In an effort to promote and support successful black businesses in Florida, the African American Chamber of Commerce and Florida Tech have partnered to offer a full scholarship to a deserving black entrepreneur. This initiative marks the second time two organizations have joined forces to provide a scholarship for black entrepreneurs in the state.
Florida Technical College became a 2020 trustee of the African American Chamber of Commerce, demonstrating their commitment to supporting black-owned businesses. Eddie Duran, the first recipient of the scholarship, is set to graduate with honors in 2024. He started ArtCycle Kids, a program that uses cycling to teach children about teamwork.
The importance of organizations like Florida Technical College providing support to black-owned businesses cannot be overstated. This support provides resources that would not otherwise be available and helps address disparities in black business ownership. Nationally, black-owned businesses make up only 3% of all firms, despite blacks representing 12.4% of the adult population. This shows a significant disparity between the black population and the number of black business owners.
The full-tuition scholarship, worth up to $61,178, is open to someone who wants to establish a new business in the community. The goal is to provide support and tools for individuals entering the business world, enabling them to succeed. The application deadline is February 12, 2024 and the recipient will be announced on February 22 at the Florida Technical College Orlando Campus.