Entrepreneurship: Fueling Dreams, Building Futures
At the McMillan Family Foundation, we recognize entrepreneurship as a powerful engine for economic growth, community revitalization, and personal empowerment. Starting and growing a business creates jobs, generates wealth, and fosters innovation—helping individuals and communities achieve long-term stability and prosperity.
Why Entrepreneurship Matters
Small businesses are the backbone of the American economy, accounting for nearly 44% of U.S. economic activity and employing over 47% of the workforce.¹ However, many aspiring entrepreneurs face significant barriers including lack of access to capital, mentorship, and business education.
- 70% of small businesses fail within the first 10 years, often due to inadequate funding or planning.²
- Minority-owned businesses are less likely to receive traditional bank loans, limiting growth opportunities.³
- Entrepreneurship can be a key pathway to generational wealth and community revitalization when supported effectively.
Our Programs & Support
Empowerment Microgrant Program
Provides seed funding and mentorship to help entrepreneurs launch or expand their businesses, breaking down financial barriers and fostering sustainable growth.
Entrepreneurship Workshops and Training
Offers skill-building in business planning, marketing, financial management, and leadership to equip entrepreneurs with the tools needed for success.
Networking and Mentorship Opportunities
Connects entrepreneurs with experienced business leaders, industry experts, and peers to foster collaboration, guidance, and growth.
Entrepreneurship Incubator Program (Coming Year 3)
Will provide intensive training, funding, and business network access to accelerate startups and scale promising ventures.
Our Commitment
By nurturing entrepreneurship, the McMillan Family Foundation empowers individuals to take control of their economic futures, create jobs, and uplift their communities. We envision a thriving ecosystem where diverse entrepreneurs have the resources, knowledge, and confidence to innovate and succeed.
¹ U.S. Small Business Administration, 2023
² Bureau of Labor Statistics, 2023
³ Federal Reserve Report on Minority-Owned Businesses, 2023
