Successful entrepreneurs feted
Mercedes Austin leads a tile-making business. Kristinah Dvorak runs a walk-in child-care business. And Lisa Lounsbury has started an art-therapy business. They were honored Friday at WomenVenture’s 24th annual “Women Mean Business” expo in Minneapolis.
WomenVenture, a nonprofit SBA-certified business center, teaches, consults and helps finance entrepreneurs.
Austin, a tile artist, quit a waitressing job several years ago to go all in on Mercury Mosaics. It is now a 33-employee design-and-manufacturing company that topped $2.2 million in revenue last year.
Austin, 42, took WomenVenture’s ScaleUp business development class in 2015.
Dvorak, the “emerging business award winner,” is owner of Hour Kids Walk-In Childcare in Eagan. Between being a mom and a full-time student, Dvorak knew there was a need for flexible, reliable child care in the Twin Cities. Her solution was a center that cares for children on a walk-in basis, with availability by the hour.
Lounsbury was honored as a social entrepreneur. She combined her passion for art and her skill as a therapist to start Art Lab Rx, an art therapy business. She helps clients overcome barriers by taking her 45-foot retrofitted mobile art studio to those who lack transportation.
Forty-year-old WomenVenture helped nearly 1,200 women over the last year through classes, loans and consulting services.
Neal St. Anthony
MDI, Medtronic, others form coalition to support hiring workers with disabilities
MDI, the light manufacturer that employs a workforce of nearly 50% people with disabilities, Medtronic and Special Olympics of Minnesota have launched the Unified Work Coalition
The purpose of the organization — announced during October, which is National Disability Employment Awareness Month — is to advance employment opportunities for people with disabilities.
In Minnesota, people with disabilities are nearly three times more likely to be unemployed than the general population, according to a 2017 report from the Minnesota State Demographic Center.
MDI, a nonprofit that makes corrugated and custom-plastic packaging and provides environmental services, is a leader in the movement to recognize the vital workplace contributions of people with disabilities and highlight the opportunity for industry to hire more, particularly at a time of worker shortages.
The coalition also includes 3M, Andersen Windows and Doors, the Arc Minnesota, DPI Staffing and Opportunity Partners. They will work on sustainable employment models based on experience, and assist businesses with hiring and support.
Employees with disabilities tend to be dedicated workers, MDI’s experience shows.
Minneapolis-based MDI this year expanded its Northeast facility from 80 to 120 people. Over the past couple of years, it has invested nearly $10 million to upgrade and expand plants, including in Hibbing, Grand Rapids and Cohasset.
MDI employs more than 500. All are paid at least minimum wage, and factory wages can rise to $15 an hour.
Neal St. Anthony
Debit card is tailor-made for hourly workers
Branch, which offers paycheck advances and other financial services, has introduced a debit card and fee-free digital checking account to clients.
The new services are in partnership with Mastercard and Evolve Bank & Trust.
The debit-card clients will receive payday advances with no fee. Branch claims to be the first of several “early wage access” competitors to offer the advances at no cost.
“We’ve seen that once an hourly employee joins the workforce, their employer is their first entry into the financial system,” said Atif Siddiqi, CEO of Branch, which used to be Branch Messenger. “Given their income volatility and limited access to the support they need, we want to provide hourly workers a strong start on their financial journey and offer services that help them improve their financial wellness and save.”
Branch works with employers to extend its benefits to hourly workers. That way, the company knows the schedules of potential clients, and those clients can receive pay soon after their shifts end.
The alternative to the Branch-issued debit card and account is for workers at those employers to give Branch their bank account information. For a fee, Branch takes out the amount of the advance on payday.