b'Ayanna KhanFounder, President and Chief Executive Officer, Delaware Black Chamber of CommerceDelawares Black Business Community: The Delaware Black Chamber ofSupporting Midsized Black FirmsCommerces Ongoing Mission The DEBCC recognizes that the challenges faced by midsized Black firms differ fromthose of small businesses. These companies require more extensive support to The DEBCCs mission is clear and unwavering: to empower Black businesses, create maintain sustainable growth. To assist them, the DEBCC offers specialized programs opportunities for economic advancement, and bridge the gap in access to resourcessuch as our Minority Supplier Diversity Program, which is focused on access to that often hinder the growth of minority-owned businesses. Through advocacy,contracts, procurement opportunities, and management consulting. By helping education, and strategic partnerships, the DEBCC seeks to level the playing field formidsized Black firms expand their operations, the DEBCC contributes to the overall Black entrepreneurs in Delaware. economic vitality of Delaware.Barriers to Access to Capital In conclusion, the Delaware Black Chamber of Commerce, recognized by the Despite Delawares reputation as a business-friendly state, systemic barriers have National Black Chamber as 2023s Chamber of the Year, serves as a driving force persistently hindered Black entrepreneurs access to capital. Discriminatorybehind the empowerment of Black entrepreneurs and business owners in Delaware. lending practices, a lack of financial literacy, and limited networks often lead toBy tackling barriers to access to capital, supporting the growth of small and disparities in funding opportunities. The DEBCC recognizes these challenges and ismidsized Black firms, and advocating for economic equity, the DEBCC is paving the actively working to address them. The DEBCC partners with financial institutions,way for a brighter future, where all businesses have an equal opportunity to thrive governmental bodies, and philanthropic organizations to create financial literacyand contribute to the states prosperity. Delawares business community can rise programs, offer mentorship opportunities, and advocate for fair lending practices.above challenges through continued dedication and collaboration, and collectively By doing so, we strive to ensure that Black entrepreneurs have equal access to thebuild a more inclusive and prosperous future for all.funding they need to start and grow their businesses.Growing Small BusinessesSmall businesses are the backbone of any thriving community, and the DEBCC iscommitted to nurturing the growth of Black-owned enterprises in Delaware. We provide essential resources such as business development training, marketing support, and access to networking events. Through these initiatives, the DEBCC empowers small businesses to scale their operations, create jobs, and positively impact their communities.Delaware Three Rivers Area Economic Development Master Plan 177'