County Board likely to approve $2M for purchase of space in Black Business Hub

MADISON, Wis. — Dane County leaders expected to approve Thursday night a $2 million purchase for space in the Urban League of Greater Madison’s Black Business Hub on the city’s south side.

Officials said the county, pending approval, would then lease the portion of the building back to the Urban League to provide economic support.

“We are excited to continue our partnership with the Urban League of Greater Madison in this effort to develop a space where Dane County entrepreneurs of color can gather to gain the support, experience, and skills they need to thrive,” Dane County Executive Joe Parisi said. “This approval brings the Black Business Hub one step closer to completion, with the ultimate goal of helping local entrepreneurs build connections and find community as they work to achieve their goals.”

RELATED: Groundbreaking held for Black Business Hub in south Madison

The Black Business Hub, which broke ground in early April, will provide dedicated spaces devoted to supporting Black and other entrepreneurs of color. Once completed, the 80,000 square foot space will be home to entrepreneurial ventures, retail, other BIPOC-owned businesses, co-working spaces, and more.

“We were able to get the Black Business Hub started because County Executive Joe Parisi immediately committed $2 million towards the project when we described the economic impact that the project would have on the region,” Ruben Anthony, President & CEO of the Urban League of Greater Madison, said. “This commitment has ignited a wide array of support from public and private partners. The Hub will address the disparities that Black businesses face and create an economic support system that will continue to build wealth in the community for multiple generations.”

RELATED: Dane County Board to reconvene for first in-person meeting in 2 years

The County Board was expected to vote on the measure during its first in-person meeting in 2 years Thursday night.

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