New Philly-based $50 million private equity fund will invest in women, underrepresented entrepreneurs in Pa., N.J., and beyond
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Media Outlet
Author
Erin Arvedlund
Della Clark, president of the Enterprise Center of West Philadelphia, is raising $50 million for a new, for-profit fund investing in small businesses run by women and underrepresented entrepreneurs in Pennsylvania, New Jersey and other mid-Atlantic states, the founders said Monday.
Clark’s private-equity style Innovate Capital Growth Fund is the latest of several funds aimed at supporting underrepresented entrepreneurs in the wake of George Floyd’s murder and America’s ongoing reckoning with income inequality.
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As my business moves to the next level, leadership training, and management support that the Enterprise Center provides are keys to achieving greater sales and more contracts.
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Remaining competitive in the current marketplace often requires access to capital at key moments in our business.
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The Enterprise Center’s Dorrance H. Hamilton Center for Culinary Enterprises (CCE),is a great community to be a part of.
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I hope that when it all opens up that everybody goes out and supports our small businesses.
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