Exact Sciences: Commits $500,000 to Urban League Black Business Hub

Exact Sciences announced the company is committing $500,000 to support construction of the Urban League of Greater Madison’s (Madison, WI) Black Business Hub (The Hub) on the city’s south side. Exact Sciences also plans to lease space in the building to connect with job seekers and community organizations, adding the company’s name to a growing roster of public and private sector tenants at The Hub.

“Few organizations are as consistent and persistent as the Urban League when it comes to improving lives and creating economic opportunity,” said Kevin Conroy, chairman and CEO of Exact Sciences. “The Hub will offer formal and informal programming, create new supply chain opportunities for area businesses, and give entrepreneurs a place to call home. We cannot wait to see it open.”

Scheduled to break ground in the coming weeks, The Hub fills an economic development void in the city by creating a place devoted to nurturing, accelerating, and supporting Black and other entrepreneurs of color. The 4-story, 76,000 square foot state-of-the-art center will include: retail and office spaces, co-working and meeting space, a rentable commercial kitchen, and business assistance and mentoring programs.

“The Hub ushers in a new era for Black and minority-owned business development in Madison,” said Dr. Ruben Anthony, Urban League of Greater Madison President and CEO. “It will be a vibrant cultural, business, and community site that invites people to come together to support new businesses and build greater understanding of the challenges and opportunities we all share.”

Equally important, The Hub will also transform opportunities for entrepreneurs by providing new funding sources via loans and grants underwritten by the Urban League of Greater Madison.

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