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The coronavirus has proven to be a multi-layered nemesis with its effects spanning far beyond that of physical sickness. Not only has it taken a toll on the stock market, but now Black hair suppliers in Maryland and Washington, D.C. are being affected by its pandemic reach. According to WUSA 9 , hair care businesses are facing challenges securing hair shipments from their wholesalers located in Asia. District Cheveux, located in Bowie, Maryland, depends on weave and wig shipments from China to fulfill customer orders, but due to the coronavirus, the company has taken a hit. “I just never imagined coronavirus would affect me, being in the states,” District Cheveux stylist, Shannel Wallace told WUSA 9. “Not directly as far as being sick, but my business,” she said. Hair shipments to District Cheveux have also been extremely delayed. Wallace said an order she placed in January still hasn’t arrived. “They [the vendor] finally reached back out to me and said due to the virus, everyone,...
Metropolitan Economic Development Association (MEDA) — a nonprofit organization helping minority business owners scale their companies — has extended the deadline to June 20 for its second annual Million Dollar Challenge for Minority Entrepreneurs in partnership with Chase. MEDA offers business development services, access to capital, consulting, and other support to minority entrepreneurs in Minnesota. The Million Dollar Challenge for Minority Entrepreneurs offers $1 million in funding to assist founders of color in of scaling their businesses. The challenge consists of a multi-round pitch competition where 20 minority-owned businesses tell why they believe their companies will grow. Ten businesses will move on to the next round to participate in MEDA’s Boot Camp for Successful Pitches, an accelerator program equipped with investor feedback, consulting and networking opportunities. The ten finalist will pitch again in October for a final chance to receive $1 million in financing....