The Black Economic Alliance Foundation is committed to promoting sustainable economic development for Black Americans. Economic security and wealth creation studies have shown that successful business ownership is a path to economic security and to wealth creation. Yet, there continue to be gaps in funding for Black entrepreneurs from traditional funding sources.
With this in mind, we are launching the Black Economic Alliance Entrepreneurs Fund to provide $50 million of seed, start-up, and early-stage capital to businesses founded and led by Black entrepreneurs. The launch of the Fund is anchored by Wells Fargo with a $20 million commitment to kick-start operations and investments.
