How do you define a Black- or minority-owned business?
We define Black- and minority-owned businesses as a for-profit small business concern where socially disadvantaged* individuals own a significant interest (e.g., majority ownership) and also control management and daily business operations.
*African Americans, Hispanics, Native Americans, Asian-Pacific Americans, and Subcontinent Asian Americans are presumed to be socially disadvantaged. Other individuals can also qualify as socially disadvantaged on a case-by-case basis.
How do I know if my business or idea is right for this program?
If you have a great idea, product, service, or business and have always wanted to open a store or expand your current physical footprint, this program is right for you. Today our shopping centers offer our communities everything from the traditional in-mall retail experience to entertainment, medical services, and office space. Whether you’re ready now, or will be within the next 1-2 years, we are thinking out of the box and would love to learn more about your business ideas.
What is a selected business’s commitment, and what exactly is the funding used for?
The commitment we ask of the participants is to be avid about learning and improving upon their business plans, which includes utilizing resources, vetting additional funding to support their growth, and signing a lease. The funding received does not need to be paid back but must be spent on your store build-out and growth of a physical retail location as defined by Brookfield Properties.
What are the different lease options for my physical retail space?
We are committed to working with you to determine what type of physical space and build-out is right for you and your business. While there is flexibility, we anticipate the signing of 1–2-year leases in any of the following store formats:
What are the details of the Retail Workshop?
We have built a network of support through partnering with national and local organizations, banks, businesses, and retail leaders to break down the many barriers in building and expanding a successful business. Starting on July 19, there will be virtual courses to attend over the span of four weeks which will cover many topics crucial to setting up a successful business in a physical retail space. And yes, the Retail Workshop is free for those accepted into the Partner to Empower program — it is our commitment to your success.
What if this program isn’t right for me? Can I still do business with Brookfield Properties?
We are committed to supporting our communities and diversity within our shopping centers across the nation. If Partner to Empower isn’t the right program for you, we can discuss potential business opportunities within our portfolio of more than 170 properties across 43 states. We will continue conversations with you regarding your brick-and-mortar retail goals to explore how we can support your business in other ways. If you would like to discuss opportunities outside of the Partner to Empower program, you can contact us today here.
community partners involved
businesses attending our Retail Workshop