News & Updates

MEIJER & RPC ANNOUNCE PARTNERSHIP FOR ECONOMIC RACIAL EQUITY

Meijer, the Midwest supercenter, and Rende Progress Capital [RPC], a racial equity loan fund and emerging Community Development Financial Institution [CDFI] announce an investment partnership to enhance small business lending, programs and services to small businesses of color in order to eliminate the racial wealth gap and barriers that they face in access to conventional loans. Meijer is investing $500,000 in RPC to provide racial-equity focused small business loans to Excluded Entrepreneurs---business owners of color---within Kent County [Michigan] and other markets. Excluded Entrepreneurs are businesses of color who statistically represent – and are impacted by – the racial wealth gap,

© 2016      Rende Progress Capital
                  818 Butterworth Street SW
                  Grand Rapids, MI 49504

 

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