MicroGrants, a non-profit organization that awards weekly grants to small businesses and entrepreneurs held an information session at the conference room of 1st Cup Cafe in South Minneapolis with immigrant small business owners to educate them on business strategies and some other funding methods to improve and expand their businesses.
According to the founder and Executive Director of MicroGrants, Joe Selvaggio, the organization seeks to “connect people of affluence and those of low-income by providing a monetary grant to low-income individuals of potential in helping them become self-sufficient”. Joe also noted that while these low-income individuals may have a need for these financial help, they must be able to show proof of potential to succeed and expand in such a business venture they embark on.
Adding to what Joe had said, Martin Mohamed from the African Chamber of Commerce said such largess can see individuals, especially upcoming African immigrant entrepreneurs move from poverty to middle and even upper class status. “Such grants provided by MicroGrants is really needed by our community if we want to live that American dream that made us come to this country.” said Mohamed.
Reacting to the essence of the information session, Felicia Ravelomanantsoa of M&I Bank stated that such an information session was vital, not just because of it’s focus on grants, but also in educating individuals, especially new immigrants who want to invest or start up their own businesses.
The Twin Cities have witnessed a rise in the number of immigrant businesses, some, thanks to the MicroGrant initiative which through its weekly grants, has been able to help these businesses expand. This was evident in the success stories told by entrepreneurs and small business owners who had received grants from MicroGrants.
To show his commitment to promoting individuals with great potential, Joe Selvaggio offered a grant of $1000 on behalf of his organization to 1st Cup Cafe for its management to equip its conference room.
To donate to MicroGrants, or to find out how you can benefit from its numerous grant programs, visit www.microgrants.net or e-mail Joe at firstname.lastname@example.org. Tel: 612 823 2077. You can also contact Martin Mohamed of The African Chamber of Commerce at (651)233-7001