Promoting Thriving Families and Equitable Communities through Small Business Lending in Detroit

Jun 10, 2019
  • Description

Like many U.S. cities, the majority of Detroit's residents – 86% – are people of color. Unlike many cities, more than 50,000 own small businesses, making Detroit the fourth largest city in America for entrepreneurship by individuals of color. Though they are major drivers of economic growth in the area, Detroit's entrepreneurs of color struggle to secure the financing necessary to start or grow their businesses.