Mayor Cantrell Unveils $5 Mil BuildNOLA Mobilization Fund for Minority Businesses

Photo by Jenn Bentley

On Monday, Mayor LaToya Cantrell unveiled the “new and improved” $5 million BuildNOLA Mobilization Fund, which will provide critical access to capital for disadvantaged businesses in order to help them participate in public infrastructure projects.

When introducing the fund, Mayor Cantrell cited a recent disparity study which found that although minority-owned businesses make up 40 percent of the businesses in the city, they are given only two percent of the city’s contracts. “Clearly a disparity. No one can argue that,” the Mayor stated.

“But in not arguing about it, we had to dig a little deeper in ourselves to see how we were going to meet this need, and touch our people again where the need was the greatest.”

While the BuildNOLA Mobilization Fund has focused on larger New Orleans businesses in the past, this time, Mayor Cantrell says that the fund will be focusing on smaller, minority-owned businesses, giving them the opportunity and the capital that they need to be successful.


“This is again, a step in the right direction.”

Partnering with the city on this initiative are Newcorp Inc., the New Orleans Business Alliance, Liberty Bank, the Kresge Foundation, JP Morgan Chase Foundation, the Foundation for Louisiana, Living Cities, and the Greater New Orleans Foundation.

View the full press conference below:

Jenn Bentley’s work has been featured in publications such as The Examiner, The High Tech Society, FansShare, Yahoo News, and others. When she’s not writing or editing, Jenn spends her time raising money for Extra Life and advocating for autism awareness.

Help Keep Big Easy Magazine Alive

Hey guys!

We’re so grateful to our friends, our families, our neighbors, and especially our readers for chipping in, sharing, and donating to the cause of local progressive media. Your support has lifted us up so much and will most assuredly not be lost or forgotten.

If you care about local independent progressive media in an era where multi-millionaires such as John Georges are monopolizing our local press, then please donate any amount you can to make our operation a success. We can do this! Do not give up.

What else can you do if you’ve already donated and can’t donate anymore? Share our content on Facebook and tell people about our fundraising operation. Call and email others who may be able to give. We believe in you because you believe in us and together we can ensure Big Easy Magazine becomes a progressive icon for New Orleans and an inspiration for the expansion of progressive media around the world.

Thank you,
Scott Ploof
Big Easy Magazine

Share this Article

Things to Do
Add Some Progress to Your Inbox
Big Easy Magazine sends weekly emails to keep you informed about what’s going on in our community and beyond.
We respect your privacy.