IMPACT AZ 2025
(9) MONTH SUPPLIER DIVERSITY READINESS BUSINESS ACCELERATOR
RESPONSE TO THE STATE OF BLACK BUSINESS REPORT
The Millionaire Mastermind Academy, in Partnership with The AZ Black Chamber, Is Addressing Economic Challenges Faced by Black Business Owners in The Valley.
Class of 2023 Full, Join the wait list for 2024
IMPACT AZ 2025
(9) MONTH SUPPLIER DIVERSITY READINESS BUSINESS ACCELERATOR
RESPONSE TO THE STATE OF BLACK BUSINESS REPORT
The Millionaire Mastermind Academy, in Partnership with The Az Black Chamber, Is Addressing Economic Challenges Faced by Black Business Owners in The Valley
Class of 2023 Full, Join the wait list for 2024
OVERVIEW
IMPACT AZ 2025 is a 9- Month program that is aimed at preparing small business owners to win contracts with large corporations and government agencies.
- Program Kick off- April 24, 2023
- Attend weekly classes & Mentor Sessions
- 5 Hours per week minimum commitment
PROGRAM MODULES INCLUDE:
- Building Capacity for Contracts
- How to partner with Corporations
- Financial Planning & Management
- Income Generation
- Business Operations
- AND MUCH MORE!!
Classes are held Every Tuesday & Wednesday from 4:30pm - 7:00pm
THIS PROGRAM IS TITLE SPONSORED BY
THIS PROGRAM IS SPONSORED BY
THIS IS A COLLABORATION WITH FOUR KEY ACTION GROUPS
Corporations with Supplier Diversity Programs
Financial
Institutions
Government
Entities
Community Collaborators
IMPACT AZ 2025 mission fulfilled will be sustaining Arizona’s Minority Owned businesses and entrepreneurs by 2025
Diverse Companies Awarded Contracts with Corporations (Supplier Diversity)
Inspiring Individuals Through Exposure to Entrepreneurship
Developing New Start up Companies
Empowering Existing Businesses to Grow by 1-5 Employees
Creation of Job Opportunities
Too many Black-owned businesses are systematically cut off from the capital they need.
IMPACT AZ 2025 IS HELPING TO SOLVE THIS PROBLEM
We will break through social injustice and boost economic impact through public and private partnerships. Our Robust Incubator meets entrepreneurs where they are, from startup to scale-up, while preparing for Supplier Diversity opportunities.
Past National Success Highlights
No Need to Start from Scratch, Our Programs have supported over 8000 Entrepreneurs Across the Country and are still growing.
Millionaire Mastermind Academy is a 501(c)3 nonprofit organization whose mission is to educate and support! We address the barriers to economic mobility for the underserved and excluded.
WE SERVICE ARIZONA, GEORGIA, FLORIDA & TEXAS
Katrice & Kashira Thompson completed the Entrepreneur Accelerator Program and received $5000 in seed funding to launch their business. Currently, they are in negotiations with Target Supplier Diversity regarding procurement of their products. They have sold 1200+ units, 2 Full-Time-Employees, & a Manufacturing & Distribution with an overseas supplier.
Nurse Duo Katrice & Kashira Thompson
Co-CEO Mother & Daughter
J.I.V.E. Juice-Founded by Tamala Austin, J.I.V.E. Juice is now available at Whole Foods 365. J.I.V.E Juice (Juice Is Very Essential) is the first juice company owned by an African American to be placed in Whole Foods. J.I.V.E. Juice is in 40 Whole Food Stores & 35 HEB Stores, has 10 employees and currently $1.5M in Annual Revenue.
Tamala Austin
Founder of J.I.V.E. Juice
D.E.E. Results-CEO’s Demetra Morgan, completed the Accelerator Program and has recently secured her first 5 figure multi-year contract, she has 2 employees and 2 contractors.
Demetra Morgan
CEO of D.E.E. Results
Yahly’s Wax & Wellness Spa-CEO Latonya Harris completed the Entrepreneur Accelerator Program and received $5000 in seed funding to launch her business. She has 1 full-time employee and 5 new entrepreneurs working in her spa as independent contractors.
Latonya Harris
CEO of Yahly’s Wax & Wellness Spa
BUSINESS REPORT
IMPACT AZ 2025 is the solution to The State of Black Arizona 2022
It’s not about helping one group at the expense of others, “But we must continue our fight to make intentional, target[ed] investments of political, social and business capital to aid in our priorities of building a better ecosystem for Black-owned businesses and entrepreneurs. It is a matter of good business, which creates a greater opportunity for all Arizonans.
Quote: Teniqua Broughton.
