80% of the equity capital needs of Black and Latinx entrepreneurs in Chicago go unmet, compared to 46% of White-owned businesses
There is a gap of at least $146M between supply and demand for equity capital among Black and Latinx entrepreneurship in Chicago
There are too few equity capital providers of scale focused on entrepreneurs of color and providing the type of capital required by their businesses
Of the fund will be invested in Black and Latinx owned companies.
Of the fund will be invested in South and West Side Chicago neighborhoods
Of the fund will be used to invest in Women Entrepreneurs
Cleveland Avenue, the Illinois Growth and Innovation Fund, the Walter Family, Benefit Chicago, private and family foundations, and prominent financial institutions have come together to directly impact Black, Latinx, and women entrepreneurs in Chicago.