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andra M. Moore is managing director and chief impact officer at Advantage Capital. The firm focuses on high growth and high wage business investing in communities where access to investment capital has historically been hard to find.
Businesses in the United States owned by Black and Brown entrepreneurs typically begin with just one-third the capital of the typical White entrepreneur-owned startup, and as a result, receive far fewer investment dollars because they lack collateral. How can entrepreneurs of color gain greater access to capital and resources to grow and build their businesses, and ultimately have a greater impact on the local communities where they live. *What are the measurable outputs and outcomes of impact investing in businesses located in distressed areas, and how are we pushing the envelope of what’s possible to set the industry standard? *What is the power and potential of public-private partnerships that can help fund minority owned businesses that often lack equitable access to capital; how are we advancing the legislative landscape for local economic development?
The fact that minority-owned businesses traditionally face highly uneven access to investment capital, therefore start out with a significant disadvantage in many cases. *Through leveraging government incentives, there are alternative investment dollar alternatives for small businesses that lack collateral or are deemed higher risk because they are located in distressed or rural areas. *Impact investing in distressed and rural communities can have profound effects on people’s lives, including the creation of higher paying jobs, more wealth opportunities and benefits for workers, and career training.
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