Executive Director, State of Black Arizona
Break down barriers and overcome obstacles to entrepreneurship.
If you’re an entrepreneur – whether that means you have just registered your business with the state or you’ve just begun working on your business plan. Impact AZ Minority-Owned Business Accelerator program is designed for you. We seek driven and focused entrepreneurs ready to set a vision for business growth and take action to achieve it.
IMPACT AZ 2025 is a solutions-driven 9-month accelerator program that assists entrepreneurs in learning, building their networks, and developing plans for business growth. Seminars and supplier diversity readiness focus on doing business with corporations, customer discovery, market validation, financial management, business development, and professional network development.
Charting a Course for Success.
Grow your businesses through an action-focused process.
360 ASSESSMENT
Get a 360 degree view of your business
We’ll start with a visual checklist that gives you a complete 360° view of your business to identify key focus areas to move your business forward. Then, working with a team of trusted business advisers, you will develop a business growth plan to set actionable goals and measure your progress.
DOING BUSINESS WITH CORPORATIONS
Supplier Diversity Readiness
Corporations are looking to work with minority suppliers. More than $50 Billion have been committed to partner with Minority Small Business Owners. Take part in facilitated training led by corporations with supplier diversity goals. These business training sessions aim to get you certified and ready to build financial capacity and become an empowered firm by creating job opportunities through intense supplier diversity training. It's time to level the playing field.
NETWORKING
Grow your network and make it work for you
Networking programs will be scheduled over the course of the nine months and will include round table panel discussions, business exchange opportunities, social networking engagements, and small group collaboration sessions.
COACHING
Structured conversations about your business
Your coach will help you build a custom toolbox to help you take action. They will help hold you accountable and keep you on track.
WORK WITH EXPERTS
Access expertise to close gaps
We’ll help you identify the strengths and gaps you’ll encounter as you execute your business growth plan. Then we’ll help you build a “brain trust” of trusted experts and advisers invested in your success to help you close gaps.
GROWTH PLAN
The proving grounds
After 9 months, you’ll take the lead and test your new skills and network. The business growth plan you create will guide you. Our business coaches and your brain trust will be available during this period. You’ll take the lead, but we’ll stand with you to achieve your goals.
OUR TEAM
Dr. Velma Trayham
President & Founder
Millionaire Mastermind Academy, Inc
Robin Reed
Advisor
CEO Black Chamber, Arizona
Monica Villalabos
President & CEO
Arizona Hispanic Chamber
Ashley Kelly
Advisor, VP, SR. Business Consultant
J.P. Morgan Chase
Catherine Arvizu
Vice President Commercial Lending
Commerce Bank of Arizona
Shareé Hurts
Program Manager
Strategic Partnerships, APS
Jacque Starks
Strategy & Leadership, Advisor
Andre Whittington
CEO
Growth Partners, AZ
MMA BOARD OF DIRECTORS
Cameron Robb
Senior Economic Development Consultant
Arizona Public Service
Joe Lubeck
CEO
American Landmark
Erin Floyd
VP
Area Leader Truist Bank
Alice Livingston
Executive Director
Blaylock Van LLC
Application
Class of 2023 Full. Join the wait list for 2024
IMPACT AZ 2025 Minority Business Accelerator (9 month)
ACTION-FOCUSED PROCESS
- Physical space and support to assist business owners with resources to promote stability and growth.
- Business Development for Supplier Diversity opportunities, Access to public and private partnerships, training in accounting and finance, HR and legal services, capital strategy, marketing, and more.
- Mentorship and networking to expand entrepreneurial knowledge, connections, and opportunities.
- The incubator will help business owners and entrepreneurs acquire the skills and support they need to scale and succeed in Arizona.
Focused on Growing Existing Businesses and Forging a Path for Economic Growth.
KEY FINDINGS
What, in summation, is the state of Black entrepreneurs and business owners in Arizona?
Arizona's Black entrepreneurship ecosystem remains under-sized relative to the local Black population. Where 5% of Arizonans identify as Black or African American, Black-owned businesses represent just 1% of employer firms in Arizona.
Black and African Americans have lower rates of entrepreneurship than their peers and have for decades. This trend has persisted in Arizona and the U.S. for generations. Historically, the average entrepreneurship rate of Black and African Americans has been 0.23%. Compared to 0.39% of Hispanics and 0.30% of White and Asian Americans.
These businesses are highly concentrated in just a few sectors.
Arizona's Black-owned businesses are, on average, smaller and much younger than their competitors.
The average Black-owned business in Arizona employs 11 people and is less than 6 years old
In comparison, the average Arizona business employs 24 and is nearly 10 years old