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The number of BIPOC businesses grew sharply and so did the racial wealth gap. Why?

Investing patient capital in established BIPOC businesses to close the racial wealth gap.

Published October 27, 2021 in Impact Alpha

Yes, startups led by Black, Indigenous and people of color-owned need growth capital. But meeting the growth and operating capital needs of established BIPOC businesses is also key to closing the racial wealth gap.

Read the full article in Impact Alpha

"With the right capital these businesses would grow to offer (1) significant wealth creation opportunities for the entrepreneur as well as (2) substantial job creation that would create family financial stability and lead to next-generation success."

- George Ashton, Managing Director, LISC Strategic Investments


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