Omaha Star, Vol 85 Issue 3, January 20, 2023, Omaha, Nebraska

Page 1

75 CENTS

Omaha Star

The

Proudly Serving Our Community for Over 80 Years

Dedicated to the Service of the People that NO Good Cause Shall Lack a Champion and that Evil Shall Not Go Unopposed

Nebraska’s Only Black Owned Newspaper Vol. 85 - No. 3 Omaha, Nebraska

Friday, January 20, 2023

75 cents

FAMILY OF THE WEEK: The Farmers

Omaha 100, a nonprofit organization helping underserved Black, Indigenous and people of color access resources for homeownership and business development, has been selected as one of two entities to help administer $32 million in financing for small business loans in Nebraska as part of the federal State Small Business Credit Initiative (SSBCI). “We are honored to be selected to help minority small business owners who have previously lacked access to loans that could help sustain their business growth and grow our local economy. These funds are often the only thing standing between a dream and reality for so many underserved small business owners in the Omaha metropolitan area,” said Malinda Williams, President & CEO of Omaha 100 CDFI. Williams says Black, Hispanic and other minority populations still frequently encounter barriers to securing loans for homes and businesses. For example, according to The Kauffman Foundation’s Capital Access Report, Black entrepreneurs are three times less likely to have their loan requests approved than white entrepreneurs.

Farmer Family Pictured from left to right: John Jr., Jordan, John III (Tre), Monique, Aaliyah and John’s Grandmother Theresa. Congratulations to The Farmer Family! John Farmer, III, a graduate of the Omaha North High Class of 2020, successfully completed Basic Military Training at Lackland Air Force Base in San Antonio, Texas Jan. 12. Farmer’s next step is to attend technical school at Keesler Air Force Base in Biloxi, Mississippi, where he will learn the skills necessary to excel in his chosen career field. After completing technical school, John will return to Omaha to finish his bachelor’s degree at the University of Nebraska at Omaha. On behalf of the Omaha community, we extend our sincerest congratulations and wish him all the best in his future endeavors. Thank you for your service!

“Omaha 100 was formed more than 30 years ago to help build equality and equity in homeownership throughout our community. We have forged many positive relationships with nonprofit and financial partners to help thousands of first-time homebuyers achieve their dream of owning a home. Omaha 100 is eager to bring these relationships into the equation to help build more equality in small business lending as well.” The SSBCI funding allocated to Nebraska totals $64 million, with $32 million for business loan programs administered by Omaha 100 and the Nebraska Enterprise Fund, and $32 million for venture capital investments administered by the Invest Nebraska Corporation over the next 3 years. The funding will help business owners like Christi Ballard, owner of Status, a pre-loved luxury handbags and accessories boutique in Omaha. The store also houses products from other local

Publisher’s Pen Terri D. Sanders

entrepreneurs, including TelleResa, two sisters who make hand-poured soy wax candles, 86 West (https://www.facebook.com/official86west/), an oil-based fragrance company and Heriter Gems (https://www.heritergems.com/), a jewelry company. For Ballard, her dream of becoming a business owner has been met by numerous hurdles to capitalize and grow, leaving her to bootstrap the majority of the venture using personal savings and credit from the time she opened her store through present day. With a proof of concept that is profitable and positioned to grow, Ballard said a simple access to capital solution is beyond due for business owners of color. “I know firsthand how better access and equity in loan and investment funding is pivotal to the success of your business. Not to mention, more diverse businesses help the whole community to grow and establish more wealth equity for future generations. Omaha 100 has broken so many barriers for people, but we still have work to do,” said Ballard. Omaha 100 encourages Omaha and Council Bluffs small business owners seeking loan funding to contact them by phone at (402) 342-3773 to learn more about their business lending program and other resources. About Omaha 100 Omaha 100 (http://www.omaha100.org/) is a nonprofit community development financial institution (CDFI) based in Omaha, Neb., expanding financial equity and inclusion for people in the community seeking to achieve the “American Dream.” Omaha 100 helps make owning a home or starting a business accessible to all through financial advocacy and education, with four main lines of financialbased support—mortgage lending, debt consolidation loans, business lending and real estate development. Founded more than 30 years ago with a primary goal of building equity in homeownership, Omaha 100 has helped thousands upon thousands of low and moderate-income families secure homeownership opportunities, many of whom have been firsttime, first-generation homebuyers. •

Covid and variations of this deadly virus continues to haunt the WORLD. Some have had a second round of COVID. Some have what is called “long-haulers”. Which means that there are lingering symptoms of this nasty virus. I pray that we all remain WELL. Here at the Omaha Star we continue to join the world in keeping up with communicating effectively in the community. Be on the lookout for a new and improved website with the ability to share breaking news. If you are not a member of the Omaha Star Network, do join us. There is not another publication that publishes the information that is shared by the Omaha Star. WE have been doing it for the last 85 years! We are looking for families to be the family of the week. We are looking for community events to share. When Mildred Brown started on the journey to publish the good news of our community Omaha was a socially vibrant community. I do not believe that in 2023 we are any less vibrant, but our community activities are spread throughout the city. Help a sister out and share your good news. Call our office at 402-346-4041 or email: publisher@omahastarinc.com. •

do you need printing services? flyers~notecards~invitations programs~posters~t-shirts spiral bound books & more...

Contact us: 402-346-4041 Call to schedule an appointment

If I did not define myself for myself, I would be crunched into other people’s fantasies for me and eaten alive. ~Andre Lorde

MEMBERSHIPS

You have to know that your real home is within. ~Quincy Jones

Digital

DIGITAL DIGITAL

USPS Delivery

USPS DELIVERY USPS DELIVERY

MEMBERSHIPS MEMBERSHIPS


Turn static files into dynamic content formats.

Create a flipbook
Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.
Omaha Star, Vol 85 Issue 3, January 20, 2023, Omaha, Nebraska by The Omaha Star - Issuu