With a generous $20 million donation from Wells Fargo, LISC LA has established Asset Building for Communities of Color (ABC) Program. This initiative has been created to help diverse small business owners across the County of Los Angeles unlock their potential to grow, scale, create jobs, and fuel wealth creation.
The Asset Building for Communities of Color (ABC) Program will provide growth capital to diverse business owners across the County of Los Angeles. LISC LA will distribute the capital with the following goals:
To produce asset building, ownership, and generational wealth opportunities for diverse business owners that are located in Los Angeles County;
- To support the economic recovery and resiliency of diverse businesses;
- To avoid displacement of diverse businesses and residents; and
- To create opportunities for cooperative ownership and alternative wealth-building vehicles.
The program is currently being developed and details will be finalized by the summer of 2022. We encourage you to check back for more information regarding eligibility and how to apply.
Learn more on website.