NJ Wants to Level the Playing Field for Minority Entrepreneurs – KYW Newsradio 1060

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TRENTON, N.J. (KYW Newsradio) — New Jersey is looking for ways to help women and minority owned startup businesses that are having a hard time. What the state wants right now is information.

The effort from the state’s Economic Development Authority is aimed at addressing the reasons why it is harder for women and minorities to get their dream businesses going.

EDA Chief Executive Officer Tim Sullivan says less than 2% of venture capital winds up going to those firms and he wants suggestions on how to change that.

“One idea that we’re very seriously considering is investing in an early stage growth capital fund focused exclusively on black and Latinx entrepreneurs,” Sullivan told KYW Newsradio. “Early stage capital is the …