What did my heart good was the data around our first set of 10,000 clients revealed 27 percent of the funding went to businesses in high minority communities and 22 percent were in low to moderate-income communities (LMI) that we know are traditionally overlooked.
We work nationally with the Association for Enterprise Opportunity (AEO) and their member organizations to infuse small businesses with capital as well as strategic support to grow and sustain.
AEO has programming that provides cash infusions into small businesses, access to e-commerce solutions, online accounting and mentoring to help business owners understand their financial realities, get them loan-ready, and other resources that can bring them peace of mind in these challenging times.
Communities cannot be vibrant or thrive without the resources of large and small organizations and institutions, so that’s important to me.
So far 64 non-profit organizations received a total of $4.325 million for COVID-19 food assistance, medical supplies, small businesses, non-profit operations and servicing low-to-moderate income individuals with funding for various needs like rental payment assistance.
