Press Release

FOR IMMEDIATE RELEASE

CONTACT:
Lahesha Williams
Marketing Director
312-287-5500
lwilliams@calebbrownonline.com


Urban VC Provides Monetary Grants to Promote Jobs

Chicago, IL (BlackNews.com) - Caleb Brown Venture Capital and Consulting, a Chicago-based, minority-owned VC, has announced a new community business grant program. Caleb Brown will award up to $12,000 cash and more than 6,000 consulting hours over the next year to 12 national business enterprises. Prospective grantees are business owners who have been open for less than three (3) years and have made a commitment to hiring full-time, part-time, or intern staff over the next 12 months.

While the national unemployment rate's climb to 9.4% (Bureau of Labor Statistics) has been widely publicized, few media outlets have focused on the black unemployment rate which current statistics show hovers at over 14% as of July 31, 2009. Caleb Brown has chosen to take a proactive stance in our mission of job creation by investing both monetary and intellectual capital into growing small businesses.


Caleb Brown has set the goal of helping to create 100 new community jobs by the end of 2010. "We understand that this achievement can only be reached by working with our clients and partners to create strong revenue driven business models," stated Dennis Howell, President and CEO of Caleb Brown Venture Capital. Mr. Howell adds, "From day one our mission has been to find, promote, and nurture young urban entrepreneurs with vision who understand that small business creation is one of the key components required to rebuild local blocks, neighborhoods, and communities by providing training and jobs to the next generation."

Community Grant Applications are available online at: www.calebbrownonline.com


About Caleb Brown:
Caleb Brown Venture Capital and Consulting, LLC is a minority-owned venture capital group that provides access to seed money up to $150,000 to small businesses throughout the country by taking a hands-on approach to grooming aspiring entrepreneurs in the areas of cash management, sales training, real estate basics, and networking.