A new summer camp in Minnesota is helping young Black entrepreneurs turn their dreams into reality. The first-ever “I’m a Boss” Youth Business Camp kicks off in July, offering teens hands-on lessons in credit, real estate, trades, and branding.
Founded by LeBrent Speed, the camp aims to close the wealth gap by empowering Black youth with business skills. “Our focus is how do we support Black entrepreneurs and close the wealth gap by empowering Black businesses,” Speed told CBS News.
Why This Camp Matters for Black Youth
Minnesota has nearly 6 million Black residents, but only about 2,500 Black-owned businesses, according to 2023 data. Speed, who also runs the Better Black Business Project (B3P), saw a need for more opportunities.
“We have over 15 presenters on credit, finances, real estate, and trades,” Speed said. “Plus, 15-20 volunteers mentoring the kids.” The camp isn’t just about lectures—it’s about building real connections.
What Teens Will Learn at the Camp
The three-day program at Bethel University (July 9-11) covers everything from managing money to launching a brand. Campers will also network with successful Black entrepreneurs.
One attendee, Ella Beard, owns a visual art business called Vibe Art. “I want to learn about investing and growing my business,” she said. “Being around other young entrepreneurs will help me.”
How the Camp Plans to Grow Black Businesses
Speed’s B3P network already has 120 members supporting Black-owned businesses. The camp is another step toward creating generational wealth.
Sponsors and volunteers are still needed to expand the program. Speed hopes this is just the beginning of a movement. “We’re here to inspire the next wave of Black business leaders,” he said.
For more details, visit the “I’m a Boss” Youth Business Camp website.
