The Built2Last Equity Development Fund Impacts Minority Community

***FILLER CONTENT***Minority Equity Capital Fund will provide needed capital to help minority-owned businesses create jobs and expand in Durham’s business community

Our goal is to help minority businesses obtain capital to fuel growth and spur job opportunities in underserved and under-resourced communities often overlooked by investors and traditional funding sources.

Too often, small, minority-owned businesses struggle to obtain financial backing to fuel their ideas and innovations, and that problem has only increased during the pandemic. Yet, these same entrepreneurs are often the greatest source of economic opportunity in their communities, especially in underserved and under-resourced areas that struggle to attract major service providers, retailers and other community-sustaining employers. With this fund, we can help minority job creators overcome barriers to their growth and success and ensure that the benefits of our post-pandemic economic recovery are shared more equitably.

The fund will be available as a resource to minority businesses, which have historically been denied bank funding in disproportionate numbers and often lack the initial equity and capital to grow and sustain their small businesses.

• (EXAMPLE) Spent $xx,xxx with diversity-certified suppliers in 20xx alone, growing its total spend with diversity-certified suppliers more than xx percent from 20xx-20xx.

• (EXAMPLE) Established a Mniority Equity Task Force designed to eliminate barriers and create opportunities for employees, vendors, and customers within the Durham community.

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