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    A Call for More Latino Carpenters and Millwrights at Hiring Combine

    A Call for More Latino Carpenters and Millwrights at Hiring Combine

    Your Guide to a Career in Green Building in Detroit

    Your Guide to a Career in Green Building in Detroit

    Artificial Intelligence And The Modern World

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    Southwest Celebrates Cinco de Mayo

    Home – El Central Hispanic News

    Cinco de Mayo Parade and Fiesta: Music of our Heritage

    Rising Delray Film Star Daron Colbert Featured at Freep Film Festival

    Rising Delray Film Star Daron Colbert Featured at Freep Film Festival

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    ‘Leguizamo Does America’ takes viewers on a road trip, Latino style

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    An Interview with ABC’s John Quiñones

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    Alianza FC Kicks Off Its Second Season Highlighting Local Talent

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    DSO Returns to Southwest Detroit for Musical Experience at St. Hedwig Catholic Church, May 24

    DSO Returns to Southwest Detroit for Musical Experience at St. Hedwig Catholic Church, May 24

    “Follow the Scent” to Roberto Patiño’s First Artist Exhibit at Mexicantown Bakery

    “Follow the Scent” to Roberto Patiño’s First Artist Exhibit at Mexicantown Bakery

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    Southwest Celebrates Cinco de Mayo

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    Home – El Central Hispanic News

    Cinco de Mayo Parade and Fiesta: Music of our Heritage

    Rising Delray Film Star Daron Colbert Featured at Freep Film Festival

    Rising Delray Film Star Daron Colbert Featured at Freep Film Festival

    ‘Leguizamo Does America’ takes viewers on a road trip, Latino style

    ‘Leguizamo Does America’ takes viewers on a road trip, Latino style

    Dalia Reyes: On Her New Role at The Scarab Club and Latinos Taking Up Space in the Art World

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EL CENTRAL Hispanic News
  • Home
  • About
    • Introducing the partnership with the Race and Justice reporting Initiative
  • Español
    A Call for More Latino Carpenters and Millwrights at Hiring Combine

    A Call for More Latino Carpenters and Millwrights at Hiring Combine

    DSO Returns to Southwest Detroit for Musical Experience at St. Hedwig Catholic Church, May 24

    DSO Returns to Southwest Detroit for Musical Experience at St. Hedwig Catholic Church, May 24

    Your Guide to a Career in Green Building in Detroit

    Your Guide to a Career in Green Building in Detroit

    Artificial Intelligence And The Modern World

    Southwest Celebrates Cinco de Mayo

    Southwest Celebrates Cinco de Mayo

    Home – El Central Hispanic News

    Cinco de Mayo Parade and Fiesta: Music of our Heritage

    What’s in Store for Metro Detroit Homebuyers in 2023

    What’s in Store for Metro Detroit Homebuyers in 2023

    Southwest Detroiters want a truck route ordinance now

    Southwest Detroiters want a truck route ordinance now

    ‘Leguizamo Does America’ takes viewers on a road trip, Latino style

    ‘Leguizamo Does America’ takes viewers on a road trip, Latino style

  • Community
    We Have a Winner for the Hour Detroit Pizza Bracket

    We Have a Winner for the Hour Detroit Pizza Bracket

    New Resource Helpline Launched to help Detroiters

    New Resource Helpline Launched to help Detroiters

    Congress of Communities Welcomes “Youth-Driven Community House” to Southwest Detroit

    Congress of Communities Welcomes “Youth-Driven Community House” to Southwest Detroit

    A Call for More Latino Carpenters and Millwrights at Hiring Combine

    A Call for More Latino Carpenters and Millwrights at Hiring Combine

    Pet Vaccination Clinic in Southwest Detroit

    Pet Vaccination Clinic in Southwest Detroit

    Your Guide to a Career in Green Building in Detroit

    Your Guide to a Career in Green Building in Detroit

    WSU Alumna and Employee Vanessa Reynolds Inspires Other Latinas to Academic Achievement

    WSU Alumna and Employee Vanessa Reynolds Inspires Other Latinas to Academic Achievement

