Asset Building for Communities of Color Fund
Asset Building for Communities of Color (ABC) Fund
In 2021, Inclusive Action partnered with LISC LA to support small businesses in Los Angeles through a special initiative called Asset Building for Community of Color (ABC) Fund. With support from the Wells Fargo Foundation, LISC LA and Inclusive Action for the City are working together to make sure that entrepreneurs in low-income neighborhoods of Los Angeles can thrive.
This initiative is facilitating the availability of a number of resources to support small businesses in the region. Inclusive Action is leading the administration of a special micro-loan program for entrepreneurs and is connecting entrepreneurs to a special grant program administered by LISC LA that is helping small businesses owners acquire real estate for their operations.
As our community’s entrepreneurs emerge out of the COVID-19 pandemic, low-interest capital and grants are crucial to our region’s economic stability.