Rhode Island “prioritizes racial and ethnic diversity in business” with $3M awards availability
The Rhode Island Commerce Corporation has launched a Request for Proposals (RFP) for the Rhode Island Minority Business Accelerator Program’s Intermediary-Based Initiative that will provide approximately $3M in awards to intermediaries to administer programs to support the growth of minority business enterprises (MBEs). “Rhode Island continues to prioritize racial and ethnic diversity in Business by launching this great initiative,” said Governor McKee . “It provides much-needed cash flow that will allow women- and minority-owned Business es to grow, contributing even more to Rhode Island’s already strong economy.” Funded in the Fiscal Year 2023 Budget, the Minority Business Accelerator Program is a collection of initiatives aimed at enhancing the growth of minority business enterprises in Rhode Island. “Providing equitable access to capital and support services for all businesses, especially Rhode Island’s minority business enterprises, is critical,” said...