As the pandemic took hold, it become clear that organizations and individuals were going to need additional support to weather the social and economic impacts. To help local entrepreneurs transition successfully, Capital Impact created innovative emergency funding opportunities so that community-based organizations could remain viable.
Entrepreneurs of Color Fund
We deployed $200,000 in emergency grant funds to our Entrepreneurs of Color Fund (EOCF) partners in the D.C. Metro area: Wacif and LEDC. Both organizations are dealing with unprecedented requests from their small business clients for loan restructuring or forbearance. These grant funds allow them to provide additional flexibility to their borrowers, which have had to substantially alter the way they do business during this time.
DMV GFF Innovative Response Fund
Capital Impact launched its DMV Good Food Fund (DMV GFF) Innovative Response Fund, providing $100,000 in awards to key partners in order to sustain and stabilize mission-aligned good food enterprises in the Washington Metro area. Given with the generous support of the William R. Kenan, Jr. Charitable Trust, the awards allow local good food enterprises to reposition and pivot in response to the COVID-19 pandemic and its impacts on the regional food economy.
►Learn about the Response Fund Awardees