Expanding opportunities in America’s cities

NewCorp

New Orleans, Louisiana
Up to $2 million loan

Awarded

Committed:
2018

The BuildNOLA Mobilization Fund launched in 2016 as a pilot to test the efficacy of a revolving loan pool to support Disadvantaged Business Enterprises (DBEs) working on public sector projects with a focus on African American-owned DBEs. This program-related investment will support a $10 million fully capitalized fund that over the long-term will strengthen disadvantaged businesses’ ability to bid and execute on a pipeline of public contracts, access roles as prime contractors and, over time, build wealth among these business owners and their employees.

 

Project:
BuildNOLA Mobilization Fund

Area Served

Area Served:
New Orleans, LA