$1MM Small Business Fund Investment Highlighted as one of Massachusetts 2022 Top Healthcare Stories
LISC Strategic Investments Team- Jan 7, 2023
- 1 min read
(1/3/2023) Read the full article by the Boston Business Journal.
The effort to boost equity in the healthcare industry was recognized as one of Massachusetts' biggest healthcare stories in 2022 with the Boston Children's Hospital, Dana-Farber Cancer Institute, and BayCoast Bank investing $1 million in LISC Strategic Investment's Massachusetts Small Business Growth Fund.
The Small Business Growth Fund aims to address unmet demands in capital access for Black, Latino, and Indigenous-owned businesses based in Massachusetts. Entrepreneurs of color in Massachusetts have an unmet capital demand estimated at $574 million annually. Learn more on LISC Strategic Investment's website about the Small Business Growth Fund.
Investment in community health matters tremendously. This initiative reminds me how housing stability impacts wellbeing. So RNPL solution service frequently helps workers and small business employees secure housing near work. When communities support both health services and housing solutions, everyone thrives - proving that strategic investments in people create ripple effects far beyond balance sheets.