Minnesota will host its first-ever youth business camp designed specifically for Black entrepreneurs this summer. The “I’m a Boss” Youth Business Camp launches July 9-11 at Bethel University. This groundbreaking program aims to close the wealth gap by teaching young people essential business skills.
The camp addresses a critical need in Minnesota’s business landscape. Currently, only about 2,500 businesses in the state identify as Black-owned, despite having nearly 6 million Black residents according to 2024 Census data. This stark disparity highlights the importance of creating opportunities for Black youth to enter entrepreneurship.
Breaking Barriers in Black Business Ownership
LeBrent Speed founded the camp after recognizing a gap in youth programming. While summer camps exist for arts and sports, few focus on business development. Speed wanted to create a space where young dreamers could turn their business ideas into reality.
“I saw summer camps for the arts or basketball training,” Speed explained. “I wanted a space for young dreamers with business plans.” His vision stems from his work with the Better Black Business Project (B3P), a professional network supporting Black entrepreneurs. The organization has grown to 120 members, all committed to empowering Black businesses across Minnesota.
Comprehensive Business Education for Young Entrepreneurs
The camp features over 15 expert presenters covering diverse business topics. Participants will learn about credit management, financial planning, real estate investment, and skilled trades. These sessions provide practical knowledge that young entrepreneurs can immediately apply to their ventures.
Additionally, 15 to 20 volunteers will mentor campers throughout the program. These mentors will share meals with participants, offer guidance, and build lasting relationships. “We have volunteers who will just be there with them going through the courses, eating lunch and breakfast with them, just hanging out sharing stories, information access and mentorship,” Speed noted.
Real Success Stories from Young Business Owners
Ella Beard, a teenage visual artist and owner of Vibe Art, exemplifies the camp’s target audience. She plans to use the program to expand her business knowledge and connect with like-minded peers. “I’m hoping to learn about investment and just growing and putting back into my business,” Beard shared.
Her enthusiasm reflects the camp’s potential impact on Minnesota’s next generation of entrepreneurs. The program creates an environment where young people can learn from successful business owners who look like them. This representation matters significantly in building confidence and inspiring future success.
Building Networks That Create Lasting Change
The camp focuses heavily on relationship building and networking opportunities. Participants will connect with established entrepreneurs, potential mentors, and fellow young business owners. These connections often prove invaluable as businesses grow and face new challenges.
Speed emphasizes that B3P’s mission extends beyond individual success. “Our focus is how do we support Black entrepreneurs and close the wealth gap by empowering Black businesses,” he explained. The camp serves as a crucial step in achieving this broader goal of economic empowerment within Minnesota’s Black community.
Future Impact on Minnesota’s Business Landscape
The “I’m a Boss” Youth Business Camp represents more than a three-day program. It signals a commitment to changing Minnesota’s business demographics for the better. By investing in young Black entrepreneurs now, the state can expect to see more diverse business ownership in the coming years.
Speed continues seeking sponsors to support the program’s growth and sustainability. The camp’s success could inspire similar initiatives across the Midwest and beyond. More information about the program is available on the camp’s official website, where interested parties can learn about participation and sponsorship opportunities.
