Inclusive Economies

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.

Grants under this strategy will be announced beginning October 2018.
To view other Inclusive Economies grants, please click here.

News
September 17, 2018

Living Cities Blog: Start Up, Stay Up, Scale Up [SU(3)] - Part 2

Albuquerque – along with San Francisco and New Orleans – are a part of a Living Cities’ cohort intended to tackle entrepreneurial barriers for people of color. The initiative–named Start Up, Stay Up, Scale Up –is designed to connect…

News
August 1, 2018

Living Cities Blog: Start Up, Stay Up, Scale Up [SU(3)] - Part 1

New Orleans – along with Albuquerque and San Francisco–are a part of a new Living Cities’ cohort intended to tackle entrepreneurial barriers for people of color. The initiative–named Start Up, Stay Up, Scale Up –is designed to connect…

Reports & Publications
January 25, 2017

Woodstock Institute Report: Patterns of Disparity

Woodstock Institute’s recently released report, "Patterns of Disparity: Small Business Lending in the Chicago and Los Angeles-San Diego Regions," examines the effects of disparate access to traditional bank small business loans in Chicago as…