One Stop Shop for Black Owned Businesses
Calling All San Franciso Entrepreneurs!
Working Solutions has partnered with JPMorgan Chase and fellow nonprofits ICA Fund Good Jobs and Pacific Community Ventures to launch the Entrepreneurs of Color Fund in San Francisco.
As part of a $150 million Small Business Forward program to help women, communities of color, and veteran entrepreneurs, JPMorgan Chase will invest $3.1 million in this collaboration in San Francisco.
Investing in small business combats rising income inequality by creating jobs with living wages, and yet, small businesses owned by people of color struggle to access the capital and consulting support they need to grow and thrive.
The San Francisco Entrepreneurs of Color Fund aims to close that gap with a range of services designed to spur the growth and profitability of companies owned by people of color. The fund provides San Francisco businesses with capital to support businesses from start-up to scale-up. Fund partners also offer financial advice, one-on-one mentoring, and practical business education
“Through this collaborative approach, we will provide loans and investments along a continuum of capital – starting from $5,000 – to reduce the chronic undercapitalization faced by entrepreneurs of color in our community, said Sara Razavi, Interim CEO and former COO at Working Solutions. “Our goal is to meet entrepreneurs of color ‘where they are’ with tailored resources and consulting to create sustainable businesses, good local jobs, and thriving, inclusive neighborhoods in San Francisco.”