More than $1.8 Million Raised to Address Barriers Faced by Entrepreneurs of Color in Baltimore
March 05, 2020
Six local organizations have received grants totaling $775,000 from the Baltimore Small Business Support Fund in a collaborative effort to help entrepreneurs of color overcome obstacles to starting and growing businesses in Baltimore City and the surrounding region. “Baltimore Community Foundation has committed a portion of our investment portfolio to impact investing in Baltimore, but to deploy those funds effectively we need a CDFI community that can meet the needs of small businesses in Baltimore. The Small Business Support Fund will enable the technical assistance and credit enhancement needed for a thriving small business community, particularly those businesses created by people of color who have been denied access to traditional forms of capital,” says Patti Chandler, vice president of finance at BCF.