by Oregon Association of Minority Entrepreneurs | Sep 6, 2024 | Events
Last month, OAME hosted a highly successful event connecting local public agency project managers with OAME member professional services providers. The event provided a unique opportunity for businesses to showcase their offerings and explore potential contract opportunities.
With over 25 businesses represented and a strong turnout from public agencies like Metro, TriMet, the Port of Portland, and various county and city governments, the atmosphere was buzzing with excitement and anticipation. Attendees had the chance to engage in one-on-one conversations, learn about upcoming projects, and discover direct contracting opportunities.
Participating businesses found the event invaluable. Many reported connecting with government staff who expressed interest in their services and even discussed potential projects. The opportunity to learn about the procurement process and understand the decision-making structures within different agencies was also a significant benefit.
For public agencies, the event provided a valuable opportunity to identify potential vendors and learn about the latest offerings in the professional services market. By engaging directly with businesses, agencies were able to gain insights into the capabilities and expertise of local providers.
Overall, the OAME Public Agency Meet-and-Greet was a resounding success. The event facilitated valuable connections, fostered collaboration, and provided a platform for businesses to showcase their offerings to public agencies. As we look ahead, we are excited to continue organizing events that support the growth and development of our local business community.
by Oregon Association of Minority Entrepreneurs | Sep 6, 2024 | Events
The recent OAME Youth Entrepreneurship Conference ignited a spark of ambition in attendees aged 14-21. This empowering event provided a launchpad for budding entrepreneurs, equipping them with the tools and knowledge to turn their passions into thriving businesses.
The conference buzzed with energy as enthusiastic young minds delved into the world of entrepreneurship. Experienced coaches and mentors acted as guides, sharing valuable insights into the “ins and outs” of business. Through intensive training sessions, participants gained a solid foundation in essential business concepts.
But the learning didn’t stop there! Hands-on workshops provided attendees with a chance to get their hands dirty, putting theory into practice. Participants honed their skills in critical areas like launching and managing ventures, ensuring their dreams have a strong foundation for success.
And let’s not forget the fun factor! The conference wasn’t just about work. Organizers cleverly weaved in engaging activities, games, and contests, keeping the energy high and the atmosphere exciting. This interactive approach fostered a sense of community and camaraderie amongst participants, allowing them to connect with like-minded peers and build lasting connections.
The OAME Youth Entrepreneurship Conference was a resounding success. By providing young people with the knowledge, resources, and support they need, the event empowers them to turn their entrepreneurial aspirations into reality. It’s clear that the future of business is bright, thanks to the innovative spirit of these young changemakers!
by Oregon Association of Minority Entrepreneurs | Aug 31, 2024 | OAME Microloans
Struggling to secure traditional bank financing for your minority-owned business in Oregon or southwest Washington? The Oregon Association of Minority Entrepreneurs Credit Corporation
(OAMECC) can help! We offer SBA loans specifically designed to address the unique challenges faced by minority entrepreneurs.
OAMECC is here to empower your minority-owned business in Oregon and SW Washington. We offer a variety of resources, including SBA loans (A/R and Term Loans) to address your current financial needs, along with expert business counseling to equip you for future success. Our program is built on the understanding of the specific challenges you face, and we’re dedicated to helping you overcome them.
Want to learn about our loan options? Well, our SBA loan options cover two selections to fit your business needs. We have A/R Loans that are ideal for short-term gaps in working capital while waiting for client payments, allowing you to borrow up to 80% of an invoice value with amounts ranging from $500 to $50,000. For longer-term financing needs for equipment, expansion, or other ventures, we offer Term Loans with terms of 12 to 36 months and amounts ranging from $500 to $50,000 – both options with a competitive annual interest rate of 5%.
To qualify for an OAMECC SBA Loan, your minority-owned business must be located in Oregon or southwest Washington, have been operating for at least 6-12 months as a for-profit business, and be unable to secure traditional financing. Additionally, all applicants must attend an OAME Access to Capital Orientation (contact OAME if outside the Portland area).
