June 2023 Grantmaking: Entrepreneurship
June, 2023
The Coleman Foundation’s funding in entrepreneurship is centered on increasing economic opportunity by investing in entrepreneurship education. In June, Coleman’s Board of Directors approved $480,000 in grants awarded across eight organizations that strive to eliminate barriers to success for entrepreneurs who reside in low- and moderate-income communities. The Q2 docket reflects commitments made towards executive leadership education for small business owners, convening opportunities for grantee partners, and growing staff capacity at business support organizations.
The Foundation is proud to welcome four new organizations into the entrepreneurship portfolio.
- New Covenant Community Development Corporation serves North Lawndale’s aspiring and established entrepreneurs and provides an in-demand business financial dashboard program to entrepreneurs across Chicago.
- South Shore Community Development Corporation focuses on the development of 71st Street and the 71st With both public and private partnerships, South Shore Community Development Corporation is preparing for a residential and tourism boom with new economic investments, specifically the new Obama Presidential Center.
- Greater Chatham Initiative serves South Side Black restaurateurs through its FoodLab educational series and Soul Delivered, a community-driven food delivery platform to connect Black restaurants with Chicago’s South Side residents.
- Southland Development Authority, provides a multitude of advising and technical assistance, is piloting a program that provides a pathway to entrepreneurship through the acquisition of existing businesses.
