(BPRW) ‘Empower the Change’ Growth Fund Aims to Close the Racial Wealth Gap

(Black PR Wire) ST. LOUIS & NEW ORLEANS & AUSTIN, Texas & WASHINGTON--(BUSINESS WIRE)-- The Empower the Change growth equity fund is entirely dedicated to providing access to capital to minority-owned businesses, empowering and enabling entrepreneurs of color who are advancing innovation in America.

“As we announced during Black History Month, we are responding to the injustices and inequities we see for small businesses owned and operated by people of color by doing what we – as a venture capital firm and impact investor – do best: deploy capital to underserved and overlooked areas and entrepreneurs,” said Sandra M. Moore, Chief Impact Officer and Managing Director, Advantage Capital. “Last month, we shared our intentions. This month, we are thrilled to launch our brand: The Empower the Change Fund.”

Advantage Capital and the NMSDC Business Consortium Fund have partnered with like-mined investors interested in advancing opportunity for minority-owned businesses, adding two, new limited partners since the initial announcement. These established and authentic investors recognize a step-change is required and that appropriate access to capital can empower entrepreneurs with the resources needed to grow their businesses and build their communities.