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Wisconsin–Prospective occupants of a planned business hub for minority-owned businesses on Madison’s South Side could get help to sustain and scale up their operations from the hub’s capital fund — a fund that itself scaled up with state support Friday.
The Urban League of Greater Madison is receiving a $400,000 grant from the Wisconsin Economic Development Corp. for a fund that will provide loans, grants and technical assistance to startups and existing businesses considering moving into the South Madison Black Business Hub. “The purpose of the hub will create a space to grow and nurture Black and other businesses,” Urban League of Greater Madison president and CEO Ruben Anthony said at a news conference Friday. “It’s critical when you have a hub coming up to have an accelerator and grant and loan program.”
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