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Impact Investing
In 2018, our Board of Directors adopted Economic Mobility and Persistent Poverty as the primary focuses of its work in the community. The Foundation has adopted a holistic definition of economic mobility that goes beyond economic success to include personal autonomy and sense of belonging.
Against this backdrop, the Board voted to allocate $1M to a local impact investing strategy to support its overall goal of creating opportunities for economic mobility in the Chattanooga area. We identified entrepreneurship as a powerful mechanism for wealth creation and mobility. With these values in mind, and together with local partners, we have created the Accelerator Loan Fund and Chattanooga Impact Capital Fund for local entrepreneurs.
Chattanooga is always evolving and so too are the needs of our city.
We're still working to transform generosity into lasting impact.
Affordable Housing
Safe and affordable housing is a key feature of environments that promote economic mobility for all.
Exciting updates coming soon!
Accelerator Loan Fund
The Accelerator Loan Fund assists the growth and development of successful small business enterprises in the Chattanooga/Hamilton County community.
In partnership with LAUNCH Chattanooga and Tennessee Valley Federal Credit Union, the Accelerator Loan Fund works to provide low-interest rate loans to entrepreneurs who would otherwise not have the opportunity to seek such capital. As entrepreneurs go through the loan application process, they are exposed to new banking and business relationships. Once approved, they are given an advisor who will walk with them for the next year of their business to provide wisdom, thought leadership, and insight.
Once approved, the entrepreneur is given an advisor who will walk with them for the next year of their business to provide wisdom, thought leadership, and insight. At the end of the loan term, the goal is for each entrepreneur to be able to access new sources of capital from other investors and other financial institutions. The Accelerator Loan Fund Program exists to provide access to capital and to increase social capital and pathways to success.
