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.

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

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

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Companies

Diverse Companies Awarded Contracts with Corporations (Supplier Diversity)

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INDIVIDUALS

Inspiring Individuals Through Exposure to Entrepreneurship

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START UP

Developing New Start up Companies

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Companies

Empowering Existing Businesses to Grow by 1-5 Employees

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Opportunities

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.

In addition to Black-owned businesses, we also provide programming and support for businesses owned by veterans and formerly incarcerated individuals.

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

HEAR MORE SUCCESS STORIES

BUSINESS REPORT

IMPACT AZ 2025 is the solution to The State of Black Arizona 2023

DOWNLOAD THE REPORT HERE

Key recommendations to improve opportunities:
1. Increase access to startup capital
2. Generate new venture funding opportunities
3. Fix terms of credit for black-owned businesses
4. Close the financial institution gap

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

Teniqua Broughton

Advisor, Executive Director

State of Black Arizona

Ashley Kelly

Advisor, VP, SR. Business Consultant

J.P. Morgan Chase

Jacque Starks

Strategy & Leadership, Advisor

Tania Nadyseva

Program Director

Millionaire Mastermind Academy

Marjorie Ann

Executive Assistant

Millionaire Mastermind Academy

Lea Temple

Program Manager

Millionaire Mastermind Academy

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

Join Our 2024 Waiting List

Read Our Eligibility Requirements
* indicates required

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.

0 %
are in the Healthcare and Social Services sector
0 %
are in the Professional and Technical Services sector 
0 %
in Retail, Accommodation and Food Services

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