FEBG invests in an entire ecosystem that supports entrepreneurs of color.
That ecosystem comprises partnerships with Business Service Organizations (BSOs), innovative capital providers, worker co-ops, creators of data collection platforms that more efficiently collect and analyze key data, and human-based ecosystem designers.
Small Business Financial Fundamentals Program
FoodLab Chicago 4.0
Expanding Minority Business Access (EMBA) – Year Three
Women’s Business Development Center and other partners are overseeing Expanding Minority Business Access – Year Three, which works with BSOs to broaden their knowledge of private and public sector contracting so they can give minority business owners access to new markets, more capital, and additional contracting opportunities.
Elevate Energy, Business Services Collective, and Sustainable Options for Urban Living formed the Lightbulb team to expand the opportunity for construction businesses to participate in the growing clean energy economy by giving contractors services such as bookkeeping and project management support.
Basic Financials for Business
In partnership with the Chicago Inventors Organization and Greater Englewood Chamber of Commerce, the Greater Southwest Development Corporation is uplifting South and Southwest Side entrepreneurs of color via Basic Financials for Business. The program teaches and supports business owners to fiscally manage their businesses and create successful strategies that support sustainability in the community.
Bronzeville Culinary Connection
The Bronzeville Culinary Connection, an initiative by the Urban Juncture Foundation and a coalition of partners, identifies and nurtures Black culinary professionals by expanding the culinary infrastructure in the Bronzeville neighborhood, providing access to culinary equipment, and advising entrepreneurs on ways to develop their culinary enterprise.
Community Business Academy and The Artisans Collective
Xquina Entrepreneurial Ecosystem
The Xquina Entrepreneurial Ecosystem is a partnership between the Foundation of Little Village and other BSOs to build community wealth in Little Village by equipping local entrepreneurs with culturally relevant Spanish-language training, mentorship, tools, and capital support to help expand their businesses.
Financial Dashboard Course
Entrepreneur in Residence, Connect 2 Capital, and Business Growth Services
The Southland Development Authority manages three small business support programs, Entrepreneur in Residence, Connect 2 Capital, and Business Growth Services, as part of its Supporting Southland Small Businesses initiative to support Black and Latinx entrepreneurs by offering direct technical assistance and expanding their access to equity capital and debt capital.