New fund will help small business owners in Baltimore
February 13, 2019
Baltimore small business owners will soon start getting advice and assistance to help them take their businesses to the next level through The Baltimore Small Business Technical Assistance Fund hosted by BCF with support from the Surdna Foundation, the Annie E. Casey Foundation, JP Morgan Chase, PNC Bank, and other partners.
The Baltimore Small Business Technical Assistance Fund at BCF was created by The Annie E. Casey Foundation to support small business development organizations by funding organizational and leadership development, the implementation of sustainable growth strategies, the improvement of a client delivery, and the expansion of reporting and data management capabilities. The fund has grown out of a recognition that many small business owners in Baltimore are eager not only for capital investment, but also to learn the strategies necessary to build a long-lasting successful business.
The fund fills a niche within Baltimore’s business lending landscape that includes BCF’s Invest for More, which makes selected investments in companies, organizations, and funds with the intention of generating a measurable, beneficial social impact in our Baltimore region. In addition to BCF’s Invest for More, JP Morgan Chase recently announced another impact investing fund that will provide over $3 million in lending to small businesses in the area.
Learn more about Invest for More.