Fields, who took the top position at Madrap at the beginning of the year, learned about the Black Entrepreneur Initiative in the fall of 2020 and soon became its “Wisconsin Ambassador.” He started the Black Entrepreneur Initiative for the Bucks months before starting his first day at work.
“The Milwaukee Bucks said, ‘We want to make sure it works. We don’t want to do something small,'” Fields said. The team said it wants to sponsor businesses, per sign-off to The Lonely Entrepreneur. Up pays about $1,200.
“The (The Lonely Entrepreneurs) entrepreneurial platform is a great resource for aspiring business owners, and we look forward to expanding it to as many black entrepreneurs as possible,” said Arvind Gopalaratnam, Vice President of Corporate Social Responsibility.
The pandemic has underscored the need for such work, with Fields saying in a press release, “While many businesses continue to struggle due to COVID-19, an astonishing 41 percent of black-owned businesses are put out of business.” was given.” This, he said, comes on top of systemic inequalities that have “created a staggering wealth gap for black Americans.”
Madrap has not set a target number of entrepreneurs it hopes to reach with the project, but Fields said the initiative will help the organization connect with more local businesses that will then take advantage of Madrape’s technical support services. can pick up. Last year, the organization helped 25 startups with pitch presentations and other forms of mentorship.