Impact Investments 2020 (1 year)

Impact Investments

The organization, which seeks to mobilize people, ideas, organizations and resources to advance equity and opportunity in the Chicago region, is host to the Fund for Equitable Business Growth. This funder collaborative aims to markedly improve the sustainability and growth of entrepreneurs of color in the Chicago region by funding experienced business support organizations that provide technical assistance and business consulting to assist with crisis recovery and longer term challenges, with a particular emphasis on Black and Latinx entrepreneurs. MacArthur support for this collaborative effort boosts the capacity of business support organizations that are already generating results and impact within the existing Chicago entrepreneurial ecosystem, thus enabling these organizations to move with scale and speed in providing mentorship, specialized business services and access to networks for entrepreneurs of color in the Chicago region during this time of crisis. The fund aims to support at least 4,000 small businesses from underserved communities, including Black-, Latinx-, or Women-owned small businesses and small businesses in low- and moderate-income areas.