Resource Overview is an overview of open applications for business and career development programs in the region. Want to tell us about a program or a new opportunity for entrepreneurs and technologists? Email us at [email protected]
Baltimore fintech Capital of Cerebro is in partnership with the Maryland Harbor Bank to provide $50 million for a dedicated loan program for minority-owned small businesses in the Baltimore area.
Using Cerebro’s digital loan-matching platform, Harbor Bank is looking to provide loans of up to $2 million to small businesses that apply through the Cerebro Capital program. Eligible companies can expect term sheets within 24 business hours and other free benefits. The benefit of going through Cerebro is to streamline the process and get capital faster for minority entrepreneurs, who have traditionally been underserved by the commercial credit market.
“Partnering with Cerebro will allow us to leverage Cerebro’s technology and processes, which will make it easier and faster to deploy capital to the minority business community,” said Harbor Bank SVP and Chief Lending Officer. Stanley Arnold said in a statement.
Cerebro released a report last year that showed a recovery in commercial lending activity during the pandemic. This week’s loan announcement also comes on the heels of the company’s hiring of two new credit origination general managers.
GoDaddy Empower Program
come on daddy doing its part to help Baltimore’s microbusinesses: the new Empower the program is coming Baltimore Impact Center this month. Expect five cohorts throughout the year for these six-week in-person learning cohorts focused on web and digital presence.
Micro businesses are the people who sell trays of food on Instagram, ad commissions for art or hairstyling, and use a site to book dates – a scammer by any other name. In the Baltimore metro area, there were 192,000 micro businesses online in the summer of 2021.
The Empower program, apart from technical support and expertise from GoDaddy, offers a free GoDaddy domain to participants. You can register for the free launch event that will take place on the evening of February 17 at Impact Hub. Although the first Empower cohort is full, the second cohort is open for registration.
Baltimore Artist Browser
Baltimore artists trying to book venues, find experts in different disciplines, or secure grants to fund their projects now have the option Baltimore Artist Browser as a resource.
Powered by Social Change Nonprofit Baltimore Corps and designed by EcoMap Technologiesthe platform also offers free one-on-one consultations on available Baltimore resources, connections with organizational partners and other creatives.
28 days of black futures
Baltimore-based social change organization CLICKLY is launching a month-long campaign titled 28 days of black futures, highlighting black-led groups serving Greater Baltimore. Her goal is to raise $100,000 to support organizations that have historically been underfunded.
Whether you donate or not, the 28 Days Campaign is a chance to find 28 Black organizations working every day to change the lives and outcomes of Baltimore residents. You might even learn about a program or mission championed by local black leaders and social impact entrepreneurs that could either help or inspire your own journey.
Johns Hopkins University program Fast forward offers a wealth of resources for local entrepreneurs.
- the Funds Ignite for Student Entrepreneurs offers $500 to $1,000 to Hopkins students to advance businesses on an ongoing basis throughout the year.
- the Fast forward U The Summer Student Incubator is accepting admissions until March 1. Participants will receive free housing and a $1,250 grant for additional support.
- the Innovation & Entrepreneurship Challenge for Alumni and Students offers several awards in the range of $10,000 or more for companies that apply by the March 1 deadline.
- HopStart: Hopkins New Venture Challenge is looking for the best business plan. Student companies have the opportunity to win up to $5,000 in cash prizes.
Donte Kirby is a 2020-2022 corps member of Report for America, an initiative of The Groundtruth Project that pairs young journalists with local newsrooms. This position is supported by the Robert W. Deutsch Foundation. -30-