September 2021 Newsletter
New Forgivable Micro Loan Program for Minority-Owned Small Businesses
The Rhode Island Black Business Association is proud to announce a New Forgivable Micro Loan Program to boost Black or minority-owned small businesses. Our Forgivable Micro Loans are similar to normal loans except, once businesses have used the funds for their intended purposes, the loans will be forgiven.

Rhode Island's Black and minority-owned small businesses are a vital part of our economy, and their success is vital to the sustained economic growth and prosperity of our communities. The COVID-19 pandemic has disproportionately impacted minority-owned businesses. Given this, RIBBA is distributing forgivable loans to businesses owned and operated by people of color.

Current clients are invited to complete our self-assessment survey linked here and below. If you are not an existing client of RIBBA, we invite you to begin the enrollment process to become a client by using the New Client button below.
For questions or additional information, please contact us via email: [email protected] or by phone: 401-383-1179.
A Fresh Start: New School Year, New Business Strategy
by Stephanie Mireku, Content Writer at RIBBA

With the start of a new calendar year, often comes an impetus to begin again, to renew, and to reassess priorities and goals. Similarly, with a new season and often coinciding with the beginning of a new academic year, some of these same sentiments come to the surface. As students consider new ways to innovate and maximize learning, business owners can see these times as opportunities to do the same and more. As priorities, opportunities, and trends continue to develop and shift, it is imperative for businesses to consider how they can pioneer, pivot, and lead. It is particularly important for business owned by BIPOC (Black, Indigenous, and People of Color) entrepreneurs, to consider these opportunities to differentiate and advance their business trajectories to mitigate the challenges presented in our increasingly complex marketplace. Here are a few ways that businesses can accomplish this: 

1. Participate in training to achieve and enhance new levels of skills and talents  

2. Attend events and/or develop an outreach strategy to expand your professional network and customer base 

3. Apply for funding opportunities to support new initiatives and provide continuity for existing programs 

4. Consider increasing capacity and reach by pursuing opportunities for operational support (e.g. internships, exchanges, apprenticeships, consulting, assessment, and partnerships) 

5. Research best practices and potential opportunities for growth and expansion within your field of interest


We Are Now Accepting Mentor & Mentee Applications for the November 2021 LEAP Mentor Program Cohort!
The LEAP Initiative Mentor Program is a multi-layered program focused on developing a sustainable generation of diverse, empowered, and well-informed individuals. The program will take place over the course of 5 months, starting in November 2021 through April 2022. Pairs will meet for at least 1 hour a month and take part in mentor program meet-ups, educational workshops, and have access to executive career & business coaching.

Mentors will be matched with college through early career aged mentees. Mentor and Mentee pairs will work together solving attainable goals, resolving challenges and removing barriers with the support of RIBBA.

Apply Today! Deadline for Applications & Completed Interviews is October 25, 2021 by end of day.

The Emerging Leaders Program is FREE for participants and the deadline is approaching!
To be considered for the program, all applications and interviews must be scheduled and completed by September 20, 2021.
This 6-month leadership program prepares high-performing Black, Indigenous, & Professionals of Color for advancement into senior leadership while raising their visibility, impacting their company's goals and bottom line, and having favorable impact on their self and community at large.

Watch the info session to learn more about the program.

Interested in Mentoring Emerging Leaders?
RIBBA is currently recruiting mentors to meet with Emerging Leaders Development Program participants for 1 hour a month for the duration of the 6 month program. Mentors will work with program participants on achieving career goals and resolving challenges with the support of the ELDP Program Team.

Let's Grow Your Business Together. We have FREE Business Support Services for you to take advantage of!
Our business development programs and services are here to help Providence-based minority businesses receive the essential resources they need to achieve sustainable growth.

Fill out an application here to begin receiving FREE business services or contact us for more information.
Meet Caitlyn Lemoi: RIBBA's Small Business Specialist
Caitlyn Lemoi is a Small Business Specialist at RIBBA where she's worked for two years directly assisting small business owners. She meets with potential clients to assess eligibility, on-boards them, and coordinates services for those enrolled in the Free Business Services Program. She has previously assisted businesses i successfully applying for and receiving loans through RIBBA’s microlending program. She is dedicated to helping every business that she encounters grow and thrive. If you are a business owner who is looking for free business assistance fill out an application here to meet with Caitlyn and see how RIBBA can assist you.
RIBBA is hiring!
Welcome New Member!
General Membership Meeting - September 28th
Join us for our monthly general membership meeting to learn more about what's happening at RIBBA and hear from speakers about opportunities for you and your business to take advantage of.

This month's presenters will share information on resources your business can take advantage of.

To learn more and register for the meeting, click below.
Volunteer Opportunities
RIBBA’s impact is dependent on not just staff, but also the dedicated volunteers in our community that support our very important work. Below are our current volunteer opportunities.






RIBBA is always looking for skills-based volunteers to help drive our mission forward. Please click below to share your your volunteer interest with the team.
Become a member
Discover the power of an ally, advocate, & change agent standing behind you, your business, career & our community. 
You can have an impact today
Your contribution will provide direct support for
RIBBA’s programs and services that directly impact Rhode Island's Black Business community.