To sum it up! To apply for an OAMECC SBA Loan, start by attending the Access to Capital Orientation to gain insights into the process and application requirements. Next, gather all the documents listed on the application checklist. If you need assistance with your business plan, don’t hesitate to reach out to SCORE, Portland State Business Outreach, or your nearest SBDC. Be aware that businesses located in Clark County (SW Washington) will need to provide additional documentation along with proof of address. Finally, remember that loan funds cannot be used for real estate purchases, debt repayment, or refinancing.
Don’t let short-term cash flow gaps or lack of traditional financing hold you back! OAMECC’s SBA Loans offer a chance to bridge those gaps, invest in equipment, or fuel expansion. Take your business to the next level – contact OAME to learn more about SBA loans and how they can benefit you.
Contact Information:
Phone: 503-249-7744
Email: oame@oame.org
Website: https://oame.org/
by Oregon Association of Minority Entrepreneurs | Aug 31, 2024 | OAME Nonprofit
The Oregon Association of Minority Entrepreneurs (OAME) isn’t just an organization; it’s a thriving community dedicated to empowering minority-owned businesses. With a membership exceeding 550, OAME fosters a powerful network that connects entrepreneurs, public agencies, non-profit partners, and even larger corporations.
We couldn’t do it without you! A big thank you to all our members. Your partnership drives OAME’s success. We’re so proud of the milestones we’ve achieved together, and we can’t wait to see what the future holds!
By becoming a member of OAME, you’ll gain access to a powerful network built through events and programs, connect with potential partners and clients, receive technical assistance on challenges from navigating regulations to financial planning, learn marketing strategies to reach your target audience, find funding opportunities to fuel growth, and for budding entrepreneurs, even leverage the resources and support of OAME’s business incubator program to launch your startup.
Beyond the Tangible Benefits, OAME’s commitment extends beyond offering services. They believe in building a strong, collaborative community. By fostering connections across diverse sectors, OAME creates a powerful network that empowers all its members and fosters a spirit of inclusivity.
Feeling Inspired? Join us and be a member of OAME. Becoming a member of OAME is an investment in your business’s future. It’s about gaining access to valuable resources, a supportive network, and a community that champions your success. Explore the “Membership” section on OUR website to learn more about joining this vibrant community.
Contact Information:
Phone: 503-249-7744
Email: oame@oame.org
Website: https://oame.org/
Together, let’s build a brighter future for minority-owned businesses!
by Oregon Association of Minority Entrepreneurs | Aug 31, 2024 | OAME Nonprofit
The Oregon Association of Minority Entrepreneurs (OAME) is celebrating a milestone year! Since 1987, they’ve been a driving force in empowering and supporting minority-owned businesses in Oregon and Southwest Washington. Let’s take a trip down memory lane and explore the rich history of this impactful organization.
OAME’s Humble Beginnings started in 1987 as an idea from the entrepreneurial couple- Sam and Margaret Brooks, with a clear vision: creating a space for inclusivity and opportunity. Their motto, “Everybody’s In, Nobody’s Out!” perfectly sums up this idea. It’s a commitment to promoting and developing entrepreneurship and economic development for ethnic minorities in the State of Oregon.
For over three decades, OAME has been a comprehensive resource center for minority entrepreneurs, offering technical assistance, networking opportunities, marketing guidance, access to capital through funding and grants, and even a business incubator program to nurture and support startups.
By offering these services, OAME is deeply committed to building a strong and collaborative community. By fostering connections between minority-owned businesses, public agencies, educational institutions, and larger corporations, OAME creates a powerful network that empowers all its members.
What lies ahead you may ask? As OAME embarks on its 38th year, it remains dedicated to its core mission. They continue to be a vocal advocate for policies that support minority businesses, fostering innovation and entrepreneurship within the minority community. Through providing resources and guidance, OAME empowers these businesses to reach their full potential.
The Oregon Association of Minority Entrepreneurs is a shining example of the power of collective action and unwavering commitment. By supporting and empowering minority entrepreneurs, OAME is not only helping businesses thrive but also building a more vibrant and inclusive economy for Oregon and Southwest Washington.