    LA SED: Celebrating 58 Years of Community Service

    LA SED: Celebrating 58 Years of Community Service

    CHASS Expands Mammography Screening Services

    CHASS Expands Mammography Screening Services

  • Featured
    A Call for More Latino Carpenters and Millwrights at Hiring Combine

    A Call for More Latino Carpenters and Millwrights at Hiring Combine

    Your Guide to a Career in Green Building in Detroit

    Your Guide to a Career in Green Building in Detroit

    Artificial Intelligence And The Modern World

    Southwest Celebrates Cinco de Mayo

    Southwest Celebrates Cinco de Mayo

    Home – El Central Hispanic News

    Cinco de Mayo Parade and Fiesta: Music of our Heritage

    Rising Delray Film Star Daron Colbert Featured at Freep Film Festival

    Rising Delray Film Star Daron Colbert Featured at Freep Film Festival

    ‘Leguizamo Does America’ takes viewers on a road trip, Latino style

    ‘Leguizamo Does America’ takes viewers on a road trip, Latino style

    An Interview with ABC’s John Quiñones

    An Interview with ABC’s John Quiñones

    Alianza FC Kicks Off Its Second Season Highlighting Local Talent

    Alianza FC Kicks Off Its Second Season Highlighting Local Talent

  • Culture & Arts
    DSO Returns to Southwest Detroit for Musical Experience at St. Hedwig Catholic Church, May 24

    DSO Returns to Southwest Detroit for Musical Experience at St. Hedwig Catholic Church, May 24

    “Follow the Scent” to Roberto Patiño’s First Artist Exhibit at Mexicantown Bakery

    “Follow the Scent” to Roberto Patiño’s First Artist Exhibit at Mexicantown Bakery

    Fiesta Detroit: Celebrating Cinco de Mayo in Style

    Fiesta Detroit: Celebrating Cinco de Mayo in Style

    Southwest Celebrates Cinco de Mayo

    Southwest Celebrates Cinco de Mayo

    Southwest Detroit in the National Music Spotlight

    Mexican American Artist Sally Spinale Arredondo’s Collection on Display at CCS Student Exhibition

    Home – El Central Hispanic News

    Cinco de Mayo Parade and Fiesta: Music of our Heritage

    Rising Delray Film Star Daron Colbert Featured at Freep Film Festival

    Rising Delray Film Star Daron Colbert Featured at Freep Film Festival

    ‘Leguizamo Does America’ takes viewers on a road trip, Latino style

    ‘Leguizamo Does America’ takes viewers on a road trip, Latino style

    Dalia Reyes: On Her New Role at The Scarab Club and Latinos Taking Up Space in the Art World

    Dalia Reyes: On Her New Role at The Scarab Club and Latinos Taking Up Space in the Art World

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$10 Million Microloan Fund for Women, Veterans and Entrepreneurs of Color Launched

EL CENTRAL by EL CENTRAL
March 30, 2023
in Community
Reading Time: 2 mins read
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Lt. Governor Garlin Gilchrist II recently joined Michigan Women Forward (MWF), the Michigan Economic Development Corporation (MEDC), Huntington National Bank and the Ballmer Group to announce the launch of a new $10 million microbusiness loan program for women and entrepreneurs of color in Michigan.

The Michigan Economic Opportunity Fund will lend to individuals who don’t qualify for traditional loans through banks or other financial institutions, providing opportunities for those who are socially and economically disadvantaged due to a lack of access to capital and credit.

“Starting and growing a business takes grit, courage and tenacity – and here in Michigan, that runs deep in our DNA,” said Quentin L. Messer, Jr., MEDC CEO. “By taking a truly Team Michigan approach, this new fund will facilitate more risk-takers across the state in acquiring access to the capital and support they need to be successful and build a future right here in Michigan. Work remains to aid microbusinesses, but this is a significant and praiseworthy start.”

Entrepreneurs can apply for up to $50,000 in loans through this program. With the average loan managed by MWF at $25,000, the Michigan Economic Opportunity Fund will be able to assist approximately 400 entrepreneurs. Last year, the nonprofit organization provided 88 loans for $2.456 million invested in primarily women-owned businesses.

Women, veterans and entrepreneurs of color can apply for Michigan Economic Opportunity Fund loans by visiting www.miwf.org.

Tags: entrepeneursloansveteranswomen
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