Empowering Minority-Owned Businesses in Martinsville

Since 2019, minority-owned businesses in the City of Martinsville and Henry County have been working together to create opportunities for success and overcome systemic barriers. Through dedicated efforts, and perseverance throughout the COVID pandemic, this informal network has evolved into a formal 501(c)(3) nonprofit organization, the Minority Business Consortium (MBC).

Historically, minority business owners have faced significant challenges, including limited access to capital, systemic barriers to growth, and lower revenue generation compared to their white counterparts. With a mission to provide resources, technical and business development support to current and prospective underrepresented minority business owners in the community, MBC is working to create a dynamic economic development landscape where minority-owned businesses can thrive and contribute to a growing local economy.

Supported by a $50,000 FY24 Virginia Business District Resurgence Grant from the Virginia Department of Housing and Community Development, the Harvest Foundation vetted and hired nonprofit consultants (The INS Group and Letterpress Communications) to develop foundational documents, facilitate training for the new board of directors, and create a strategic plan and associated operational budget, one-year action plan, and marketing/promotions plan.

Thanks to regional partnerships with RISE Collaborative, TAD Space, the Longwood Small Business Development Center, and Patrick & Henry Community College, MBC’s ongoing initiatives include launching a regional small business microloan pool, expanding training opportunities, hosting networking events, and fostering partnerships that drive inclusive economic growth, cultivate a comprehensive entrepreneurial ecosystem, and support a new wave of minority entrepreneurs.

The Minority Business Consortium’s journey exemplifies the power of collaboration and community-driven economic development. As the organization continues to grow, it will serve as a beacon of opportunity, ensuring that minority business owners in Martinsville and beyond have the tools they need to succeed.