In partnership, the African American Chamber of Commerce and Florida Technical College have launched a full scholarship program for a deserving black entrepreneur in Florida. This initiative aims to promote successful black-owned businesses in the area by providing resources and support that might not otherwise be available. The scholarship opportunity represents the second time the two organizations have come together to provide a scholarship for black entrepreneurs in Florida, demonstrating their commitment to addressing disparities in black business ownership.
Florida Technical College became a trustee of the African American Chamber of Commerce in 2020, solidifying their commitment to supporting black-owned businesses. The first recipient of the scholarship, Eddie Duran, will graduate with honors in 2024. He launched ArtCycle Kids, a program that utilizes cycling to teach children about teamwork. Tanisha Nunn-Gary, President of the African American Chamber of Commerce, emphasized the importance of organizations like Florida Technical College offering support to black-owned businesses. This support provides resources that might not otherwise be available and helps to address the disparities in black business ownership.
Nationally, black-owned businesses make up only 3% of total firms, despite blacks representing 12.4% of the adult population. This demonstrates a significant disparity between the black population and the number of black business owners. The full-tuition scholarship, valued at up to $61,178, is intended for someone who aspires to establish a new business in the community. The goal is to provide support and tools for individuals entering the business world, allowing them to succeed and overcome barriers they may face due to their race or ethnicity.
The deadline for the scholarship application is February 12, 2024, and the announcement of the recipient will take place on February 22 at