Stephanie Swepson Twitty, CEO of Eagle Market Streets Community Development Corporation, CDC announces the launch of the Community Equity Fund (CEF), an innovative opportunity for small businesses.
With a generous award from the Dogwood Health Trust Foundation, the fund is being created as a virtual family of support, drawing on donors who are specifically committed to building racial ownership.
“Looking beyond startups, over 90% of the Black-owned businesses in the area are owner, operators or sole proprietorships who find financing to hire their first employee a consistent challenge,” said Swepson Twitty. “Each investment from this “evergreen” fund repays itself over a five-year period. The idea of giving to invest, not just giving, is common in other countries but is seldom used in the United States.”
For more information, visit https://eaglemarketsts.org.