Print
Entrepreneurs

Genesis Block Receives Grant To Support Black Entrepreneurship

By Johanna Cano, posted Dec 15, 2020
Genesis Block has received a grant from NC IDEA to continue to support its mission of boosting Black entrepreneurs. (File photo)
Wilmington’s Genesis Block is one of eight recipients in the state of an NC BEC ECOSYSTEM grant, with the goal of elevating Black entrepreneurship in North Carolina.

Genesis Block, a community collaborative and coworking space that opened in downtown Wilmington this year, received $50,000, said Andrea Cook, director of NC IDEA Foundation, in an email.

Recipients could request up to $50,000, she added.

The grant program, with a total of over $360,000, was created through a partnership between NC IDEA and the newly formed North Carolina Black Entrepreneurship Council.

“Under the leadership of the NC Black Entrepreneurship Council and just months after its formation, our call to fund organizations supporting more Black people in their ambition to start and scale growth-oriented companies drew an incredible response,” Thom Ruhe, CEO and president of NC IDEA, said in a press release. “Equitable entrepreneurship is vital to our economic recovery. Partnering with these eight worthy recipients creates greater opportunity to economically empower Black people with entrepreneurship, and collectively work to combat inequalities that perpetuate racial imbalances.”

Genesis Block and other partner recipients are “executing on innovative and transformational ideas that will elevate Black Entrepreneurship,” the release stated.

Started by Tracey and Girard Newkirk, Genesis Block has a three-year goal to help boost companies that will create 400 jobs and add $13 million in investment in the area.

Genesis Block includes a coworking space, entrepreneur academy and minority accelerator and is developing a mobile application and website to promote minority businesses in the Wilmington area. While open to all entrepreneurs, it has a focus on helping women- and minority-owned businesses.

Last week, NC IDEA awarded $1.5 million in grants through its NC IDEA ECOSYSTEM grant program, which included Network for Entrepreneurs in Wilmington.

Local entrepreneur and co-founder of Lapetus Solutions, Karl Ricanek, is a member of the N.C. Black Entrepreneurship Council, which formed in August.

Other winners of the NC BEC ECOSYSTEM grant include ACCESS Center for Equity + Success in Winston-Salem, ASPIRE Community Capital and City Startup Labs in Charlotte, GRIND in Asheville, HELIUS and Knox St. Studios in Durham and Triangle Entrepreneurial Leadership in Garner.
Ico insights

INSIGHTS

SPONSORS' CONTENT
Atromitos micheallegady headshot

When And How Your Business Should Employ The Help Of A Consultant

Michealle Gady - Atromitos
Junegunter teachinghorse headshot 5721115557

Lead Mares Go First

June Gunter - TeachingHorse
Neilunderwood canapi headshot

Why Canapi Is Backing Nova Credit, The Leading Credit Access Solution For Newcomers

Neil Underwood - Canapi Ventures

Trending News

Airport Authority Votes Out ILM Director Julie Wilsey

Christina Haley O'Neal - Jun 10, 2021

In Pender County, More Than 1,000 Acres Sold To Homebuilder, Partners

Cece Nunn - Jun 10, 2021

CFPUA Announces New Executive Director, Approves Budget

Staff Reports - Jun 9, 2021

New Office For Engineering Firm Flows Into Downtown Wilmington

Cece Nunn - Jun 9, 2021

Antonio’s Of Monkey Junction Moving To New Location

Jessica Maurer - Jun 9, 2021

In The Current Issue

NHRMC Forming Community Advisory Group

As part of its acquisition by Novant Health, NHRMC is putting together an advisory council made up of community members from the tri-county...


Leapfrog Group Awards Area Hospital Safety Scores

The Leapfrog Group recently gave Novant Health Brunswick Medical Center an A letter grade in its spring hospital safety grades. New Hanover...


A Storm Of Preparation

While the term ‘’infrastructure improvements” may bring to mind images of bridge construction and road repair, the concept is at the heart o...

Book On Business

The 2021 WilmingtonBiz: Book on Business is an annual publication showcasing the Wilmington region as a center of business.

Order Your Copy Today!


Galleries

Videos

Trying to Grow a Business?
2020 Health Care Heroes
2020 WilmingtonBiz 100