LISC's Black Economic Development Fund Partners with New Jersey FAM Fund to Invest up to $25 M in NJ

Partnership to Provide Greater Access to Capital for the State’s Black and Latinx Businesses

Original Press Release October 20, 2021 08:46 ET | Source: New Jersey FAM Fund on Global Newswire

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Newark, NJ, Oct. 20, 2021 (GLOBE NEWSWIRE) -- The New Jersey “40 Acres and a Mule” Fund (NJ “FAM Fund”), a private investment vehicle established to reduce socio-economic disparities resulting from systemic racism, announced today a partnership with the Local Initiatives Support Corporation’s (LISC) Black Economic Development Fund (BEDF) to enable co-investment opportunities in New Jersey.


“Supporting minority businesses is imperative and we are thrilled to be a part of this partnership and to continue supporting local opportunities,” said George Ashton, Managing Director, LISC Strategic Investments. “The partnership will amplify efforts to improve access to capital for Black businesses and strengthen economic opportunity for Black communities in New Jersey.”


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