key highlights and themes from the conversation: 🔑 Key Themes & Takeaways 1. Empowering Black and Brown Entrepreneurs MIEC focuses on helping scalable, mid-sized Black and Brown businesses grow. Over 400 businesses have been supported, resulting in: 850+ new jobs $34M+ in new capital $82M+ in new revenue 2. The “Three C’s” of the Small Business Executive Program Capital: Access to funding. Connections: Building meaningful relationships with decision-makers. Contracts: Securing business opportunities with large firms. 3. Breaking Stereotypes Dr. Bussey emphasizes the need to challenge the narrative that Black communities lack skilled labor or entrepreneurial drive. Entrepreneurship is described as being “in our DNA,” rooted in resilience and survival. 4. Strategic Partnerships MIEC collaborates with major corporations (e.g., JPMorgan Chase, Wells Fargo) to fund training programs. Partnerships with organizations like Goodwill provide free job training and even stipends for participants. 5. Sustainability as a Business Opportunity Dr. Bussey highlights the massive potential in sustainability sectors: EV Infrastructure: $163B industry Green Building: $324B Agriculture: $20B Renewable Energy: $952B Encourages entrepreneurs to think beyond traditional business models and tap into these emerging markets. 6. Access to Opportunity Beyond capital, access to opportunity is a major barrier. MIEC connects small businesses with large “primes” (e.g., general contractors) to help them enter supply chains. 7. Mindset Shift Dr. Bussey discusses the psychological and historical barriers that prevent some from pursuing entrepreneurship. Emphasizes the importance of resilience, preparedness, and community support. #SHMS #STRAW #BESTSee omnystudio.com/listener for privacy information.