BMO to invest $650,000 in Madison, Wisconsin

Today, BMO Financial Group disclosed a $650,000 investment in a number of Madison community initiatives and groups. These donations will benefit the Black Business Hub of the Urban League of Greater Madison, The Center for Black Excellence & Culture, and the McKenzie Workforce Development Center of the Boys & Girls Clubs of Dane County.

The Black Business Hub of the Urban League of Greater Madison will receive $250,000 from BMO over the course of five years. The Hub will act as a business incubator for startups founded by people of colour.

It will act as an economic anchor, bringing resources to the region and opening doors for job creation, social advancement, and company expansion. 200 Black-owned firms and entrepreneurs will receive support from The Hub, which will also teach Black real estate developers and generate or move more than 150 jobs.

BMO will also provide $250,000 to The Center for Black Excellence & Culture over the course of five years. The Center will house a cutting-edge performing and visual arts centre, a cultural hub, a coworking space, and a location for corporate innovation.

The Center will make sure that Dane County is a place where gifted Black people may establish their professional lives, start families, and support the regional economy. In order to involve the entire Madison community and support the Black community, it will provide special, multigenerational programming.