Business Start-up & Growth

The Outcomes We Seek

  • Increased Access to Capital

    We aim to influence the flow of financial capital to better meet the business growth needs within communities of color.

  • Reformed Procurement Practices

    We aim to accelerate the growth of existing and established businesses owned by people of color by making opportunities to attain contracts with public agencies, anchor institutions and other large entities more accessible.

  • Improved Business Support Systems

    We aim to strengthen the effectiveness, accessibility, and capacity of support networks available for business owners and entrepreneurs of color.

We believe that increasing the number and percent of stable and established firms owned by people of color will lead to the longer-term outcomes of greater income, stronger influence, and wealth creation for these communities, enabling them to more fully participate in the economy.

To achieve these outcomes, we aim to increase the amount of capital that people of color-owned firms can access, as well as explore opportunities to change the racial and gender dynamic of investors. This aspect of our strategy is critical, because despite founders of color having high-potential business models, they are commonly overlooked for growth capital often due to implicit biases and a lack of cultural understanding of their products and potential markets.

We will target anchor institution strategies, corporate initiatives and shifts in government policy that create more opportunities for firms owned by people of color to generate revenue and scale operations. Additionally, we continue to value targeted support systems for people of color that nurture entrepreneurs’ growth through mentors, capital, skill development and information.

Selection Criteria

Improvements to Investing

We will support efforts that change the lens through which investment decisions are made and will explore opportunities to change the racial and gender dynamic of investors by supporting early-stage fund managers of color and funding leadership development opportunities designed to diversify the finance sector.

Inclusive Institutional Change

We will support initiatives that aim to shift the policies that guide procurement within large institutions to be more inclusive.

Professional Development Programs

We will support projects that build professional networks and organizations that help people of color scale their businesses and more fully participate in high-growth sectors.

Business Start-up & Growth

You can see recent Business Start-up & Growth grants below.

And browse all of our Inclusive Economies grants in our database.

 

Year Approved
Organization
Status
Amount
Duration
2022 Cincinnati USA Regional Chamber Foundation Path Created with Sketch.

The purpose of this grant is to build capacity to support a breakthrough CDFI fund, while beta testing for expansion of mergers and acquisitions to create larger-scale MBEs, as well as the potential multi-city replication of Cincinnati USA Regional Chamber Foundation’s core business model.

Active $400,000 24 months
2022 Hillman Accelerator Path Created with Sketch.

The purpose of this grant is to support underrepresented markets and entrepreneurs who are building sustainable early and growth-stage businesses positioned to be market makers or dominators. Lightship provides remarkable founders the resources and direction their businesses need to scale.

Active $600,000 36 months
2022 Institute for Entrepreneurial Leadership Path Created with Sketch.

The purpose of this grant is to provide general operating support to build IFEL’s capacity to launch the Women of Color Connecting Capital Access Accelerator and raise a pool of friendly capital to fund women of color entrepreneurs.

Active $100,000 12 months
2022 Black Gravity Path Created with Sketch.

The purpose of this grant is to provide general program support to Black Gravity.

Active $50,000 12 months
2022 Latino Business Action Network Path Created with Sketch.

The purpose of this grant is general operating support.

Active $440,000 24 months
2022 Opportunity Finance Network Path Created with Sketch.

The purpose of this grant is general operating support.

Active $250,000 24 months
2022 Washington Area Community Investment Fund Path Created with Sketch.

The purpose of the grant is general operating support.

Active $250,000 36 months

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You can see recent Business Start-up & Growth grants below.

And browse all of our Inclusive Economies grants in our database.

 

Year Approved
Organization
Status
Amount
Duration
2022 Cincinnati USA Regional Chamber Foundation Path Created with Sketch.

The purpose of this grant is to build capacity to support a breakthrough CDFI fund, while beta testing for expansion of mergers and acquisitions to create larger-scale MBEs, as well as the potential multi-city replication of Cincinnati USA Regional Chamber Foundation’s core business model.

Active $400,000 24 months
2022 Hillman Accelerator Path Created with Sketch.

The purpose of this grant is to support underrepresented markets and entrepreneurs who are building sustainable early and growth-stage businesses positioned to be market makers or dominators. Lightship provides remarkable founders the resources and direction their businesses need to scale.

Active $600,000 36 months
2022 Institute for Entrepreneurial Leadership Path Created with Sketch.

The purpose of this grant is to provide general operating support to build IFEL’s capacity to launch the Women of Color Connecting Capital Access Accelerator and raise a pool of friendly capital to fund women of color entrepreneurs.

Active $100,000 12 months
2022 Black Gravity Path Created with Sketch.

The purpose of this grant is to provide general program support to Black Gravity.

Active $50,000 12 months
2022 Latino Business Action Network Path Created with Sketch.

The purpose of this grant is general operating support.

Active $440,000 24 months
2022 Opportunity Finance Network Path Created with Sketch.

The purpose of this grant is general operating support.

Active $250,000 24 months
2022 Washington Area Community Investment Fund Path Created with Sketch.

The purpose of the grant is general operating support.

Active $250,000 36 months