And We're Back!

Founder’s Pulse

Friends,

When we embarked on our mission to bridge the racial wealth gap through mentorship, funding, and education of young entrepreneurs, we never anticipated the profound impact it would have, fostering lasting and meaningful relationships within and beyond our community. Through unwavering commitment and a shared belief, we've cultivated our own entrepreneurial family.

Each interaction with our students, volunteers, and donors reaffirms our purpose and challenges me to strive for personal growth, even on the toughest days :-)

One story particularly resonates—that of a Youthpreneur who faced daunting financial and emotional hurdles. Despite setbacks, including team departures, she persevered. Her unwavering determination and belief in her vision guided her to recruit a new team with skillsets that matched her immediate needs. She is excited and relieved that her business is moving toward profitability by the end of 2024. Now, she proudly vibes to Kendrick Lamar's "They Not Like Us," embracing her uniqueness, occasional pettiness, and imperfect journey.

As we embark on this new season, I invite you to welcome our new youthpreneurs and interns to EOT. Exciting opportunities lie ahead, including the chance to mentor our future leaders. Interested in becoming a mentor? Simply reply to this email and let me know. Together, let’s shape a brighter future.

With gratitude,
Daniel P. Calderon
President, Entrepreneurs of Tomorrow Inc 501(c)(3)

Click Below to Meet Gabi in Brazil!

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Gabriella Sarmento, EOT HR Intern, University of Central Florida

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🎵 “This a Reminder” 🎵
Economic Impact of Black-Owned Businesses in the U.S.

1. The growth of Black-owned businesses has not only transformed communities but also made a meaningful impact on the U.S. economy. Recent analyses by the Brookings Institution highlight that these enterprises contribute over $200 billion annually to the nation's economic output.

2. In addition to our economic contribution, Black-owned businesses play a crucial role in job creation, providing livelihoods for approximately 1.2 million Americans, according to the U.S. Chamber of Commerce. This not only enhances economic stability but also reduces unemployment rates nationwide.

3. Moreover, increased business activity by Black-owned enterprises leads to higher tax revenues for local, state, and federal governments. For instance, in 2023 alone, these businesses collectively contributed approximately $23 billion in federal taxes, as reported by the Kauffman Foundation.

4. Beyond financial metrics, Black-owned businesses are pivotal in fostering local development and resilience. Operating often in underserved communities, they bring economic vitality, increase property values, and enhance community cohesion. By creating jobs and supporting local supply chains, these businesses stimulate economic activity and contribute significantly to neighborhood revitalization.

5. Supporting Black entrepreneurship is not just a matter of equity; it is a strategic investment in economic growth. By expanding access to capital, mentorship, and business development resources, we empower Black entrepreneurs to innovate, create new markets, and drive competitiveness across industries. This empowerment not only enhances economic inclusivity but also amplifies the entrepreneurial spirit that fuels America's prosperity.

As we acknowledge the achievements of Black-owned businesses, let us reaffirm our commitment to fostering an environment where all entrepreneurs can thrive. Join us to build a more robust and equitable economy that benefits every corner of our society.

Cool Things We Did and What’s to Come!

• Last Week | Youthpreneur Incubator Kick-Off - July 8th

  We welcomed our new YouthPreneurs during an energetic kick-off virtual session.

• This Week | Clubhouse 1: It's Nothing Without a Plan - July 14th

  The 'It's Nothing Without a Plan' workshop taught YouthPreneurs the essential tools for developing a robust business model map.

• Next Week | Clubhouse 2: I Plan to Profit - July 28th

  The ‘I Plan to Profit’ financial workshop guides youthpreneurs in planning for profitability and maintaining essential financial routines.

Coming in Hot 🔥
We are thrilled to welcome our newest YouthPreneur Incubator cohort

Welcome to our new cohort of YouthPreneurs embarking on their entrepreneurial journey! This year, we're excited to support a diverse range of ventures, including Health AI Technology, a fashion brand dedicated to inspiring and improving mental health for young people, and innovative solutions to reduce waste on college campuses. Join us as we follow their inspiring journey throughout the year, culminating in the Pitch For Ya Life competition on December 3rd (early bird tickets coming soon). Your decision to join us marks the beginning of extraordinary achievements. We believe in your potential to create positive change and are here to support you every step of the way. Let's turn these innovative ideas into impactful businesses and build a brighter future together!

We can count on you!

Despite the current backlash against DEI programs, Entrepreneurs of Tomorrow (EOT) is unwavering in our commitment to doubling down on these efforts rather than backing down.

Now more than ever, it's crucial to amplify our support for Black and Brown entrepreneurs. Their innovations drive economic growth and strengthen our communities. By standing together and actively supporting EOT, you empower us to provide critical resources, mentorship, and opportunities that pave the way for lasting change.

Join us in turning challenges into opportunities, and let's build a future where diversity thrives, equity prevails, and inclusion is non-negotiable. Together, we can create an entrepreneurial landscape that reflects and uplifts every voice.

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