Securing Access to Equitable Capital
Black-owned small businesses have faced historical challenges in securing access to capital, contributing significantly to limited financial health, startup capital, and access to credit and profitability. The economic downturn of the COVID-19 pandemic has further exacerbated these financial challenges. The Equitable Small Business Initiative builds on the long-standing commitment of NJCC and the AACCNJ to help address systemic inequities and support the needs of underrepresented communities. The program provides a holistic set of resources to help address the emergent financial needs of minority-owned small businesses, including high-touch and individualized technical assistance, capacity building and administrative support.
The initiative is supported by investments from the Pascale Sykes Foundation, the New Jersey Pandemic Relief Fund, Wells Fargo and the Robert Wood Johnson Foundation.