“The United States remains inequitably behind when it comes to connecting and putting dollars into companies led by Black entrepreneurs.” – Keenan Beasley, Fast Company
Despite representing nearly $4 trillion in spending power and 8 million small businesses, minorities, specifically African American entrepreneurs, face systematic discriminatory funding practices that make it 10x harder to access capital to finance business ideas. Access to capital provides entrepreneurs an opportunity to promote economic growth, accumulate wealth, provide job opportunities, and expand the circulation of dollars in minority communities.
The M.O.G.U.L (MOGUL) Initiative is a 501c3 non-profit organization and social initiative aimed at expanding and encouraging minority entrepreneurship and education in the United States. Founded in response to the racial wealth disparity and institutionalized bias, The MOGUL Initiative focuses on four core sectors: entrepreneurship, education, economic equality, and community safety.
As the founder of The MOGUL Initiative, my commitment is to expand business funding opportunities for minority entrepreneurs, provide guidance for minority businesses, and educate and build leaders in communities of colors. These actions will in turn play an essential role in building generational wealth and safety for minorities throughout the United States.
— Nathan G. Meaux, Founder of The MOGUL Initiative
Throughout our first twelve (12) months of operating, The MOGUL Initiative has created some aggressive goals as we work to meet our mission of combatting four cores systematic issues facing minority communities: (1) Lack of Access To Capital, (2) Educational Disparities, (3) Economic Inequality, and (4) Community Safety.
